The House yesterday passed (406-4) a bipartisan package of 32 bills intended make it cheaper and easier for small businesses and startups to access capital markets and woo investors, The Hill reported. Lawmakers voted almost unanimously to pass the JOBS and Investor Confidence Act one day after the leaders of the House Financial Services Committee announced a deal following months of markups and negotiations. The package contains several dozen bills focused on capital markets regulations, all of which passed the Financial Services panel or House with little resistance. The deal also rolls back some Dodd-Frank Act banking rules with provisions that have also earned wide bipartisan support. he package now faces an uncertain future in the Senate. House Financial Services Committee Chair Jeb Hensarling (R-Texas) has said that Senate leaders have promised to hold a vote on the House measure, but the bill would need support from 10 Senate Democrats to pass. Hensarling secured a pledge from Senate leaders to take up the House deal when he promised to support the upper chamber’s bipartisan Dodd-Frank rollback, which President Trump signed in May.
