This week, the U.S. House is scheduled to vote on the Jobs Act, a bill aimed to help small businesses in the region.
This week, the U.S. House will vote on the Jobs Act, a bi-partisan bill aimed to help small businesses in the region. The bill is intended to strip out some regulations that make it harder for startups to access capital.
The bill has a broad bi-partisan support, but Democrats say it will only have a minimal impact. Rep. John Sarbanes (D-Md.) says Congress also needs to invest in infrastructure projects, and consider changing the tax code.
"You've got to kind of get past this mentality that you can't spend any money at all," says Sarbanes "And you also got to get past the notion that we can't go ask those who have done the best in this country to contribute a little bit more."
While the Jobs Act doesn't have everything the two parties want, Rep. Rob Wittman (R-Va.) says it's a step in the right direction.
"I hope that we don't let the perfect be the enemy of the good," Wittman says. "And we ought to make sure we're getting these things done, even if it's an incremental process."
The House is set to vote on the bill this week, but it's unclear when the Senate will take it up.