House OKs Jobs Bill In 'Rare Agreement' With Obama | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

House OKs Jobs Bill In 'Rare Agreement' With Obama

Update at 1:55 p.m. ET. The House Passes JOBS Act:

Saying that it shows the federal legislature can work in a bipartisan fashion, the Republican-controlled House passed the JOBS Act, which was supported by President Obama.

"It is a welcome sign that we can put our differences aside and work together to produce results to help boost the economy and get people back to work," House Majority Leader Eric Cantor, R-Va., said, according to the AP.

The bill was passed with a vote of 390-23.

Our Original Post Continues:

All those anxious to see some bipartisanship on Capitol Hill should be interested in this news:

"The House is expected to vote Thursday on a jobs bill that would mark rare agreement between the Obama administration and House Republicans." (CNN.com)

As The Hill explains, the "Jumpstart Our Business Startups (JOBS) Act ... is broadly aimed at making capital formation easier for new companies. Among other things, it creates a new class of companies that would enjoy relaxed Securities and Exchange Commission (SEC) rules, allowing small companies to go public sooner."

The White House has given the measure "its blessing," MSNBC adds, but the bill does have "an uncertain fate in the Senate, where a number of the bills included in the package have been waiting for a vote for — at times — months. Incorporated into the JOBS Act are six bills, four of which have already passed through the House with over 400 votes each, but have failed to be introduced in the Democratic-held Senate."

Still, as The Washington Post's 2chambers blog puts it: "Wake the kids and alert the neighbors: The White House, House Democrats and House Republicans actually agree on something." And, it reports, "Senate Majority Leader Harry M. Reid, D-Nev., said Tuesday that the Senate probably would take up legislation 'in the same framework' in the coming days."

You can read the JOBS Act here.

(H/T to NPR's Jean Cochran.)

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Investigating The Drug Trade In 'Cartel Land'

A new documentary tells a riveting story of the way power and violence intersect along the Arizona border and in embattled Michoacan, Mexico.
NPR

Why The World Might Be Running Out Of Cocoa Farmers

West African cocoa farmers earn less than $1 a day. Those low wages could jeopardize the future of chocolate labor, as young farmers find better opportunities to earn a living, a new report warns.
NPR

Donald Trump Controversy Highlights Influence Of Hispanics In U.S.

NPR's Rachel Martin speaks with Felix Sanchez, chairman and co-founder of the National Hispanic Foundation for the Arts, about Republican presidential candidate Trump's remarks on Mexican immigrants.
NPR

Pilot In Solar-Powered Plane Sets Aviation Record

André Borschberg, flying Solar Impulse 2, set a new record of 120 hours in the cockpit on a journey from Japan to Hawaii.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.