Hill: ‘This Bipartisan Package Gives Arkansans the Opportunity to Compete in a Growing Economy’

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Washington, July 17, 2018 | comments

WASHINGTON – Today, Congressman French Hill (AR-02), issued the following statement after supporting the JOBS and Investor Confidence Act, a bipartisan bill that combines 32 individual bills, including Hill’s legislation, the Cooperate with Law Enforcement Agencies and Watch Act:

“The bipartisan package passed in the House today gives Arkansans and Americans the opportunity to compete in a growing economy. Job creators are the backbone of our country, and today we cut government red tape so they have access to the financial backing they need to create and grow successful businesses.

“I’m pleased that my commonsense bill was included in this package because it promotes a partnership without repercussions between local financial institutions and law enforcement agencies to monitor cash flows associated with criminal investigations to help protect Americans from bad actors.”

Background:

The JOBS and Investor Confidence Act, S. 488, combines provisions of 32 individual bills designed to spur entrepreneurship by reinvigorating business startups and initial public offerings.

Rep. Hill’s legislation below was included in S. 488.

The Cooperate with Law Enforcement Agencies and Watch Act, H.R. 5783, would provide a safe harbor for financial institutions that maintain a customer account at the request of a Federal or State law enforcement agency.

Rep. Hill also worked on Fair Investment Opportunities for Professional Experts Act, H.R. 1585, with Rep. Schweikert (AZ-06) to updated accredited investor definition, making it easier for entrepreneurs to raise startup capital.

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