Community Bankers Association of Illinois

“JOBS” Act Advances in the U.S. House of Representatives
March 8, 2012

The U.S. House of Representatives advanced a package of bills aimed at boosting the economy and which included a component that would exempt smaller banks from registering with the Securities and Exchange Commission. The bill passed the House with strong bipartisan support by a vote of 390-23. All Illinois House members voted to pass the bill with the exception of Jan Schakowsky (D-9th) who voted “No” and Danny Davis (D-7th) who was “Not Voting”.

The six bills combined into the JOBS Act had various bipartisan co-sponsors from the Illinois delegation including: Bobby Rush (D-1st), Mike Quigley (D-5th ), Joe Walsh (R-8th), Robert Dold (R-10th), Judy Biggert (R-13th), Donald Manzullo (R-16th), Bobby Schilling (R-17th), and Aaron Schock (R-18th). The Senate is expected to move its own version of a small business jobs bill in the coming weeks.

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