Nebraska U.S. Congressman Mike Flood introduced his first congressional bill on Wednesday. The Connecting Small Businesses with Capital Act would help small businesses get access to investor financing.
“Small businesses are the lifeblood of our economy, making up over 99% of all private sector job creators,” Congressman Flood says. “Connecting with potential investors can often be daunting for small business owners. The Connecting Small Businesses with Capital Act will help create more awareness about existing opportunities for investor financing that are underutilized and pave the way for more small business owners to take advantage of them.”
While the JOBS Act of 2012 provided new opportunities for small businesses to raise capital from investors, many businesses remain unaware of the variety of capital-raising options available to them. Flood’s bill requires the Small Business Administration to produce educational materials on some of those JOBS Act regulations.
Congressman Flood is a member of the Committee on House Oversight and Reform as well as the Committee on Small Business. A copy of the bill can be found by clicking here.