June 05, 2012

The Information Technology Industry Council (ITI) applauded the bipartisan Start-Up Act 2.0 as a way to help accelerate economic growth and create more jobs in innovative industries.  The House sponsors – Representatives Michael Grimm, R-N.Y.; Loretta Sanchez, D-Calif.; Kevin Yoder, R-Kan.; Russ Carnahan, D-Mo.; Devin Nunes, R-Calif.; Jared Polis, D-Colo.; and Robert Dold, R-Ill. – introduced their legislation today. 

ITI Senior Vice President for Government Relations Robert Hoffman commented on the House legislation:

“No one should be satisfied with the pace of the country’s economic recovery.  It’s true that there has been consistent private-sector job creation for the past 27 months.  But it’s also true that the economy has been consistently slow and consistently underwhelming, while literally tens of thousands of high-skilled, high-paying jobs go unfilled in the U.S.  

 “America’s policymakers need to take strong steps to rapidly scale job creation in sectors with great potential, and ensure that foreign-born U.S. college graduates with great potential stay in the U.S. and innovate.  The Start-Up Act 2.0 is one clear prescription.

 “The bipartisan coalition of House members backing this measure is a sign that job creation and talent retention and promotion should not be stymied by partisan politics.  Businesses looking to hire more people don’t care whether their support comes from a Republican idea or a Democratic one.  They simply want progress.  They want new ideas to take root here in the U.S., marrying innovative human capital with financial capital.  They want to see the barriers to economic growth disappear.

 “Like the Senate sponsors of similar legislation, the bipartisan House coalition is putting the long-term health of the American economy at the center of their efforts.  ITI commends their bipartisan collaboration, and looks forward to working with them to steer this proposal into becoming law.”