WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV), a member of the Senate Committee on Small Business and Entrepreneurship, joined Senator John Kennedy (R-LA) and a bipartisan group of colleagues in introducing the Expanding Access to Capital for Rural Job Creators Act to help eliminate hurdles small businesses in rural areas disproportionately face when trying to access capital.
“Small businesses make up the backbone of our state’s rural communities, and their growth and success create good-paying jobs and allow our state to flourish,” said Senator Rosen. “Unfortunately, one of the largest barriers to rural small businesses’ growth is the lack of access to capital. That’s why I’ve helped introduce bipartisan legislation to help identify challenges these businesses face when seeking financial support.”
This bipartisan legislation would lay the groundwork for expanding access to capital for small businesses in rural communities by requiring the Securities and Exchange Commission for Small Business Capital Formation to submit an annual report on the unique challenges rural businesses face when trying to secure investments. From these annual reports, Congress could weigh legislative action to ensure the growth and success of rural small businesses across our state and nation.