The Hill News

If the name of the bill didn’t give it away, the Jumpstart Our Business Startups (JOBS) Act is meant to spur job creation. Instead of taking President Obama’s approach of borrow and spend, this bill takes a look at how start-up companies in the U.S. are regulated. This new look at job creation is long overdue.

Over the last decade forces have fundamentally changed the look of the global capital markets. The first comes from increased competition abroad: Europe and Asia have developed mature financial hubs that are increasingly on par with New York and Chicago. But like a coach benching his star player, the U.S. has done a lot to help the competition.

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