WASHINGTON—Today, the House of Representatives passed H.R. 2357, the Accelerating Access to Capital Act, legislation authored by Rep. Ann Wagner (R-MO) and passed by the House Financial Services Committee to remove unfair burdens on small businesses. Upon passage, House Speaker Paul Ryan (R-WI) issued the following statement:

“Small businesses cannot grow if their resources are swallowed by the government. This bill simplifies redundant regulations so businesses can spend less time on paperwork and more time hiring workers and expanding their companies. Our economy is nothing without productive small businesses—this bill offers a better way to encourage success by expanding capital access and removing unnecessary burdens. I’m proud to support it.”