Helping Americas Job Creators
By Cong. Lamar Smith
Texas Insider Report: AUSTIN Texas It is no surprise that the majority of Texans say the top issues facing the United States today are the economy federal spending & unemployment. First the House Republican plan for Americas job creators will help small business owners by reducing the regulatory burdens that they face.
House Republicans have been working hard to create an environment for job creation and economic growth. We have passed a responsible budget that reduces our debt and puts our nation on a sound fiscal path.
As Chairman of the Judiciary Committee I am pleased to be part of this effort and have been working with my colleagues to find ways to help strengthen the economy and create jobs for American workers.
Earlier this year I introduced the REINS Act legislation that reins in federal regulators from imposing costly and unnecessary government regulations. It requires Congressional review and approval for any expensive government regulation before it can be implemented. This legislation is a crucial component of our plan to help Americas job creators as government regulations cost our economy more than $1.75 trillion each year according to the Small Business Administration.
Job creators across America also told us that tax reform is badly needed. This plan would streamline the tax code and lower the tax rate for businesses and 
individuals to no more than 25.
There is one step the United States could take immediately to increase competitiveness for American manufacturers pass the three pending free trade agreements with Colombia Panama and South Korea. President Obama has not yet submitted any of these trade agreements to this Congress even though passing them could create up to 250000 jobs.
Another way we plan to unleash Americas job creators is to update our patent system. Since our founding American innovators have played an important role in our nations growth and prosperity.
But if we want to foster future creativity we must do more to encourage todays innovators. One big obstacle facing innovators today is the time it takes to get a patent approved an average of three years.
Over one million patent applications are pending. These patents represent future products that create jobs.
Our proposal allows the Patent & Trademark Office to retain the fees it collects so that more examiners can be hired to address the backlog and new products can get to market faster.
We cannot continue to protect the technologies of today with the tools of the past. We need a modernized patent system that keeps pace with ever-changing technology.
The Senate passed similar legislation earlier this year and the Judiciary Committee recently approved the House proposal with strong bipartisan 
support. I look forward to getting this legislation passed by the House and then on to the Presidents desk.
We must take significant steps today to secure the economic future of our nation. It is an honor to be part of this effort to help our economy recover and create more American jobs.
Lamar Smith R-San Antonio has represented the 21st Congressional District of Texas since 1987.
