American Jobs Act

The American Jobs Act comprises two bills proposed to a joint session of Congress by President Barack Obama in September 2011. The proposal involved a collection of measures designed to get Americans back to work after the recession.

Obama assured Americans that the $447 billion bill would not add to the national debt and would be fully funded. The bill initially failed to garner the necessary 60 votes to proceed. As a result, Obama separated the bill into several smaller derivative bills, including the Jumpstart Our Business Startups Act. The bill passed with bipartisan support and was signed into law in April 2012.