Washington, DC (KMOV / Belo) -- President Obama is scheduled to sign a new jobs bill into law today aimed at helping smaller companies grow bigger and both republicans and democrats are supporting this one.
On the political stage it looks good for the lawmakers to come across like they're working together.
These public bill signing ceremonies were common early on in the Obama administration.
This is supposed to encourage small companies to hire people by cutting back on regulations and making it easier for smaller companies to raise money from investors.
Like anything else, the "JOBS" Act has its critics. They say it could wind up hurting small companies - instead of helping them. Two things could happen. Some smaller companies could get in over their heads trying to raise money from investors, and hurt themselves. Also, since those companies won't be required to disclose as much financial information as they used to, investors could get ripped off. Either way, those critics say when it comes to regulating businesses, congress doesn't know what it's doing.
Public approval of congress is so low, some people in both parties want to find common ground on something so they can show voters they actually did more than just argue all the time.
Since President Obama wants to show he can work with republicans too, there's a chance we could see more of this kind of thing.