Update at 1:55 p.m. ET. The House Passes JOBS Act:
Saying that it shows the federal legislature can work in a bipartisan fashion, the Republican-controlled House passed the JOBS Act, which was supported by President Obama.
"It is a welcome sign that we can put our differences aside and work together to produce results to help boost the economy and get people back to work," House Majority Leader Eric Cantor, R-Va., said, according to the AP.