Small Business: The Key to Economic Growth

WASHINGTON – Ahead of National Small Business Week, a distinguished group of experts toldthe House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access that small business innovation can spur economic growth. “Washington can do more to help America’s businesses with the largest growth potential— small businesses. They represent 48 percent of the workers in the private sector, and make up an overwhelming amount of all businesses,” said Subcommittee Chairman Brat (R-VA).“With next week being National Small Business W... [...]

Small Business Committee Introduces 2017 National Small Business Week Resolution

WASHINGTON—The Members of the House Small Business Committee this evening introduced H. Res. 288, celebrating next week as National Small Business Week. Every President since 1963 has designated National Small Business Week to highlight the unmatched contributions of small businesses the American economy. H. Res 288 details the impact of small businesses in America: Whereas there are more than 29,600,000 small businesses in the United States; Whereas small businesses represent 99.9 percent of all businesses with employees in the United States;... [...]

Storm Watch: Making Sure SBA’s Disaster Loan Program is Prepared

WASHINGTON – Officials from the Government Accountability Office (GAO) and the U.S. Small Business Administration (SBA) told the House Small Business Committee today that SBA’s disaster relief loan program continues to struggle with long processing times, fraudulent claims, and post-disaster communication with small businesses. While witnesses praised the RISE After Disaster Act, bipartisan legislation crafted by the Small Business Committee and signed into law in 2015, they noted that SBA still has much work to do to ensure they are prepared ... [...]

SEASON Act Introduced to Provide Relief for Seasonal and Small Businesses

WASHINGTON—Small Business Committee Chairman Steve Chabot (R-Ohio) has led the introduction of legislation essential to providing relief for small and seasonal businesses that are suffering under a lapse in the H-2B visa program. H.R. 2004, the Strengthen Employment and Seasonal Opportunities Now (SEASON) Act, makes fundamental changes to the H-2B visa program to provide certainty for seasonal employers that have been plagued by the program’s inefficiencies and constantly changing regulatory environment. The SEASON Act clarifies the role of te... [...]

Scam Spotting: Can the IRS Effectively Protect Small Business Information?

WASHINGTON – As the federal income tax filing deadline approaches, the Treasury Department’s Inspector General for Tax Administration (TIGTA) told the House Small Business Committee today that the Internal Revenue Service (IRS) must be more vigilant in protecting taxpayers’ personal information from identity thieves. “As tax season heats up, so too does tax fraud season,” said House Small Business Committee Chairman Steve Chabot (R-OH). “In testimony before this Committee last year, IRS Commissioner John Koskinen reported that a cyber breach h... [...]