House Votes to Delay Obama Administration’s Overtime Rule

Bipartisan Measure Gives Small Businesses Six Months to Plan, Fight Click Image to Watch Chairman Chabot Speak on the House Floor WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) hailed House passage of a bipartisan measure to delay the Obama administration’s new overtime rule for six months. This additional time will enable small businesses and other small employers to plan for and fight back against these costly, burdensome new rules. H.R. 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act, ... [...]

Opportunity Rising: Effects of New Regulations on the Commercial Drone Industry

FAA: 90 percent of drone owners will be small businesses WASHINGTON – Small business owners told a key Congressional subcommittee today that new federal regulation that allows commercial use of small unmanned aircraft systems, otherwise known as drones or UAS, are opening up the skies and opportunities for new jobs and economic growth. However, effective and efficient implementation of the rule and the Federal Aviation Administration’s (FAA) next steps to fully and safely integrate UAS into the national airspace system are critical to the indus... [...]

House Passes Committee-Led Small Business Cybersecurity Bill

Bipartisan Measure Helps Protects Small Biz from Online Hackers WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) today applauded House passage of H.R. 5064, the Improving Small Business Cyber Security Act of 2016, bipartisan legislation which gives small businesses access to additional tools, resources and expertise to help protect their sensitive electronic data from cyber-threats. “American small businesses are under cyberattack like never before,” said House Small Business Committee Chairman Steve Chabot (R-OH). “Smal... [...]

Chabot, Velázquez Ask for Explanation of 504 Loan Program Outages

WASHINGTON—Upon learning that the Small Business Administration’s (SBA) CDC/504 Loan Program has experienced outages for roughly one third of all business days since June, House Small Business Committee Chairman Steve Chabot (R-Ohio) and Ranking Member Nydia Velázquez (D-NY) have written to SBA Administrator Maria Contreras-Sweet seeking answers. The program, which is intended to promote local economic development by providing long-term fixed rate financing for small businesses, is handled through the Sacramento Loan Processing Center. The Hous... [...]

IRS Audits Target Small Businesses

Committee Spotlights Abusive IRS Tactics WASHINGTON – Today, Small Business Committee witnesses told Congress that increasingly aggressive audits by the Internal Revenue Service (IRS) are harming innocent small businesses, forcing some to close their doors entirely. “The IRS has an obligation to provide small businesses with clarity and to treat all taxpayers with fairness and respect,” said House Small Business Committee Chairman Steve Chabot (R-OH). “The agency has failed repeatedly in meeting this obligation to the people it is supposed to ... [...]