Small Biz is Out of This World

Curbelo Hearing Spotlights Importance of Small Companies to NASA WASHINGTON – Today small business owners told a key Congressional subcommittee that their companies and others like them play a vital role in meeting the needs of the National Aeronautics and Space Administration (NASA).Witnesses and lawmakers also discussed ways to strengthen and improve the critical partnership between small companies and NASA as the agency prepares to celebrate its 58th anniversary later this month. “Designing next generation spacecraft takes time and in recen... [...]

Committee Probes Foreign Cyber Attacks on U.S. Small Businesses

Chabot: “Impacts both our national security and our economic security” WASHINGTON – Leading cybersecurity experts warned members of the House Small Business Committee today that American small businesses are at great and growing risk of cyberattacks from foreign hackers. Today’s hearing was part of the Committee’s ongoing effort to spotlight the cyber security threats faced by America’s 28 million small businesses and develop solutions to combat the threat. “Small business cyber security has been a top priority for our Committee throughout thi... [...]

One Size Does Not Fit All

Layoffs, Benefit Cuts Coming Soon Due to Obama Overtime Rule WASHINGTON – As the December 1, 2016 compliance deadline for the Department of Labor’s new overtime rule rapidly approaches, traditional small businesses, technology start-ups, and other small employers told the House Small Business Committee today that they may soon be forced to layoff workers, reduce benefits and lower wages to cover the costs of the new federally-mandated requirements. “The DOL has heralded this rule as a long-overdue action that will provide tremendous benefits t... [...]

“FEAR FACTORS" : IRS Audits Used to Intimidate Small Businesses

WASHINGTON – Today small business owners and advocates told a key Congressional subcommittee that increasingly aggressive audit tactics by the Internal Revenue Service (IRS) have been used to intimidate small companies, creating an atmosphere of fear and uncertainty in the small business community. “In the administration of the tax code, the IRS has dual roles: collection and enforcement,” said Subcommittee on Economic Growth, Tax and Capital Access Chairman Tim Huelskamp (R-KS) in his opening remarks. “Small businesses have a right to be trea... [...]

Committee Holds Small Business Owners Roundtable on Cutting Government Red Tape

Job Creators Tell Committee Members: DOL Overtime Rule Bad for Their Businesses WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) held a roundtable discussion with small business owners from across the country on how their businesses and workers will be harmed by the new overtime rule issued by theDepartment of Labor last month. Committee members and entrepreneurs discussed how the Obama Administration’s pattern of regulatory overreach has created an atmosphere of uncertainty for America’s small businesses and hurt... [...]