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Ranking Member Luetkemeyer and Chairwoman Velázquez Introduce Bills to Extend Statute of Limitations on COVID Small Business Fraud Cases

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WASHINGTON, D.C. — Today, House Small Business Committee Ranking Member Blaine Luetkemeyer (R-MO) and House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) introduced two pieces of legislation to extend the statute of limitations for certain fraud cases involving the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) program. “A core…

Luetkemeyer, McHenry Send Letter Demanding Beneficial Ownership Rulemaking Protect Small Businesses and Adhere to Congressional Intent

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WASHINGTON, DC - Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), and the top Republican on the House Small Business Committee, Blaine Luetkemeyer (MO-03), sent a comment letter regarding the Treasury Department’s Notice of Proposed Rulemaking (NPRM) on Beneficial Ownership Information Reporting Requirements. The Republican Leaders highlight…

Committee Examines SBA OIG’s Review of the Microloan Program

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WASHINGTON—Today, Members of the House Small Business Subcommittees on Investigations, Oversight, and Regulations and Economic Growth, Tax, and Capital Access heard from agency officials from the United States Small Business Administration (SBA) on the SBA’s September 28, 2017 report entitled, “Audit of SBA’s Microloan Program.”  “Ultimately, SBA is supposed to make sure that the…

Chairman Chabot Responds to Hurricane Harvey Relief Package

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WASHINGTON – Today, Chairman of the House Committee on Small Business, Steve Chabot, released the following statement after the House overwhelmingly passed a $7.9 billion hurricane relief package in response to Hurricane Harvey: “Unfortunately, this storm took many lives. These storms also devastated people’s businesses, possessions, and homes. They will need financial relief to…

15 Things That Remind You How Long It's Been Since The Last Major Tax Reform

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15 Things That Remind You How Long It's Been  Since The Last Major Tax Reform The tax code hasn't been overhauled since 1986 under President Ronald Reagan. ​That was nearly 30 years ago!​ A lot has changed since then. See for yourself with these 1986 throwbacks. 1. The Legend of Zelda​ was released by Nintendo. The ​Halo​ of its…

An Opportunity Economy Starts with Small Business

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    An Opportunity Economy Starts with Small Business Small businesses are failing faster than they're starting up. Here's why that needs to change--and what we can do to make it happen. By Rep. Steve Chabot Running a small business is a tough job. As any entrepreneur…

Chabot Hosts SBA Administrator

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 On Monday, Small Business Committee Chairman Steve Chabot (R-OH) hosted Small Business Administrator Maria Contreras-Sweet on a walking tour of Cincinnati to meet with local small businesses.    Chabot and the Administrator visited businesses in the Over-the-Rhine community, met with startups at the Brandery, a local business…

Associated Press: Small Business and Politics: How Did Graves Do?

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Small Business and Politics: How Did Graves Do? By JOYCE M. ROSENBERG, AP Business Writer Small companies were still reeling from the recession in 2011 when Sam Graves became chairman of the House Small Business Committee. As the Missouri Republican prepares to leave his post, small business has a higher profile, partly because of the committee's legislation on issues like federal…

CQ: Graves: SBA Rule Change Would Hurt Small Businesses

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Congressional Quarterly: Graves: SBA Rule Change Would Hurt Small Businesses November 19, 2014 By Shawn Zeller House Small Business Committee Chairman Sam Graves and the Small Business Administration are quarreling again over a new administration move to increase the size of firms eligible for government contracts set aside for small companies.   Graves, R-Mo., wrote this month…