Oversight

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  • Chabot on CNBC: Wells Fargo CEO Resignation Not Enough
    Posted in Op-Eds on October 14, 2016 | Preview rr
    Tags: Access to Capital, Oversight

    Wells Fargo CEO Resignation Not Enough By Chairman Steve Chabot (R-OH) CNBC Opinion If Wells Fargo truly considers the resignation of CEO John Stumpf to be a first step towards regaining the trust of America's entrepreneurs, then there are countless more steps they must take to correct the damage their employees did to millions of Americans by creating fraudulent accounts in their names. As chairman of the House Small Business Committee, I have no higher priority than making sure that America's... Read more

  • Chairman Chabot Statement on Wells Fargo CEO Resignation
    Posted in Press Releases on October 13, 2016 | Preview rr
    Tags: Access to Capital, Oversight

    WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement on the resignation of Wells Fargo CEO John G. Stumpf: “Mr. Stumpf’s resignation is a first step but there are countless more steps Wells Fargo must take to correct the damage their employees did to millions of Americans by creating fraudulent accounts in their names without their permission. The egregious nature of these actions cannot be overstated. The next step should be for Wells Fargo to fu... Read more

  • Chabot Demands Answers from Wells Fargo, SBA on Fake Account Scandal
    Posted in Press Releases on October 5, 2016 | Preview rr
    Tags: Oversight

    Small Businesses May Have Been Penalized for Accounts They Never Opened WASHINGTON –Today, House Small Business Committee Chairman Steve Chabot (R-OH) sent letters to Maria Contreras-Sweet, the Administrator of the U.S. Small Business Administration (SBA), and John G. Stumpf, the Chairman and CEO of Wells Fargo, pressing for information about how small businesses may have been harmed by fraudulent accounts created by Wells Fargo employees. Wells Fargo is the single largest participant in SBA’s ... Read more

  • Obama Executive Orders: A Crushing Burden on Small Business
    Posted in Press Releases on September 13, 2016 | Preview rr
    Tags: Regulatory Reform / Regulations, Workplace Issues, Oversight

    Small Contractors Say New Red Tape Pushing Them Out of Markets WASHINGTON – Today members of the small business community told Congress that President Obama’s executive orders are preventing small businesses from competing for federal contracts, raising costs for the taxpayers while killing jobs and economic growth. Today’s joint hearing of two subcommittees of the House Small Business Committee comes as House Republicans are offering a policy agenda to reduce the regulatory burden on small bus... Read more

  • SBA Leaves Committee with More Questions than Answers on HUBZones
    Posted in Press Releases on September 7, 2016 | Preview rr
    Tags: Oversight

    Chairman Chabot Says Congress Must Approve Changes to Program WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) today expressed concern that the Small Business Administration (SBA) has failed to improve a federal program that aids small business development in economically distressed areas. Chairman Chabot also admonished the SBA that Congress and the Committee must approve all changes to the Historically Underutilized Business Zone or “HUBZone” program in order to ensure... Read more

  • Chabot in Cincinnati Enquirer: Abilities shine in small businesses
    Posted in Op-Eds on August 16, 2016 | Preview rr
    Tags: Workplace Issues, Oversight

    Abilities shine in small businesses By Chairman Steve Chabot (R-OH) The Cincinnati Enquirer August 16, 2016 Small businesses are more than just the backbone of the American economy. They are also the heart and soul of our communities in Ohio and across the nation. As chairman of the House Small Business Committee, I have seen first-hand how small businesses are leading the way in expanding employment opportunities for Americans with intellectual or developmental disabilities and disorders. For ... Read more

  • “FEAR FACTORS" : IRS Audits Used to Intimidate Small Businesses
    Posted in Press Releases on June 22, 2016 | Preview rr
    Tags: Taxes, Oversight

    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 ... Read more

  • Overdue: Chabot, Chaffetz Press OMB on Paperwork Reduction Requirements
    Posted in Press Releases on May 26, 2016 | Preview rr
    Tags: Regulatory Reform / Regulations, Oversight

    WASHINGTON—House Small Business Committee Chairman Steve Chabot (R-Ohio), joined by House Oversight and Government Reform Committee Chairman Jason Chaffetz (R-Utah) today asked the Office and Management and Budget for a long overdue status update on the federal paperwork burden. Chairmen Chabot and Chaffetz, whose Committees have jurisdiction over the Paperwork Reduction Act, pointed out to OMB Director Shaun Donovan that “the Office of Management and Budget (OMB) is required to annually submit ... Read more

  • An Uber-Taxing Experience for New Entrepreneurs
    Posted in Press Releases on May 24, 2016 | Preview rr
    Tags: Taxes, Regulatory Reform / Regulations, Workplace Issues, Technology, Oversight

    TaskRabbit, Experts Describe Challenges of the Sharing Economy to Congress WASHINGTON – A representative for the on-demand platform company TaskRabbit told the House Small Business Committee today that the current tax, regulatory and legal climate threatens the success of entrepreneurs in the new sharing economy. The panel of experts described to lawmakers the bevy of new tax compliance challenges faced by small employers, employees and their customers as they navigate the online, app-driven sh... Read more

  • Cheers to Making it in the U.S.A.
    Posted in Press Releases on May 12, 2016 | Preview rr
    Tags: Taxes, Access to Capital, Regulatory Reform / Regulations, Workplace Issues, Technology, Oversight

    John Ratzenberger Pitches American Manufacturing to Congress WASHINGTON – Emmy-nominated actor and “Made in America” advocate John Ratzenberger told members of the House Small Business Committee that the face of American manufacturing has changed dramatically in recent years, presenting new job opportunities for millions of Americans. Ratzenberger, best known as Cliff Clavin from the sitcom Cheers and the voice of Hamm from Pixar’s Toy Story movies, testified alongside a panel of small manufact... Read more