Access to Capital

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  • Small Business Subcommittee Examines SBA Capital Access Programs
    Posted in Press Releases on May 19, 2015 | Preview rr
    Tags: Access to Capital

    Small Business Subcommittee Examines SBA Capital Access Programs WASHINGTON – Today, the Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing to examine one of the greatest impediments to growth for any small business: access to capital. The hearing included industry witnesses from several Small Business Administration programs, who each shared their thoughts on how they can improve their respective programs. After the hearing, Subcommittee Chairman Tom Rice (R-... Read more

  • Bridging the Small Business Capital Gap: Peer-to-Peer Lending
    Posted in Press Releases on May 13, 2015 | Preview rr
    Tags: Access to Capital

    Bridging the Small Business Capital Gap: Peer-to-Peer Lending WASHINGTON -- During today’s House Small Business Committee hearing, “Bridging the Small Business Capital Gap: Peer-to-Peer Lending” led by Chairman Steve Chabot (R-OH), members heard from peer-to-peer lending experts whose testimonies shed light on emerging lending techniques that could expand small business’ access to capital. “While access to capital has always been a concern for small firms, as we all know, the Great Recession an... Read more

  • Chabot Leads Bipartisan Effort to Expand Small Business Access to Capital
    Posted in Press Releases on February 24, 2015 | Preview rr
    Tags: Access to Capital

    Chabot Leads Bipartisan Effort to Expand Small Business Access to Capital WASHINGTON – A bipartisan group led by Small Business Committee Chairman Steve Chabot (R-OH) today introduced legislation to invigorate the Small Business Investment Company (SBIC) Program, allowing promising small businesses greater access to capital to grow their businesses and create jobs. “We have to build an opportunity economy that allows all Americans to get ahead,” said Chairman Chabot. “In my home state of Ohio, ... Read more

  • Graves Introduces Bill To Modernize SBA Loan Process
    Posted in Press Releases on September 18, 2014 | Preview rr
    Tags: Access to Capital

    House Small Business Committee Chairman Sam Graves (R-MO) today introduced legislation that will streamline and simplify the loan application process at the Small Business Administration (SBA) by requiring the agency to permit the use of e-signature and electronic records. The Small Business Loan Simplification Act of 2014 (HR 5599) would statutorily bring the SBA up-to-speed with technology already being used by private lenders and other federal agencies. Rep. Steve Chabot (R-OH), Rep. David Sc... Read more

  • Committee Examines Reforms to SBIR/STTR Programs
    Posted in Press Releases on July 23, 2014 | Preview rr
    Tags: Access to Capital, Technology, Oversight

    The House Small Business Committee, under the chairmanship of Rep. Sam Graves (R-MO), today examined the progress of recent programmatic changes to both the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Under Chairman Graves’ leadership, Congress reauthorized the programs three years ago along with requirements that the agencies implement various reforms that will help spur wider participation from small firms and more effective commercializati... Read more

  • Tipton Subcommittee Exposes Government Waste and Duplication Among SBA, USDA Loan Programs
    Posted in Press Releases on February 6, 2014 | Preview rr
    Tags: Access to Capital

    The Small Business Subcommittee on Agriculture, Energy and Trade, led by Chairman Scott Tipton (R-CO), today held a hearing to analyze the overlap and duplication among guaranteed loan programs operated by the United States Small Business Administration (SBA) and the United States Department of Agriculture (USDA). Both agencies provide guarantees for loans to businesses in rural areas, but the Government Accountability Office found the overlap of these programs to be an inefficient use of scarce... Read more

  • Subcommittee Explores The Impact of SEC Crowdfunding Rule-Making on Job Creation
    Posted in Press Releases on January 16, 2014 | Preview rr
    Tags: Access to Capital

    The Small Business Subcommittee on Investigations, Oversight and Regulations, led by Rep. David Schweikert (R-AZ), today held a hearing examining crowdfunding’s job creation impact and how the Securities and Exchange Commission’s (SEC) proposed rules are expected to affect both the crowdfunding model and small businesses seeking to use it as a source of capital. The SEC recently issued proposed rules implementing Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012, which will pla... Read more

  • Schweikert Subcommittee Explores Innovative Ideas for Raising Capital and the Role Washington Plays in Fostering Access to Credit
    Posted in Press Releases on June 6, 2013 | Preview rr
    Tags: Access to Capital

    The House Small Business Subcommittee on Investigations, Oversight and Regulations, under the chairmanship of Rep. David Schweikert (R-AZ), today held a hearing to review several innovative financing options, determine how those methods are meeting entrepreneurs’ needs, and discuss what Washington can do to foster more access to credit. “Today we heard about new and innovative methods deployed for small businesses and entrepreneurs to access capital and credit via technology platforms,” said Cha... Read more

  • Hearing on SBA Budget Exposes Questionable Spending Priorities
    Posted in Press Releases on April 24, 2013 | Preview rr
    Tags: Access to Capital, Contracting

    WASHINGTON, D.C. – The House Small Business Committee, led by Chairman Sam Graves (R-MO), today held a hearing to address the budgetary situation of the Small Business Administration (SBA) for the rest of this fiscal year and fiscal year 2014. The lone witness at the hearing was SBA Administrator Karen Mills. The Committee highlighted the SBA’s substantial increase in requests for new and unproven entrepreneurial training programs while continuing to underfund those programs that are congression... Read more

  • Schweikert Subcommittee Questions SEC on ‘JOBS’ Act Rules Delay
    Posted in Press Releases on April 11, 2013 | Preview rr
    Tags: Access to Capital

    House Small Business Subcommittee on Investigations, Oversight and Regulations Chairman David Schweikert (R-AZ) today led the 113th Congress’ first hearing on the Jumpstart Our Business Startups (JOBS) Act. This hearing focused specifically on the sluggish implementation of ‘JOBS’ Act rule promulgation by the Securities and Exchange Commission (SEC). “The ‘JOBS’ Act was intended to increase capital formation opportunities for small businesses,” said Chairman Schweikert. “Sadly, delays by the SEC... Read more