Access to Capital

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  • 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

  • Graves Statement on the SBIC Modernization Act of 2012
    Posted in Press Releases on December 18, 2012 | Preview rr
    Tags: Access to Capital

    House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on House consideration of the Small Business Investment Company Modernization Act of 2012 (H.R. 6504): “Access to capital continues to be a challenge for many small businesses around the nation who want to grow and create jobs. The Small Business Investment Company Modernization Act of 2012 is common-sense legislation that will help infuse much needed investment capital into the private sector, at a ti... Read more

  • Coffman Subcommittee Holds Hearing on SBA Lending with Banking Partners
    Posted in Press Releases on June 21, 2012 | Preview rr
    Tags: Access to Capital

    House Small Business Subcommittee on Investigations, Oversight, and Regulations, under the Chairmanship of Rep. Mike Coffman (R-CO), today held a hearing with financial institutions about small business access to capital and the lenders' experience with the SBA’s financial assistance programs. This hearing served as a continuation of a June 6, 2012 hearing with SBA Administrator Karen Mills about the agency’s management of its capital access programs. “This hearing provided an opportunity to eva... Read more

  • Committee Questions SBA Administrator Karen Mills on Lending Oversight
    Posted in Press Releases on June 6, 2012 | Preview rr
    Tags: Access to Capital

    The House Small Business Committee, led by Chairman Sam Graves (R-MO), today held a hearing to examine the Small Business Administration’s (SBA) management of its capital access programs with a special focus on the ad hoc procedures used to manage those operations. At this hearing, Members of the Committee questioned SBA Administrator Karen Mills about the Administration’s responsibility for a credit and equity portfolio of more than $90 billion, and charges that the SBA has failed to adequately... Read more

  • Chairman Graves in CNBC: What Small Business Is the Next Facebook?
    Posted in Op-Eds on May 17, 2012 | Preview rr
    Tags: Access to Capital, Regulatory Reform / Regulations

    What Small Business Is the Next Facebook? By Chairman Sam Graves As the financial markets anticipate the initial public offering of social networking megasite Facebook this week, let us take a step back to admire this success story and the entrepreneurial free market system overall. The Facebook IPO is expected to bring in $100 billion dollars — an astronomical amount for most people. While we congratulate Facebook’s creators in producing a multibillion dollar business concept from an idea deve... Read more

  • Chairman Graves in FoxNews.com: Access To Capital Is Still A Major Challenge For Small Business
    Posted in Op-Eds on April 23, 2012 | Preview rr
    Tags: Access to Capital

    In Case You Missed It.... Access To Capital Is Still A Major Challenge For Small Business By Chairman Graves Having grown up on a family farm, I am all too familiar with the effects a drought can have on a crop. Today’s small business owners are facing a drought of a different type – a dearth of capital. Just as water is a key ingredient to growth on the farm, capital is required for businesses to thrive. Because access to capital continues to be a significant challenge for entrepreneurs and sm... Read more

  • Subcommittee Examines Regulatory Environment For Equity Finance
    Posted in Press Releases on April 19, 2012 | Preview rr
    Tags: Access to Capital

    House Small Business Subcommittee on Economic Growth, Tax and Capital Access today held a hearing to examine the current regulatory environment for equity finance and ways to strengthen the ecosystem. Equity financing is a funding method where a business owner sells a percentage of their company in exchange for an ownership stake. “Because many start-up businesses do not have sufficient assets to pledge as collateral to secure a bank loan, equity finance is an important source of funding for the... Read more

  • Graves Statement on the Senate-Amended JOBS Act Vote in the House
    Posted in Press Releases on March 27, 2012 | Preview rr
    Tags: Access to Capital

    House Small Business Committee Chairman Sam Graves (R-MO) today issued the following statement on the bipartisan Senate-amended Jumpstart Our Business Startups (JOBS) Act of 2012: “This JOBS Act is further proof that both parties can work together to accomplish some good for this nation and our small businesses. Access to capital continues to be a significant challenge for entrepreneurs and small firms who want to start or grow their business, and this bill helps to provide solutions to that pro... Read more