President Signs Knight Bill To Ensure Small Businesses Have Access to Capital

WASHINGTON – This week, the President signed H.R. 2333, the Small Business Investment Opportunity Act, introduced by Contracting and Workforce Subcommittee Chairman Steve Knight (R-CA), to increase the amount of leverage made available to small business investment companies (SBICs). “No doubt, access to capital remains one of the biggest obstacles for small business owners in growing their companies. Congressman Knight’s bill will allow small businesses to more easily get the financing they need and I thank him for all the hard work he has put ... [...]

PHOTO RELEASE: Chabot Attends White House Bill Signing with President Trump

Yesterday, President Donald J. Trump signed Chairman Steve Chabot's (R-OH) landmark bill, H.R. 4743, the Small Business 7(a) Lending Oversight Reform Act, to increase the Small Business Administration’s (SBA) oversight authority over the 7(a) Loan Program. The bipartisan and bicameral legislation was introduced by House Committee on Small Business Chairman Steve Chabot, and Senate Small Business and Entrepreneurship Committee Chairman Jim Risch (R-ID), and Ranking Member Nydia Velázquez (D-NY) and Senator Jeanne Shaheen (D-NH). Pictured here, ... [...]

President Signs Bipartisan, Bicameral Bill to Ensure Access to Loans for Small Business Owners

WASHINGTON – Today, President Trump signed into law a bipartisan, bicameral bill led by House Small Business Committee Chairman Steve Chabot (R-OH), Senator Jim Risch (R-ID), Chairman of the Senate Committee on Small Business and Entrepreneurship, House Ranking Member Nydia Velázquez (D-NY) and Senator Jeanne Shaheen (D-NH). The bill, the Small Business 7(a) Lending Oversight Reform Act, will ensure appropriate oversight of Small Business Administration’s (SBA) flagship loan program and improve access to capital for small business owners. Numer... [...]

SBC Learns How Communities that Think Small—Win Big

WASHINGTON—Today, Members of the House Committee on Small Business heard from a panel of local officials on the way their communities have developed thriving small business ecosystems. “Every small business ecosystem relies on a delicate balance of support and resources to survive,” said Chairman Steve Chabot (R-OH). “The creation of a healthy ecosystem requires significant investment by all participants: small business owners, support organizations, and policymakers. Policymakers and support organizations, like the ones we have on this panel, ... [...]

SBC Requests GAO Provide a Report on SBA’s Hurricane Disaster Relief Programs

WASHINGTON—Recently, Chairman Steve Chabot (R-OH) and Ranking Member Nydia M. Velázquez (D-NY) sent a letter to the Honorable Gene L. Dodaro, Comptroller General of the United States at the United States Government Accountability Office (GAO), requesting a report on the Small Business Administration’s (SBA) performance during the past hurricane season. “SBA is a resource for millions of people who have been victims of natural disasters across our nation,” said Chairman Steve Chabot. “As we examine disaster relief efforts at the SBA, it is criti... [...]