Fitzpatrick Introduces Bipartisan Bill to Ensure Small Business Federal Contractors Get Paid

WASHINGTON – House Small Business Committee Member Rep. Brian Fitzpatrick (R-PA) introduced H.R. 2594 the Small Business Payment for Performance Act to ensure small business federal contractors get paid in a timely manner for change orders. Specifically, the legislation allows contractors to submit a request for equitable adjustment (REA) - or an increase in fee - to the agency. The contractor may then bill the agency for any actual change order work completed, while the REA is pending. Once the agency receives the REA, it must pay 50% of the b... [...]

SBC Examines How SBA Can Help Small Businesses in the Global Marketplace

WASHINGTON – House Small Business Committee Member Rep. Brian Fitzpatrick (R-PA) introduced H.R. 2594 the Small Business Payment for Performance Act to ensure small business federal contractors get paid in a timely manner for change orders. Specifically, the legislation allows contractors to submit a request for equitable adjustment (REA) - or an increase in fee - to the agency. The contractor may then bill the agency for any actual change order work completed, while the REA is pending. Once the agency receives the REA, it must pay 50% of the b... [...]

Small Business Committee Reviews SBA’s 7(a) Loan Program

WASHINGTON— Officials from the Small Business Administration (SBA) told members of the House Small Business Committee today that they are working diligently to make sure small businesses can get the capital they need to grow their companies while conducting proper oversight of the 7(a) loan program, SBA’s most common loan program, to maintain a zero subsidy cost to the taxpayer. “As the 7(a) Program grows in terms of loan volume, loan amount, and the Congressionally-authorized loan limit, we owe it to the taxpayers and the small businesses invo... [...]

SBC Urges GAO to Examine SBA’s Office of International Trade’s (OIT) Grant Program

WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) sent a letter yesterday to the Honorable Gene Dodaro, Comptroller General of the United States at the Government Accountability Office (GAO) requesting he examine the Small Business Administration’s (SBA) Office of International Trade’s (OIT) State Trade and Export Promotion (STEP) Grant Program. “Because it is a grant-making program, the Committee wants to ensure that taxpayer-funded grants are being spent appropriately. In that vein, the Committee has concerns that SBA o... [...]

ICYMI: Good News: Increased Health Care Options for Small Businesses?

WASHINGTON - This week, the Centers for Medicare and Medicaid Services (CMS) announced that small businesses can enroll their employees directly in a health insurance company instead of having to do it through Obamacare’s Small Business Health Options Program (SHOP). Wall Street Journal: White House Closes a Health-Care Enrollment Option WSJ Excerpt: “Our goal is to reduce ACA burdens on consumers and small businesses and make it easier for them to purchase coverage,” Seema Verma, the administrator of the Centers for Medicare and Medicaid Serv... [...]