Chairman Chabot Says New Tax Withholding Guidance A Win For Small Business Employees

WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement in response to the Treasury Department’s announcement of updated tax withholding tables following the Tax Cuts and Jobs Act: “We continue to see positive steps as a result of the Tax Cuts and Jobs Act. The IRS update of the withholding tables is another example of the law delivering for hardworking small business employees. This is in addition to the Tax Cuts and Jobs Act, which ensures small businesses are treated equally by prov... [...]

Engaging Energy: How the Energy Department is Helping Small Businesses

WASHINGTON—Today, Subcommittee Chairman Rod Blum (R-IA) and the Subcommittee on Agriculture, Energy, and Trade heard from Charles R. Smith, the Director of the Office of Small and Disadvantaged Business Utilization (OSDBU) at the United States Department of Energy (DOE). “Small businesses are integral to the success of the DOE mission and the energy industry; however, the high cost and high technology required in the energy field often leaves small businesses struggling to compete with large corporations,” said Subcommittee Chairman Rod Blum. “... [...]

Strengthening SBA’s 7(a) Loan Program

WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the Committee on Small Business heard from a panel of key stakeholders about the Small Business Administration’s (SBA) 7(a) Loan Program and H.R. 4743, the Small Business 7(a) Lending Oversight Reform Act of 2018. “The economy is improving. Treasury numbers are moving in the right direction. The tax reform law is being implemented. However, we continue to see that lending and borrowing remain flat. This becomes more acute for the nation’s smallest firms.” said Chairman Chabot. “As a result of m... [...]

Chairman Chabot Responds To President’s Decision To Improve Rural Access to Broadband

WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the President issued a Presidential Memorandum directing the Department of the Interior to increase access to broadband tower facilities and other assets to support rural broadband deployment and an Executive Order streamlining broadband infrastructure installation in federally owned buildings: “Traditionally, rural America has not kept pace with urban areas in large part because of its lack of access to reliable broadband. ... [...]

Bipartisan, Bicameral Small Business Committee Leaders Introduce Legislation Protecting Integrity of 7(a) Loan Program

WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH), Senate Small Business and Entrepreneurship Committee Chairman Jim Risch (R-ID), and respective Ranking Members Nydia Velázquez (D-NY) and Jeanne Shaheen (D-NH) joined together to introduce the Small Business 7(a) Lending Oversight and Reform Act of 2018. This bipartisan, bicameral legislation will increase the Small Business Administration’s (SBA) oversight authority over the 7(a) Loan Program. “Many small business owners are ready to turn their dream into a rea... [...]