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  • Investing in Small Businesses: The SBIC Program
    Posted in Press Releases on November 7, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Rural America, Contracting, Technology

    WASHINGTON—Today, Members of the Subcommittee on Agriculture, Energy, and Trade heard from a panel of witnesses from all over the country who participate in the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program. “As a way to inject more equity into the small business ecosystem to address the gap in long-term financing, the SBA created the Small Business Investment Company Program, also known as the SBIC Program, in 1958,” said Subcommittee Chairman Rod Blum (... Read more

  • House Small Business Committee Introduces Bipartisan Small Business Saturday Resolution
    Posted in Press Releases on November 3, 2017 | Preview rr

    WASHINGTON—Yesterday, Chairman Steve Chabot (R-OH) and Ranking Member Nydia Velázquez (D-NY) introduced a bipartisan House resolution to recognize November 25, 2017, the Saturday after Thanksgiving, as “Small Business Saturday.” The text of H. Res. 603 highlights the important role small businesses play in our nation’s economy, stating that the over 29 million small businesses in the United States: Represent 99.9 percent of all businesses with employees Employ nearly 48 percent of private sector... Read more

  • Operating or Rulemaking? Reviewing SBA’s Opaque Standard Operating Procedure Process
    Posted in Press Releases on November 2, 2017 | Preview rr

    WASHINGTON—Today, Members of the House Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations questioned Joseph Loddo, the Chief Operating Officer at the United States Small Business Administration (SBA), about SBA’s lack of transparency regarding its standard operating procedures (SOPs) process. “SOPs instruct SBA employees how to do their job. They help program participants understand their responsibilities. They clarify laws and regulations,” said Subcommittee ... Read more

  • ICYMI: Tax Reform for the Growing Gig Economy
    Posted in In Case You Missed It on November 1, 2017 | Preview rr

    WASHINGTON—Today, Heidi Pickman, theCommunications and Policy Director of the California Association of Micro Enterprise Opportunity, released an op-ed in support of Chairman Steve Chabot's (R-OH) bill, H.R. 3717, the Small Business Owners' Tax Simplification Act. "As Congress debates tax reform, we hear lots about the middle class, corporations, and the 1 percent, but we haven’t heard much about the gig economy, and we should," stated Heidi Pickman. "What is the gig economy? Do you include ind... Read more

  • Chairman Chabot Celebrates National Veterans Small Business Week
    Posted in Press Releases on October 31, 2017 | Preview rr

    WASHINGTON—Today, Chairman Chabot (R-OH) released the following statement on National Veterans Small Business Week; which is October 30-November 3, 2017: “America’s armed forces not only preserve and protect the homeland, but are also trained with the discipline and leadership necessary to own and operate successful businesses,” said Chairman Steve Chabot (R-OH). “Their dedication and strength from serving their country is evident in the nearly 2.5 million veteran-owned small businesses across t... Read more

  • SBC Sends Letter To Ways & Means Requesting Consideration of H.R. 3717
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON – This week, House Small Business Committee Chairman Steve Chabot (R-OH) sent a letter with Ranking Member Nydia Velázquez (D-NY) to House Committee on Ways and Means Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA) requesting the Committee consider H.R. 3717, the Small Business Owners’ Tax Simplification Act. H.R. 3717 would update the tax code for small businesses, startups, and entrepreneurs. In the letter, Chairman Chabot and Ranking Member Velázquez stated: “The... Read more

  • Financing Through Fintech: Private Sector Solutions in Improving Small Business Capital Access
    Posted in Press Releases on October 26, 2017 | Preview rr
    Tags: Access to Capital

    WASHINGTON—Today, Members of the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access heard from a group of financial technology (fintech) leaders on online lending’s role in improving small business capital access. “The amount of community banks in the United States has fallen dramatically in recent years, and regulations such as Dodd-Frank have made it more difficult for small businesses to acquire loans through traditional means,” said Subcommittee Chairman ... Read more

  • GAO Audit Reveals Half-Measures Taken by Small Business Advocates
    Posted in Press Releases on October 25, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform

    WASHINGTON—Today, Members of the House Small Business Committee Subcommittee on Contracting and Workforce heard from a panel of government officials on the comprehensive audit of the Offices of Small and Disadvantaged Business Utilization (OSDBUs) by the Government Accountability Office (GAO). “In order to protect and preserve the interests of small businesses across the federal government, each agency with procurement powers has its own OSDBU office,” said Subcommittee Chairman Steve Knight (R-... Read more

  • Chairman Chabot Praises Nomination of SBA Inspector General
    Posted in Press Releases on October 18, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform

    WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) praised the White House’s decision to nominate Hannibal “Mike” Ware to serve as the Small Business Administration (SBA) Inspector General: “Acting Inspector General Mike Ware has testified before the Committee several times this year, each time proving that he is a great choice for this position. He has been straightforward and gives the Committee confidence that the SBA OIG will continue to conduct thorough overs... Read more

  • Evaluating the Paperwork Reduction Act
    Posted in Press Releases on October 12, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform, Contracting, Technology

    WASHINGTON—Yesterday, Members of the House Small Business Committee heard from a panel of government officials on how federal agencies are reducing paperwork burdens on small businesses and agency compliance issues with the Paperwork Reduction Act (PRA). “Even though the PRA is supposed to reduce paperwork burdens, small businesses are still faced with an overwhelming amount of paperwork requirements each day,” said Chairman Steve Chabot (R-OH). “In fact, paperwork requirements are costing Ameri... Read more