WASHINGTON—Today, Members of the House Small Business Subcommittees on Investigations, Oversight, and Regulations and Economic Growth, Tax, and Capital Access heard from agency officials from the United States Small Business Administration (SBA) on the SBA’s September 28, 2017 report entitled, “Audit of SBA’s Microloan Program.” “Ultimately, SBA is supposed to make sure that the Microloan Program—a program there to help the littlest of the little guys—is actually fulfilling its purpose. Accordi...
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WASHINGTON – Today, Chairman of the House Committee on Small Business, Steve Chabot, released the following statement after the House overwhelmingly passed a $7.9 billion hurricane relief package in response to Hurricane Harvey: “Unfortunately, this storm took many lives. These storms also devastated people’s businesses, possessions, and homes. They will need financial relief to rebuild,” said Chairman Chabot. “Our Committee is committed to working with our partners at the Small Business Adminis...
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Click image to watch video of Chairman Chabot's floor speech WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) today praised House passage of H.R. 5982, the Midnight Rules Relief Act, bipartisan legislation to give Congress the power to stop, with one vote, all last minute regulations issued by the Obama administration. "Over the last eight years, the Obama administration has gone on a regulatory rampage," Chairman Chabot said in his speech on the House floor. "For each y...
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15 Things That Remind You How Long It's Been Since The Last Major Tax Reform The tax code hasn't been overhauled since 1986 under President Ronald Reagan. That was nearly 30 years ago! A lot has changed since then. See for yourself with these 1986 throwbacks. 1. The Legend of Zelda was released by Nintendo. The Halo of its generation. 2. Ferris Bueller took the day off. Hooky at its finest. 3. The Chicago Bears won the Super Bowl. "They calllllll him 'The Fridge'" 4. Robert Palmer topped t...
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An Opportunity Economy Starts with Small Business Small businesses are failing faster than they're starting up. Here's why that needs to change--and what we can do to make it happen. By Rep. Steve Chabot Running a small business is a tough job. As any entrepreneur knows, you often wear many hats. No matter your title, at some point you will act as your own tax accountant, marketing executive, regulatory expert, fundraiser, and human resources supervisor. Yet throughout our history, American ent...
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On Monday, Small Business Committee Chairman Steve Chabot (R-OH) hosted Small Business Administrator Maria Contreras-Sweet on a walking tour of Cincinnati to meet with local small businesses. Chabot and the Administrator visited businesses in the Over-the-Rhine community, met with startups at the Brandery, a local business accelerator, and then hosted a small business round table at the Cincinnati Chamber of Commerce. Small business roundtable w @MCS4Biz & @RepSteveChabot discussing access to c...
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Small Business and Politics: How Did Graves Do? By JOYCE M. ROSENBERG, AP Business Writer Small companies were still reeling from the recession in 2011 when Sam Graves became chairman of the House Small Business Committee. As the Missouri Republican prepares to leave his post, small business has a higher profile, partly because of the committee's legislation on issues like federal contracts and its more than 200 hearings. "I think he's had a pretty good record," says Todd McCracken, president of...
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Congressional Quarterly: Graves: SBA Rule Change Would Hurt Small Businesses November 19, 2014 By Shawn Zeller House Small Business Committee Chairman Sam Graves and the Small Business Administration are quarreling again over a new administration move to increase the size of firms eligible for government contracts set aside for small companies. Graves, R-Mo., wrote this month to Khem R. Sharma, the chief of the SBA’s size standards division, to protest the agency’s proposal in September to allow...
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Congressional Quarterly: Small Business Exchanges Find Few Customers So Far, Study Shows November 13, 2014 By John Reichard Only 76,000 people working for 12,000 small employers were covered through plans offered by the health law’s small business exchanges as of June, the Government Accountability Office reported Thursday. That figure – reflecting 18 state-based small business exchanges – is vastly lower than Congressional Budget Office projections, said House Small Business Committee Chairman ...
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Bloomberg BNA: House Republican Challenges IRS on Complicated ACA Forms By Brett Fergusen October 8, 2014 Oct. 8 (BNA) - Draft forms and instructions for compliance with the Affordable Care Act are long and confusing, presenting tax preparers for small businesses with daunting new tasks, the chairman of the House Small Business Committee told IRS Commissioner John Koskinen. Rep. Sam Graves (R-Mo.) asked for an accounting by Oct. 22 of what the tax agency is doing to help. In an Oct. 8 letter, Gr...
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