Press Releases

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  • Small Business Committee Examines Report on SBA 7(a) Loans to Poultry Farmers
    Posted in Press Releases on April 18, 2018 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform

    WASHINGTON – Today, Chairman Steve Chabot (R-OH) and the House Committee on Small Business heard from agency officials from the United States Small Business Administration (SBA) on the SBA Office of the Inspector General’s (OIG) March 6, 2018 report entitled, “Evaluation of SBA 7(a) Loans Made to Poultry Farmers.” “The subject of today’s hearing is further justification that more oversight of the SBA is needed to ensure that taxpayer dollars are preserved for small businesses that cannot qualify... Read more

  • Out With the Old, In With the New (Tax Code)
    Posted in Press Releases on April 17, 2018 | Preview rr

    Today marks the end of an era—an era of high taxes and a complicated tax code that has burdened small business owners and hardworking Americans for decades. Today will be the last day Americans file their taxes under the old and broken tax code. That’s right, because the Republican Congress worked with President Trump and his Administration, Congress overhauled the 31-year-old tax code and unleashed an economic revival across our nation. American small businesses employ about half the private se... Read more

  • Chabot Applauds FCC and Commerce Department's Actions Against Nefarious State-Sponsored Foreign Businesses
    Posted in Press Releases on April 16, 2018 | Preview rr

    WASHINGTON--Today, Chairman Steve Chabot (R-OH) released the following statement on the Federal Communications Commission (FCC) and Department of Commerce's actions against state-sponsored foreign businesses: “As Chairman of the House Small Business Committee, I have long held concerns that China’s state-backed telecommunications firms pose a significant threat to America’s hardworking small businesses. There is little question that China’s telecoms firms undermine America’s interests—this is a ... Read more

  • Chairman Chabot Supports Bill to Improve Access to Capital
    Posted in Press Releases on April 13, 2018 | Preview rr

    WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) helped pass H.R. 4790, the Volcker Rule Regulatory Harmonization Act to roll back the Volcker Rule, a burdensome and harmful regulation created under the onerous Dodd-Frank Act. Specifically, H.R. 4790 would exclude community banks from the Volcker Rule by raising the compliance threshold to $10 billion in consolidated assets, exempting them from regulations intended for large investment banks engaged in speculati... Read more

  • Connecting Small Businesses with their Communities
    Posted in Press Releases on April 12, 2018 | Preview rr
    Tags: Taxes, Health, Access to Capital, Energy, Oversight and Regulatory Reform, Rural America, Contracting, International Trade, Workplace Issues, Technology, Disaster Assistance, Environment

    WASHINGTON – Today, Members of the Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations heard from a panel of experts on entrepreneurial development and the interdependent relationship between a community and small businesses. “With 29.6 million small businesses employing 47.8 percent of the workforce, small business success is essential to the economic well-being of both individual communities throughout the country as well as our nation overall. While there ar... Read more

  • The State of Trade for America’s Small Businesses
    Posted in Press Releases on April 11, 2018 | Preview rr

    WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the House Committee on Small Business heard from a panel of stakeholders on the state of international trade for America’s 30 million small businesses. “We must do more to make it easier for small businesses to engage in foreign markets. About one percent of United States small businesses export—around 300,000 of them and, in 2016, exports reached 2.2 trillion dollars and supported nearly 11.5 million jobs,” said Chairman Chabot. “Simply put, tr... Read more

  • Chabot Pushes for Comprehensive Package of Small Business Bills in FY19 NDAA
    Posted in Press Releases on April 11, 2018 | Preview rr

    WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) addressed Members of the House Armed Services Committee on behalf of America’s 30 million small businesses and pushed for 13 bipartisan bills to be included in this year’s National Defense Authorization Act (NDAA). “I am here today to support the inclusion of thirteen small business bills in this year’s National Defense Authorization Act. Each of them is critical to ensuring a robust defense industrial base… “Our na... Read more

  • Chairman Chabot Applauds Administration’s Memo to Improve Inefficient Permitting Reviews
    Posted in Press Releases on April 10, 2018 | Preview rr

    WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH), released the following statement on the Administration’s Memorandum of Understanding (MOU) to expedite infrastructure project approvals. “Small businesses and contractors across America can now breathe a huge sigh of relief knowing that this Administration continues to work on their behalf. For too long the burden of federal permitting has cast a shadow on entrepreneurs, small contractors, and innovators. I applaud... Read more

  • House Committee on Small Business Recognizes SBDC Day
    Posted in Press Releases on March 21, 2018 | Preview rr
    Tags: Access to Capital

    WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) and Ranking Member Nydia Velazquez (D-NY) recognized Small Business Development Center (SBDC) Day. SBDC’s offer counseling, training and technical assistance in all aspects of business creation and management. “SBDC’s began in 1976 with only eight participating universities. Today, the program is the largest and most utilized entrepreneurial development program, boasting over 1,000 centers across the country, within ... Read more

  • Chairman Chabot Supports Knight Bill to Ensure Small Contractors Get Paid Quickly
    Posted in Press Releases on March 20, 2018 | Preview rr
    Tags: Access to Capital, Contracting

    WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement in support of Subcommittee Chairman on Contracting and Workforce Steve Knight’s (R-CA) bill, the Accelerated Payments for Small Businesses Act, encouraging federal agencies to make payments to small business prime contractors within 15 days of sending an invoice: “While the Office of Management and Budget's (OMB) accelerated policy of making sure small businesses get paid by the fe... Read more