WASHINGTON—Today, the Committee on Small Business Subcommittee on Contracting and Workforce heard from a panel of witnesses on apprenticeship initiatives—specifically, the Department of Labor Registered Apprenticeship Program, which combines on-the-job learning and related technical instruction. “The Small Business Committee has heard many accounts of the skills gap and its detrimental impact on small businesses and the American economy,” said Subcommittee Chairman Steve Knight (R-CA). “To comba...
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WASHINGTON—Last week, Chairman Steve Chabot (R-OH) and Subcommittee on Economic Growth, Tax, and Capital Access Chairman Dave Brat (R-VA) sent a letter to the Small Business Administration (SBA) Office of Advocacy requesting the office conduct research examining the economic conditions for small business with the rise of occupational licensing. “At a time where small business owners are particularly having a hard time filling vacant positions, we are concerned that occupational licensing laws co...
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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Court of Appeals for the Fifth Circuit ruled the Department of Labor’s (DOL) fiduciary rule “unreasonable.” The rule was an Obama-era regulation that would have limited access to affordable retirement savings advice. “The fiduciary rule was just another example of regulatory overreach during the last Administration. This court decision was a step in the righ...
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WASHINGTON - Yesterday, House Small Business Committee Chairman Steve Chabot (R-OH), Senate Small Business and Entrepreneurship Committee Chairman Jim Risch (R-ID), House Ranking Member Nydia Velázquez (D-NY) and U.S. Senator Jeanne Shaheen (D-NH) applauded the passage of their Small Business 7(a) Lending Oversight Reform Act of 2018 from both the Senate and House small business committees. This bipartisan, bicameral legislation will increase the Small Business Administration’s (SBA) oversight a...
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WASHINGTON— Today, the House Committee on Small Business held a markup to amend the Small Business Act and the Small Business Investment Act. All six bills passed through Committee on bipartisan votes. H.R. 4743, the Small Business 7(a) Lending Oversight Reform Act, introduced by Chairman Steve Chabot (R-OH) H.R 4743 amends the Small Business Act to strengthen the Office of Credit Risk Management within the Small Business Administration. “With the popularity and recent growth of the Small Busine...
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WASHINGTON – This week, Chairman Chabot released the following statement after the U.S. Small Business Administration (SBA) Office of Inspector General (OIG) published a report evaluating SBA’s 7(a) loans made to poultry farmers: “Unfortunately, the report confirms what the Committee already suspected: that there is misuse within the program regarding 7(a) loans made to poultry farmers that began in previous Administrations. OIG found loans made to farmers did not meet the SBA’s regulatory requi...
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WASHINGTON – Today, Chairman Chabot (R-OH) released the following statement after the House passed H.R. 1917, the Blocking Regulatory Interference from Closing Kilns (BRICK) Act: “As Chairman of the Committee on Small Business, I continue to hear from small business owners all across America that compliance with regulations is one of the greatest challenges they face. The regulation at issue in the BRICK Act is one such regulation that is estimated to cost the industry $100 million to comply. I ...
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WASHINGTON—Today, Members of the House Committee on Small Business heard from a panel of stakeholders on the effects of Congress and the President’s regulatory reform and rollback efforts for small businesses and how to improve and lighten the regulatory burden. “Small business owners must navigate what is often a tangled web of complex, confusing, and costly regulations. A start-up company will spend on average over $83,000 in regulatory costs alone in the first year. Small business owners also...
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WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) sent a letter to Marvin Kaplan, Chairman of the National Labor Relations Board (NLRB), expressing his disappointment in the NLRB’s recent vote to reinstate the harmful joint employer rule by vacating the Hy-Brand Industrial Contractors, Ltd. and Brandt Construction Co. decision from December 2017. In the letter, Chairman Chabot said: “For over 30 years, the NLRB used one standard to determine whether two separ...
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WASHINGTON—Today, Members of the Subcommittees on Health and Technology and Agriculture, Energy, and Trade held a joint hearing on the challenges in the current regulatory and operational environment that limit the ability of small carriers to bridge the rural digital divide. “As our world becomes increasingly dependent on a robust telecommunications service and wireless internet, the lack of it in places like American Samoa and rural America becomes even more glaring,” said Subcommittee Chairwo...
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