Press Releases

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  • Occupational Hazards: How Excessive Licensing Hurts Small Business
    Posted in Press Releases on February 27, 2018 | Preview rr

    WASHINGTON – Today, Subcommittee Chairman Dave Brat (R-VA) and the Subcommittee on Economic Growth, Tax, and Capital Access held a hearing on occupational licensing and its excessive impact on American small businesses. “The percentage of the workforce that requires an occupational license has increased from less than 5 percent in the 1950s to almost 33 percent today,” said Subcommittee Chairman Dave Brat. “But one of the most telling statistics about licensing is that while there are 1,100 occu... Read more

  • Examining How One-Size-Fits-All Regulations Affect Community Banks and Credit Unions
    Posted in Press Releases on February 27, 2018 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform

    WASHINGTON – Today, Chairman Steve Chabot (R-OH) and the Committee on Small Business held a hearing to examine how red tape and bureaucracy affect community banks and credit unions. Specifically, Committee Members examined a Government Accountability Office (GAO) report that identified a number of financial regulations that hurt smaller financial institutions. “The local community bank and the neighborhood credit union play an outsized role in lending to small businesses. This relationship betwe... Read more

  • Workforce Development: Closing the Skills Gap
    Posted in Press Releases on February 26, 2018 | Preview rr

    WASHINGTON—Today, Members of the House Committee on Small Business attended a field hearing in Newportville, Pennsylvania to hear from stakeholders about how federal programs help or hinder workforce development initiatives aimed at supporting small business. “Even in this time of economic growth, many small businesses across numerous industries are struggling to find qualified workers. If left unaddressed, this ‘skills gap’ will not only impact businesses and workers, but lead to significant ec... Read more

  • Restoring Rural America
    Posted in Press Releases on February 15, 2018 | Preview rr
    Tags: Rural America

    WASHINGTON—Today, Subcommittee Chairman Rod Blum (R-IA) and the Subcommittee on Agriculture, Energy, and Trade heard from a panel of witnesses who are driving agricultural entrepreneurship and innovation. “Agricultural innovations and technologies (agritech) have the ability to increase farm productivity, reduce resource use, and boost profits,” said Subcommittee Chairman Rod Blum. “Agritech entrepreneurship activity is also spurring rural revitalization with agritech initiatives in America’s He... Read more

  • Private Sector Options for Small Business
    Posted in Press Releases on February 14, 2018 | Preview rr
    Tags: Access to Capital

    WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the Committee on Small Business heard testimony from Steven Strongin, Head of the Global Investment Research Division at Goldman Sachs, and two small business entrepreneurs. Both J.R. Foster, President and CEO of the Robert Louis Group, and Jessica Johnson-Cope, President of Johnson Security Bureau, Inc., are graduates of the Goldman Sachs 10,000 Small Businesses program. “Our small businesses — the true engines of our economy — unfortunately co... Read more

  • Chairman Chabot Testifies at Ways and Means Hearing on Tax Bill
    Posted in Press Releases on February 1, 2018 | Preview rr
    Tags: Taxes

    WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot testified in front of a House Ways and Means subcommittee at a hearing on ways to improve tax administration. Specifically, he spoke on legislation he introduced, H.R. 3717, the Small Business Owners’ Tax Simplification Act. “H.R. 3717 takes simple common sense steps to reform how taxes are administered. Among the many reforms outlined in the bill, H.R. 3717 would realign estimated tax payment deadlines, which cause ... Read more

  • Chairman Chabot’s Statement on President Trump’s State of the Union
    Posted in Press Releases on January 31, 2018 | Preview rr

    WASHINGTON—House Committee on Small Business Chairman Steve Chabot released the following statement on President Trump’s State of the Union: “As the President said, our nation is a nation of builders. As Chairman of the House Committee on Small Business, I hear every day from the builders of America’s 29 million small businesses. They’re optimistic about deregulation, lower taxes, and the ability to create more jobs for their communities and fellow Americans. I look forward to working side by si... Read more

  • Safeguarding Small Business Cybersecurity
    Posted in Press Releases on January 30, 2018 | Preview rr
    Tags: Technology

    WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the Committee on Small Business heard testimony from Howard Marshall, Deputy Assistant Director of the Cyber Division of the Federal Bureau of Investigation (FBI) and Richard Driggers, the Deputy Assistant Secretary of the Office of Cybersecurity and Communications, National Protection and Programs Directorate, at the United States Department of Homeland Security (DHS), on the federal government’s role in providing support to America’s 29 millio... Read more

  • Chairman Chabot Says New Tax Withholding Guidance A Win For Small Business Employees
    Posted in Press Releases on January 18, 2018 | Preview rr

    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 en... Read more

  • Engaging Energy: How the Energy Department is Helping Small Businesses
    Posted in Press Releases on January 18, 2018 | Preview rr

    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 cor... Read more