Health

WASHINGTON – Today, Chairman Steve Chabot (R-OH) and Subcommittee Chairmen Rod Blum (R-IA), and Trent Kelly (R-MS) sent a letter to the Honorable R. Alexander Acosta, Secretary of the United States Department of Labor and Ms. Loren Sweatt, Deputy Assistant Secretary to the Occupational Safety and Health Administration (OSHA), requesting a thorough review of the regulation and analysis of OSHA’s Cranes and Derricks in construction regulation and its impact on small businesses, as required by the ... Read more

WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) released a statement about the Committee’s ongoing inquiry with the Internal Revenue Service (IRS) regarding the agency’s enforcement of the Affordable Care Act’s (ACA) employer mandate and its effect on America’s small businesses. “After receiving additional data and information from the IRS, it’s clear that small businesses are still suffering from Obamacare. While the IRS, like other federal agencies, is ob... Read more

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement on the Department of Labor’s (DOL) new rule on Association Health Plans: “Today’s actions by the Department of Labor are a life raft to the 30 million American small businesses and startups struggling with the burdensome regulations Obamacare imposed on them. I applaud Secretary Acosta and the Trump Administration for expanding access to Association Health Plans (AHPs), thus allowing... Read more

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

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the Department of Labor(DOL) published a proposed rule expanding the definition of “employer” to allow more small business employees and sole proprietors to access health insurance through Small Business Health Plans (also known as Association Health Plans): “While the tax reform package Congress passed and the President signed into law in December effectively ended the burdens... Read more

WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) sent a letter to David Kautter, Acting Commissioner of the Internal Revenue Service (IRS), requesting more information about the IRS’s recent enforcement of the Affordable Care Act (ACA) employer mandate. While ACA exempted businesses with 50 or fewer employees from the employer mandate, businesses with 51 or more employees who work 30 or more hours a week were classified as applicable large employers and were... Read more

WASHINGTON - Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement upon House passage yesterday of H.R. 3441, the Save Local Business Act, legislation that will reverse an Obama-era scheme that threatens small businesses. Chairman Chabot is an original co-sponsor of the bill and, earlier this year, sent a letter to the House Education and Workforce Committee in support of H.R. 3441. “Small businesses have been hurting under this rule for years and... Read more

WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) and Vice-Ranking Member Alma Adams (D-NY) held a roundtable to discuss private sector entrepreneurial development programs, and, specifically, the Goldman Sachs 10,000 Small Businesses initiative. Participants included Goldman Sachs executives, Community Development Financial Institution lenders, and small business owners who have utilized the entrepreneurial development program. The 10,000 Small Businesses program h... Read more

CINCINNATI – Today, Small Business Administration (SBA) Administrator Linda McMahon, and House Committee on Small Business Chairman Steve Chabot (R-OH), visited Cincinnati manufacturer Faxon Machining for a tour of the facility and for a roundtable discussion with several local small businesses. “I take every opportunity I can to hear straight from small businesses about what is working or what barriers they are still facing in the current economy. Not surprisingly, a majority of the businesses ... Read more

Entrepreneurship is on the decline. This may come as a surprise with the popularity of shows such as “Shark Tank.” But between 2010 and 2014, only about 165,000 new businesses were started, compared with almost half a million new businesses between 1992 and 1996. Perhaps more surprisingly, millennials are starting even fewer businesses than previous generations. Why are innovators – particularly Millennials – reluctant to start their own company? The recent recession coupled with barriers such a... Read more