Access to Capital

Luetkemeyer: "Competition and the Small Business Landscape: Fair Competition and a Level Playing Field"

| Posted in Opening Statements

WASHINGTON, D.C. - Today, the House Small Business Committee is holding a full hybrid hearing on the “Competition and the Small Business Landscape: Fair Competition and a Level Playing Field.” Ranking Member Blaine Luetkemeyer's opening statement as prepared for delivery: Thank you again, Madam Chair, for the opportunity to honor the memory of Mr. Hagedorn. I would also like to thank…

Witnesses Provide Feedback on SBA’s 504/CDC Loan Program

| Posted in Press Releases

WASHINGTON – Today, the House Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations heard from a panel of witnesses on the Small Business Administration’s (SBA) 504/CDC Loan Program. “The Small Business Administration’s 504/CDC Loan Program is one of the most important and unique access to capital tools available to small businesses.  This…

Opportunity Zones Provide Potential for Small Businesses and Communities

| Posted in Press Releases

WASHINGTON – Today, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access heard from a panel of investment and policy experts on the potential benefits and improvements for the opportunity zone program as it relates to small businesses. “As a way to jumpstart economically distressed areas of the nation, the Tax Cuts and Jobs Act included a…

Ranking Member Chabot Discusses Opportunity Zones with Cincinnati Leaders, SBA Regional Administrator Rob Scott

| Posted in Press Releases

WASHINGTON – House Committee on Small Business Ranking Member Steve Chabot (R-OH) released the following statement after participating in a Small Business Administration roundtable on Opportunity Zones yesterday:  “Included in the Tax Cuts and Jobs Act, Opportunity Zones provide tremendous potential for small businesses to revitalize Main Streets across America.  Small…

SBIC Program Helps Bridge Equity Gap for Small Businesses

| Posted in Press Releases

WASHINGTON – Today, the House Committee on Small Business heard from government and private sector witnesses about the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program. “From my state of Ohio to Florida, and from coast to coast, small businesses are participating in the SBA’s programs to build, grow, and create jobs for our nation.  One option…

Small Business Committee Passes Four Bipartisan Bills to Support Entrepreneurs

| Posted in Press Releases

WASHINGTON – Today, the House Committee on Small Business held a markup of legislation to reauthorize Small Business Administration (SBA) Entrepreneurial Development programs that serve America’s small business owners.  All four bills passed through Committee by voice vote. “The Small Business Administration’s Entrepreneurial Development programs provided vital resources to…

Ranking Member Hern Opening Statement at Hearing on 7(a) Loan Program Budget Proposal

| Posted in Press Releases

Ranking Member Hern Opening Statement at Hearing on 7(a) Loan Program Budget Proposal WASHINGTON - Today, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access met for a hearing titled "SBA 7(a) Budget Proposal and the Impact of Fee Structure Changes." Ranking Member Kevin Hern (R-OK) delivered the following opening statement:  Remarks…

Ranking Member Chabot Introduces Bill to Help Entrepreneurs Access Early Capital

| Posted in Press Releases

Ranking Member Chabot Introduces Bill to Help Entrepreneurs Access Early Capital WASHINGTON - Today, House Small Business Committee Ranking Member Steve Chabot (R-OH) reintroduced H.R. 1909, the Helping Angels Lead Our Startups (HALOS) Act, bipartisan legislation to increase investment in America’s startups.  Specifically, this bill clarifies the definition of angel investor groups…

Small Business Committee Monitors Progress of SBA Microloan Program Reforms

| Posted in Press Releases

Small Business Committee Monitors Progress of SBA Microloan Program Reforms WASHINGTON – Today, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access met for a hearing titled, “Small but Mighty: A Review of the SBA Microloan Program.”  Ranking Member Kevin Hern (R-OK) delivered the following opening statement: Remarks as Prepared for…

Ranking Member Chabot Looks to Ensure Entrepreneurial Resources are Effective

| Posted in Press Releases

Ranking Member Chabot Looks to Ensure Entrepreneurial Resources are Effective Washington – The House Committee on Small Business met today for a hearing titled, “Supporting America’s Startups: Review of SBA Entrepreneurial Development Programs.”  Ranking Member Steve Chabot (R-OH) delivered the following opening statement: Remarks as Prepared for Delivery Time and again, this…