Access to Capital

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  • President Signs Knight Bill To Ensure Small Businesses Have Access to Capital
    Posted in Press Releases on June 22, 2018 | Preview rr
    Tags: Access to Capital

    WASHINGTON – This week, the President signed H.R. 2333, the Small Business Investment Opportunity Act, introduced by Contracting and Workforce Subcommittee Chairman Steve Knight (R-CA), to increase the amount of leverage made available to small business investment companies (SBICs). “No doubt, access to capital remains one of the biggest obstacles for small business owners in growing their companies. Congressman Knight’s bill will allow small businesses to more easily get the financing they need... Read more

  • President Signs Bipartisan, Bicameral Bill to Ensure Access to Loans for Small Business Owners
    Posted in Press Releases on June 21, 2018 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform

    WASHINGTON – Today, President Trump signed into law a bipartisan, bicameral bill led by House Small Business Committee Chairman Steve Chabot (R-OH), Senator Jim Risch (R-ID), Chairman of the Senate Committee on Small Business and Entrepreneurship, House Ranking Member Nydia Velázquez (D-NY) and Senator Jeanne Shaheen (D-NH). The bill, the Small Business 7(a) Lending Oversight Reform Act, will ensure appropriate oversight of Small Business Administration’s (SBA) flagship loan program and improve ... Read more

  • Rep. Kelly Examines Small Businesses in Rural America
    Posted in Press Releases on June 18, 2018 | Preview rr
    Tags: Tax Reform , Access to Capital, Rural America

    MISSISSIPPI – This afternoon, the House Small Business Committee held a field hearing in Southaven, Mississippi to examine issues facing rural small businesses including access to capital, lack of reliable broadband, and finding qualified employees. Subcommittee Chairman on Investigations, Oversight, and Regulations Trent Kelly (R-MS) said, “Although the economy is getting stronger, rural America is still recovering from the 2008 recession. Today we asked these small business owners to share wit... Read more

  • Senate Passes Bill to Protect Critical Small Business Loan Program
    Posted in Press Releases on June 5, 2018 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform

    WASHINGTON – Today, the Senate passed H.R. 4743, the Small Business 7(a) Lending Oversight Reform Act, to increase the Small Business Administration’s (SBA) oversight authority over the 7(a) Loan Program. The bipartisan and bicameral legislation was introduced by House Committee on Small Business Chairman Steve Chabot (R-OH), and Senate Small Business and Entrepreneurship Committee Chairman Jim Risch (R-ID), and Ranking Member Nydia Velázquez (D-NY) and Jeanne Shaheen (D-NH). “Today’s Senate pas... Read more

  • SBC Examines the Small Business Travel and Tourism Industries
    Posted in Press Releases on May 8, 2018 | Preview rr
    Tags: Tax Reform , Access to Capital, Oversight and Regulatory Reform

    WASHINGTON—Today, Members of the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access heard from a panel of small business owners and industry experts on the economic impact of small businesses in the travel and tourism industries. “According to the United States Travel Association, an impressive 83 percent of businesses in the travel and tourism industries are considered small businesses,” said Subcommittee Chairman Dave Brat (R-VA). “And while small businesse... Read more

  • Chairman Chabot: When Small Businesses are Strong, America is Strong
    Posted in Press Releases on April 30, 2018 | Preview rr
    Tags: Tax Reform , Access to Capital, Oversight and Regulatory Reform, Contracting

    "Every business, no matter the size, started as an idea and there is no doubt that starting a small business takes true grit and courage. It’s my honor to fight on behalf of America’s 30 million small businesses," said Chairman Steve Chabot (R-OH). "Employing nearly 48 percent of the private sector and creating almost 62 percent of new jobs, small businesses truly represent the American innovative spirit. These “mom and pop” shops make our neighborhoods thrive, and without them the economic wel... Read more

  • SBC Examines Mid-Size Businesses: Too Big to be Small, Too Small to be Big
    Posted in Press Releases on April 26, 2018 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform, Contracting

    WASHINGTON – Today, Members of the Committee on Small Business Subcommittee on Contracting and Workforce held a hearing to examine the challenges businesses face when their company surpasses being classified as a small business and enters the mid-tier market. “Mid-size firms are significant job creators and foster much-needed competition for industry leaders,” said Subcommittee Chairman Steve Knight (R-CA). “Unfortunately, mid-size contractors, particularly emergent or newly-graduated firms, fac... Read more

  • Small Business Committee Analyzes American Infrastructure
    Posted in Press Releases on April 25, 2018 | Preview rr
    Tags: Access to Capital, Rural America, Environment

    WASHINGTON—Today, Chairman Steve Chabot (R-OH) convened a full Committee hearing to examine the small business perspective of the development and use of America’s infrastructure. The witnesses delved into how surface transportation and access to broadband promote economic growth among small businesses. “Innovations are transforming the movement of people, goods, and services. But it appears that our current transportation infrastructure system is stuck in a different generation,” said Chairman S... Read more

  • 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

  • Chairman Chabot Supports Bill to Improve Access to Capital
    Posted in Press Releases on April 13, 2018 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform

    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