Oversight and Regulatory Reform

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  • Chairman Chabot Applauds the Department of Labor Taking First Steps to Address Harmful Overtime Rule
    Posted in Press Releases on July 26, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform, Workplace Issues

    WASHINGTON – This week, the Department of Labor invited stakeholders to submit public comments on the overtime rule. The rule, put in place by the Department of Labor during the Obama Administration in May 2016, was delayed by a federal judge in December 2016. The public will have 60 days to comment whether the rule will have an adverse effect on low-wage regions and industries. House Small Business Committee Chairman Steve Chabot (R-OH) released the following statement following this news: “Thi... Read more

  • How Can We Reverse the Entrepreneurship Decline?
    Posted in Press Releases on July 19, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Oversight and Regulatory Reform

    WASHINGTON – Today, the House Small Business Committee heard from industry experts on the challenges facing entrepreneurs and how the success of our small businesses have a major effect on the strength of our economy. “New and small businesses create the majority of our nation’s jobs and spur innovation. However, since the Great Recession, there has been a significant decline in entrepreneurship, which may in part explain the slow economic growth experienced in America today,” said House Small B... Read more

  • Small Business Committee Requests a Briefing about Recent CFPB Rulemaking Actions
    Posted in Press Releases on July 11, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform

    WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) sent a letter yesterday to the Honorable Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), requesting a briefing on the CFPB’s recent rulemaking actions. “Small business owners frequently raise concerns to the Committee about the challenges of access to capital and how it prohibits job creation and business expansion. As Congress looks for ways to create an environment for small businesses to flo... Read more

  • Chairman Chabot Statement on WOTUS Rule
    Posted in Press Releases on June 28, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform

    WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) released the following statement after the Trump Administration withdrew the Waters of the United States (WOTUS) rule this week: “I applaud President Trump’s decision to repeal the WOTUS rule, which has been devastating to entrepreneurs and small businesses across the country. Washington should not have control over all our country’s waterways – especially when they directly affect the livelihood of so many farmers and entr... Read more

  • Chairman Chabot in The Hill: Business accelerators: Entrepreneurs helping entrepreneurs
    Posted in Op-Eds on May 3, 2017 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform, Technology

    Business accelerators: Entrepreneurs helping entrepreneurs Chairman Steve Chabot (R-OH) The Hill May 3, 2017 In National Statuary Hall, located in the heart of the U.S. Capitol building, there is a statue of the great American innovator, Thomas Alva Edison. It was placed there by my fellow Ohioans in recognition of the life work of one of our state’s native sons. The statue depicts Edison holding his most famous invention, which changed the world and illuminates the world to this day: the light... Read more

  • Paper Cuts: Reducing the Paperwork Burden on Small Businesses
    Posted in Press Releases on March 29, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform

    WASHINGTON – Today expert witnesses told the House Small Business Committee that federal paperwork requirements are costing America’s small businesses valuable man hours and money. The hearing focused on the effectiveness of the Paperwork Reduction Act (PRA) and explored possible ways to reduce the paperwork burden on small businesses. “While the burden of federal paperwork is felt year round by individuals and small businesses, there is no more relevant time to discuss federal paperwork than in... Read more

  • The Future of America’s Small Family Farms
    Posted in Press Releases on March 23, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Oversight and Regulatory Reform, Rural America

    Dodd-Frank, Death Tax and the Regulatory Assault on Small Family Farms WASHINGTON – Small family farmers told the House Small Business Committee’s Subcommittee on Agriculture, Energy, and Trade today that capital access restrictions, the death tax and overregulation pose significant challenges to the future of America’s family farms. “Small farms have always been a part of our nation’s fabric, and it cannot be stressed enough that the small family farm is a small family business,” said Subcommi... Read more

  • Making Washington Work for America’s Small Businesses
    Posted in Press Releases on March 22, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital, Oversight and Regulatory Reform

    Small Business Owners Sound Off on Obamacare, Regulations, Taxes WASHINGTON – Today small business owners told the House Small Business Committee that Obamacare’s mandates, as well as overregulation and the current tax code, are having a devastating effect on their businesses, employees and customers. “These issues are important because too often, small businesses get the short end of the stick which is counterproductive to the economic health of our nation,” explained House Small Business Comm... Read more

  • Small Business Committee Examines SBA’s 7(a) Loan Program
    Posted in Press Releases on March 9, 2017 | Preview rr
    Tags: Access to Capital, Oversight and Regulatory Reform

    Popular Program Helps Entrepreneurs Access Early Capital WASHINGTON – Today the House Small Business Committee’s Subcommittee on Investigations, Oversight and Regulations examined the successes of the U.S. Small Business Administration’s (SBA) 7(a) loan program, as well as potential opportunities to strengthen and improve the program. The 7(a) loan program is the SBA’s most common loan program, which made 64,000 loans in FY2015, totaling $24.1 billion. Today’s hearing was the first in a series o... Read more

  • Small Business Committee Approves FY 2018 Views and Estimates
    Posted in Press Releases on March 1, 2017 | Preview rr
    Tags: Oversight and Regulatory Reform

    WASHINGTON—Today, the House Small Business Committee unanimously approved its Views and Estimates for the FY 2018 budget. The Views and Estimates markup is an important step in the budget process in which House Committees set the funding priorities for the federal agencies within their jurisdiction. “Over the past several years, this Committee has identified numerous issues that have prevented the SBA from playing its vital role in helping small businesses grow our economy,” said Chairman Chabot... Read more