International Trade

WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) and Members of the Committee welcomed Amazon and several small businesses that sell on that platform to a roundtable discussion with Committee Members. “I thank Amazon and the businesses for their insight into how e-commerce has given these small businesses a platform to not only sell their goods, but sell their products around the world. It wasn’t surprising to me that small businesses make up more than half of A... 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, Chairman Steve Chabot (R-OH) and the House Committee on Small Business heard from a panel of stakeholders on the state of international trade for America’s 30 million small businesses. “We must do more to make it easier for small businesses to engage in foreign markets. About one percent of United States small businesses export—around 300,000 of them and, in 2016, exports reached 2.2 trillion dollars and supported nearly 11.5 million jobs,” said Chairman Chabot. “Simply put, tr... 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

WASHINGTON – Today, the House Small Business Committee examined the Trade Promotion Coordinating Committee (TPCC) and its efforts to partner with federal, state, and local trade promotion agencies to help provide small businesses with the tools they need in a global marketplace and create new jobs in the United States. “Unfortunately, many small businesses consider exporting to be out of reach because they believe it is either too expensive or they don’t know how to find overseas customers. Othe... Read more

WASHINGTON – Today, the House Small Business Committee heard from the Small Business Administration (SBA) about its ongoing efforts to help small businesses participate in the international marketplace. Peter Cazamias, the Associate Administration of the Office of International Trade, testified on behalf of the SBA. “There is no question that foreign markets hold incredible opportunities for America’s small businesses. Ninety-five percent of all consumers live outside the borders of the United S... Read more

WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) sent a letter yesterday to the Honorable Gene Dodaro, Comptroller General of the United States at the Government Accountability Office (GAO) requesting he examine the Small Business Administration’s (SBA) Office of International Trade’s (OIT) State Trade and Export Promotion (STEP) Grant Program. “Because it is a grant-making program, the Committee wants to ensure that taxpayer-funded grants are being spent appropriately. I... Read more

Small Business Cybersecurity Hearing Set for TOMORROW WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-Ohio) made the following statement on the announcement that a Chinese cellphone equipment company will plead guilty to charges that it violated sanctions restricting technology sales to Iran. The announcement from the Departments of Commerce and Justice that the company, ZTE, will pay a $1 billion settlement to the U.S. government comes the day before the Small Business Comm... Read more