Chabot Hails Passage of Accelerating Access to Capital Act
WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement about House passage of H.R. 2357, the Accelerating Access to Capital Act, legislation which will help entrepreneurs raise capital to start and grow their small businesses:
“Access to capital remains a critical issue for America’s 28 million small businesses. Many of our existing laws and federal regulation make access to capital more difficult for small businesses than for large businesses. HR 2357 takes a great step in addressing this problem. By clarifying the law in a way that allows small businesses to raise capital through limited, smaller scale, non-public offerings, we are cutting through some of the red tape that has kept new investors just out of reach from a lot of our small businesses. The federal government’s regulatory approach cannot be one-size-fits-all, especially where small businesses are concerned. This legislation addresses the unfair and unsustainable share of the federal regulatory burden that our small businesses carry.”
Chairman Chabot has made improving access to capital a top priority of the Small Business Committee in the 114th Congress.
The House has passed legislation authored by Chairman Chabot including the Small Business Regulatory Flexibility Improvements Act and the Helping Angels Lead Our Startups (HALOS) Act.
Chabot and House Republicans crafted a policy agenda earlier this year to reduce the regulatory burden on small businesses as part of A Better Way to Grow our Economy.