Press Releases

Chabot Hails the Passage of 6 Bipartisan Small Business Bills through Committee

f t # e
Washington, March 14, 2018 | comments

WASHINGTON— Today, the House Committee on Small Business held a markup to amend the Small Business Act and the Small Business Investment Act. All six bills passed through Committee on bipartisan votes.

H.R. 4743, the Small Business 7(a) Lending Oversight Reform Act, introduced by Chairman Steve Chabot (R-OH)

H.R 4743 amends the Small Business Act to strengthen the Office of Credit Risk Management within the Small Business Administration.

“With the popularity and recent growth of the Small Business Administration’s (SBA) 7(a) Loan Program, this bill will ensure the integrity of the program while protecting taxpayer dollars,” said Chairman Chabot.

Passed by voice vote.

H.R. 3170, the Small Business Development Center Cyber Training Act, introduced by Chairman Chabot

H.R. 3170 amends the Small Business Act to provide cyber certification for Small Business Development Center counselors.

“The ability to withstand a cyberattack in today’s highly technological world is imperative for small businesses. H.R. 3170 is a step in the right direction to ensure that small business owners have access to trained cybersecurity professionals in case they are hacked,” said Chairman Chabot.

Passed by voice vote.

H.R. 4668, the Small Business Advanced Cybersecurity Enhancements Act, introduced by Chairman Chabot

H.R. 4668 amends the Small Business Act to provide for the establishment of an enhanced cybersecurity assistance and protections for small businesses.

“The federal government should work hand-in-hand with small businesses on cybersecurity matters,” said Chairman Chabot.This bill aims to increase the defensive measures available for small businesses undergoing or concerned about a cyber attack and to incentivize more information sharing between the private sector and the federal government.”

Passed by voice vote.

H.R. 2655, the Small Business Innovation Protection Act, original cosponsored by Rep. Brian Fitzpatrick (R-PA)

H.R. 2655 amends the Small Business Act to expand intellectual property education and training for small businesses.

“Small businesses rely on intellectual property rights like patents, trademarks, and copyrights to protect their ideas and products. These essential property protections promote entrepreneurship and innovation. Unfortunately, many small business owners lack the knowledge, expertise, and resources to secure their intellectual property both here at home and abroad,” said Congressman Brian Fitzpatrick (R-PA). “The Small Business Innovation Protection Act will help small businesses leverage existing educational programs to protect their intellectual property from domestic and international harm. I’m proud to support this common sense measure.”

Passed by voice vote.

H.R. 5236, the Main Street Employee Ownership Act, as well as H.R. 5178, the Puerto Rico Small Business Contracting Act, both introduced by Ranking Member Nydia Velázquez, also passed the Committee today.

To watch the full committee markup, click here.



f t # e