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In a Major Win for Main Street, the House Committee on Small Business Reports Eight Bills Favorably to the House

Committee Reports Eight Bills Favorably to the House

Washington, July 18, 2023

WASHINGTON, D.C. – Today, Congressman Roger Williams (R-TX), Chairman of the House Committee on Small Business, led a full Committee on Small Business markup where all eight bills considered were passed by the Committee. Chairman Williams issued the following statement after concluding today’s markup.

“The bills that were marked up today truly reflect this Committee’s dedication to solving the issues facing America’s small businesses,” said Chairman Williams. “I am glad our Members came together to offer solutions that will have a positive impact on Main Street America. I thank my colleagues on both sides of the aisle for their hard work advocating on behalf of our nation’s job creators.”

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H.R. 4666 – A bill to require the SBA OIG to submit quarterly reports on PPP/EIDL fraud – introduced by Reps. Bean and Mfume.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill requires that the Inspector General of the SBA submit a report to Congress every quarter for two years that provides updated information concerning the ongoing fraud investigations of PPP and EIDLs.

H.R. 4667 – The “RECLAIM Taxpayer Funds Act” – introduced by Reps. Salazar and McGarvey.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill incorporates recommendations from the SBA Office of Inspector General (OIG) Report 23-08, Serious Concerns Regarding the Return of Paycheck Protection Program Funds, to require action by the SBA to ensure it has processes and procedures in place to adequately accept, process, and account for PPP funds returned by borrowers, lenders, and financial institutions.

H.R. 4480 – The “SERV ACT” – introduced by Reps. Davids and Alford.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill requires a Government Accountability Office report on veteran small business owners’ access to capital. It also requires the Interagency Task Force on Veterans Small Business Development to develop an outreach plan for programs veterans can access as they return to civilian life, like SBA’s Boots to Business program. Finally, the bill requires the task force to report annually to Congress on its appointments and outreach plan.

H.R. 4670 – The “Small Business Contracting Transparency Act of 2023” – introduced by Reps. Houlahan, Scholten, and Stauber.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill requires the SBA to provide a report on certification activities and contract awards within the Women’s Owned Small Business (WOSB), HUBZone (Historically Underutilized Business Zones), and Service-Disabled Veteran Owned Small Business (SDVOSB) programs.

H.R. 4668 – The “POST IT Act” – introduced by Rep. Molinaro.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill will create a centralized location to find guidance documents and updated policy directives so businesses will know where to go to find all information on how to comply with a regulation.

H.R. 4669 – The “DOE and SBA Research Act” – introduced by Rep. LaLota.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill allows for SBA and the Department of Energy’s National Laboratories to enter into a Memorandum of Understanding (MOU) or other agreement to carry out research and development in support of the missions of the National Labs and SBA.

H.R. 4671 – The “Corrective Action Report Oversight and Accountability Act” – introduced by Reps. Gluesenkamp Perez and Meuser.

  • Adopted and Reported Favorably to the House: 26 Yea, 0 Nay.
  • This bill clarifies the kinds of information regarding contracting goals that agencies submit in annual reports. It also requires agencies to include their views on what worked and what did not work in their effort to increase small business contracting.

H.R. 3995 – The “Small Business Regulatory Reduction Act” – introduced by Rep. Van Duyne.

  • Adopted and Reported Favorably to the House: 14 Yea, 12 Nay.
  • This bill requires the Small Business Administration (SBA) to ensure that for each fiscal year, the cost to small businesses of the administration’s rulemaking (including the modification or repeal of a rule) is not greater than zero.

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