| Weekly Update from Sam |
|
Friends:
One of the top priorities for the new Republican Majority is eliminating poorly-conceived federal regulations that create hurdles for American business owners. As part of this goal, the House Small Business Committee on Wednesday took an in-depth look at one of the most devastating regulations scheduled to hit small businesses in 2012: the health care law’s 1099 reporting mandate.
During our hearing, Buried in Paperwork: A 1099 Update, Committee Members heard testimony from four small business owners from Colorado, Kentucky, Maryland and North Carolina. Each entrepreneur described the strain that this mandate would put on their businesses, and expressed worry that one more unmanageable regulation could push them into failure. Needless to say, they all strongly opposed the 1099 reporting mandate and urged its immediate repeal.
Although the economy may be showing signs of recovery, the business owners who testified at our hearing illustrated how regulations like this one force them to focus on paperwork instead of creating jobs and growing their business. I encourage you to take a moment to read their stirring testimonies on our website.
Sam Graves
Chairman
|
| Latest Committee Action |
|
On Wednesday, the House Small Business Committee held its first full committee hearing to examine the harmful impact of the health care law’s 1099 reporting mandate on small businesses. The hearing, titled Buried in Paperwork: A 1099 Update, featured testimony from Representative Daniel Lungren (R-CA) and four small business owners from North Carolina, Colorado, Maryland and Kentucky. To read more about the hearing, click here.
Next Wednesday, February 16th, the House Small Business Committee will hold a full committee hearing entitled Putting Americans Back to Work: The State of the Small Business Economy. During the hearing, the Committee will examine tax, regulatory and health care policies that are inhibiting small business job creation and economic growth. More information is available here.
Remember, you can stay up-to-date on the latest Small Business Committee news by following us on Twitter @SmallBizGOP.
|
| News from Washington |
|
Today, the House approved H.Res. 72, a resolution directing certain Committees, including the House Small Business Committee, to review existing, pending and proposed regulations with respect to their effect on jobs and economic growth. H.Res. 72 passed the House with bipartisan support.
House Small Business Committee Members led debate on H.Res. 72 Thursday afternoon – you can watch videos of their floor statements here.
|
|
| February 11, 2011 |
 |
| What We're Reading |
|
|
| Member Highlights |
|
|
| Small Biz Resources |
|
|
|
