House Small Business Committee

Chabot Announces Committee Leadership for 115th Congress

House Small Business Committee News - Tue, 01/17/2017 - 12:00am

WASHINGTON—House Small Business Committee Chairman Steve Chabot (R-Ohio) today announced the Committee’s leadership team for the 115th Congress.

All of our Small Business Committee Members are bringing invaluable experience and unmatched enthusiasm to our work already,” said Chairman Chabot. “I know that these individuals who have stepped up to lead our subcommittees will lead by example in turning ideas into solutions for America’s 28 million small businesses.”

115th Congress Small Business Committee Leadership

Rep. Steve Chabot (R-OH)
Chairman

Rep. Blaine Luetkemeyer (R-MO)
Vice Chairman

Rep. Rod Blum (R-IA)
Chairman, Subcommittee on Agriculture, Energy and Trade

Rep. Aumua Amata Coleman Radewagen (R-AS)
Chairwoman, Subcommittee on Health and Technology

Rep. Dave Brat (R-VA)
Chairman, Subcommittee on Economic Growth, Tax and Capital Access

Rep. Trent Kelly (R-MS)
Chairman, Subcommittee on Investigations, Oversight and Regulations

Rep. Steve Knight (R-CA)
Chairman, Subcommittee on Contracting and Workforce

Last week, the Small Business Committee announced its Republican Members for the 115th Congress. See the full roster here.

Chabot Statement on Obamacare Repeal and Replacement

House Small Business Committee News - Fri, 01/13/2017 - 12:00am

 

WASHINGTON—Small Business Committee Chairman Steve Chabot (R-Ohio) made the following statement after the House passed a crucial budget measure today that lays the foundation for the repeal of Obamacare and instructs lawmakers as the House begins the process of producing replacement legislation:

“The people who work at America’s 28 million small businesses cannot afford for us to wait another day to stop the damage of Obamacare from getting any worse,” said Chairman Chabot. “In the coming weeks and months, employers who have defied trends and managed to provide coverage to their workers are going to have to make hard decisions as premiums continue to rise and even more providers withdraw from the market. Today’s vote in the House is the essential first of many steps to rescue Americans from the crisis of Obamacare and begin a careful, caring, and intentional process that keeps their concerns at the forefront as we replace this devastating failure of a plan with one that will work.”

The House Small Business Committee has heard testimony from numerous small business employees and owners over the years about how Obamacare has cost jobs and opportunities in communities across the United States. See their stories HERE.

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Chairman Chabot Announces Republican Members for 115th Congress

House Small Business Committee News - Thu, 01/12/2017 - 12:00am

WASHINGTON -- Small Business Committee Chairman Steve Chabot (R-Ohio) today announced the Republican Membership of the Small Business Committee for the 115th Congress.

“The Small Business Committee is fortunate to welcome these individuals who represent such a diverse array of communities, small businesses, and innovators from across the country,” said Chairman Chabot. “I know each of these Members will bring an entrepreneurial spirit to our work in the 115th Congress, and it’s going to be both a privilege and a pleasure to work with them.”

115th Congress Majority Committee Members

Chairman Steve Chabot (R-OH)

Rep. Steve King (R-IA)

Rep. Blaine Luetkemeyer (R-MO)

Rep. Dave Brat (R-VA)

Del. Aumua Amata Coleman Radewagen (R-AS)

Rep. Steve Knight (R-CA)

Rep. Trent Kelly (R-MS)

Rep. Rod Blum (R-IA)*

Rep. James Comer (R-KY)*

Rep. Don Bacon (R-NE)*

Rep. Brian Fitzpatrick (R-PA)*

Resident Commissioner Jenniffer González-Colón (R-PR)*

Rep. Roger Marshall (R-KS)*


* Denotes Members new to the Committee

The Small Business Committee will meet for organizing purposes on February 1, 2017. A formal meeting announcement will be posted at smallbusiness.house.gov

House Passes Small Business Regulatory Reform Measure

House Small Business Committee News - Wed, 01/11/2017 - 12:00am

Regulatory Accountability Act Includes Small Business Regulatory Flexibility Improvements

WATCH Chairman Chabot’s Floor Remarks HERE.

WASHINGTON
– The U.S. House of Representatives has passed Small Business Committee Chairman Steve Chabot’s measure to force federal regulators to craft smarter, less burdensome regulations that take into consideration their direct and reasonably foreseeable indirect economic effects, especially on small businesses.

Chabot’s bill, introduced last week as the Small Business Regulatory Flexibility Improvements Act of 2017, passed the House this evening as Title III of H.R. 5, the Regulatory Accountability Act.

“Small businesses are found in every congressional district and every industry,” Chairman Chabot (R-Ohio) said. “They provide livelihoods for millions of workers and their families. Small businesses employ nearly half of the private sector workforce and generate two out of every three new private sector jobs.”

“The Small Business Regulatory Flexibility Improvements Act eliminates loopholes that agencies, like the Internal Revenue Service, have used to avoid compliance with the Regulatory Flexibility Act (RFA).” Chabot explained. “It also forces agencies to analyze not only direct, but also indirect effects of rules on small businesses – just as agencies are required to do when promulgating major rules affecting the environment.”

See more about what regulatory reform means for America’s 28 million small businesses here.

Chairman Chabot will speak about this legislation and the Committee’s plans to provide regulatory relief for small businesses in the 115th Congress at the American Enterprise Institute (AEI) TOMORROW at 9:00 am.

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Better Broadband for Small Businesses

House Small Business Committee News - Tue, 01/10/2017 - 12:00am

Chabot Backs House Move to Protect Small Biz from FCC Internet Takeover

Watch Chairman Chabot’s Floor Remarks HERE


WASHINGTON
– House Small Business Committee Chairman Steve Chabot (R-Ohio) today hailed House passage of H.R. 288, the Small Business Broadband Deployment Act. This legislation exempts small businesses from burdensome new Internet regulations imposed by President Obama’s Federal Communications Commission (FCC) for five years. The measure also increases the number of small businesses that can use the exemption from the FCC’s “Open Internet Order,” commonly known as “net neutrality.”

“Often times, small Internet providers are the only ones willing to take the risk and deploy broadband to particularly hard-to-reach areas of rural America,” Chairman Chabot said. “The last thing they have time for is the FCC imposing a greater regulatory burden on them, diverting precious resources to make Washington bureaucrats busy instead of doing what they do best –providing high quality broadband services to millions of Americans to every corner of the country.” 

Throughout the 114th Congress, Chairman Chabot and Small Business Committee Republicans pressed outgoing FCC Chairman Tom Wheeler on the impact of the new net neutrality of rules on small businesses.

Chairman Chabot will also be speaking at the American Enterprise Institute (AEI) this Thursday on the Committee’s plans to provide regulatory relief for small businesses in the 115th Congress.

House Passes Chairman Chabot’s Bill to Help Startups Access Early Capital

House Small Business Committee News - Tue, 01/10/2017 - 12:00am

HALOS Act Wins Bipartisan Support, Advances to U.S. Senate

Watch Chairman Chabot’s full remarks HERE.

WASHINGTON – The U.S. House has passed Small Business Committee Chairman Chabot’s bipartisan legislation to help startup companies access early capital. H.R. 79, the Helping Angels Lead Our Startups (HALOS) Act, was passed by a vote of  344 to 73.

“One popular way small businesses connect with angel investors is through ‘demo days,’” said Chairman Chabot (R-Ohio). “These exciting events are sponsored by universities, non-profits, local governments, or other groups, that allow entrepreneurs to showcase their products and informally meet investors and customers.”

“SEC regulations are threatening to force these events out of business by imposing unwieldy regulations dictating who is and who is not allowed to simply attend,” Chabot explained. “We must continue to work together to create an environment where our small businesses, the engines of our economy, grow and flourish. This bill is one more step in that direction.”

BACKGROUND:

 

  • Chairman Chabot’s HALOS Act is identified as a way to create opportunities for new entrepreneurs in House Republicans’ Better Way plan for the economy.

 

  • The bill, which now moves to the U.S. Senate for consideration, builds on a provision of the 2012 JOBS Act by allowing angel investor groups established by local governments, non-profits, universities and other organizations to host events designed to let entrepreneurs showcase their work and connect with potential backers. 

Chairman Chabot on Passage of REINS Act

House Small Business Committee News - Thu, 01/05/2017 - 12:00am

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement upon House passage of H.R. 26, the Regulations from the Executive in Need of Scrutiny (REINS) Act:

"The regulatory impact of the Obama Administration on small businesses has been devastating,” said Chairman Chabot. “The REINS Act takes a giant step in returning power to the American people and making the Washington bureaucracy accountable to them.”

The REINS Act would send new rules that will have a significant impact on the economy to Congress for an up or down vote before they can be implemented.

Chairman Chabot has already introduced two key pieces of legislation as part of House Republicans’ Better Way plan for the economy that will reduce the regulatory burden on small businesses and entrepreneurs: H.R. 33, The Small Business Regulatory Flexibility Improvements Act, and H.R. 79, The Helping Angels Lead Our Startups (HALOS) Act

House Moves to Stop Obama’s “Midnight Regulations”

House Small Business Committee News - Wed, 01/04/2017 - 12:00am

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement upon House passage of H.R. 21, the Midnight Rules Relief Act, legislation to give Congress the power to stop, with one vote, all last minute regulations issued by the Obama administration.

“Over the last eight years, the Obama administration has gone on a regulatory rampage, issuing major rules that have cost over $100 billion annually,” said Chairman Chabot. “A disproportionate share of those enormous costs have fallen on American small businesses. It is unconscionable that the Obama Administration is using its final days in office to saddle small businesses with even more costs to pay for preserving his liberal legacy. The Midnight Rules Relief Act will help protect small businesses from further harm caused by 11th-hour Obama administration red tape."

At the end of last year, Chairman Chabot, House Majority Leader Kevin McCarthy and other House Committee Chairmen sent aletterto the heads of all President Obama’s Cabinet departments and federal agencies warning them against moving forward with Midnight Regulations.

Click here to view Chairman Chabot’s remarks in support of this legislation.

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Chairman Chabot Introduces Bill to Help Startups Access Early Capital

House Small Business Committee News - Wed, 01/04/2017 - 12:00am

WASHINGTON – As the 115th Congress gets to work, House Small Business Committee Chairman Steve Chabot (R-Ohio) introduced H.R. 79, the Helping Angels Lead Our Startups (HALOS) Act.

Identified as a way to create opportunities for new entrepreneurs in House Republicans’ Better Way plan for the economy, this bill builds on a provision of the 2012 JOBS Act by allowing angel investor groups established by local governments, non-profits, universities and other organizations to host events designed to let entrepreneurs showcase their work and connect with potential backers. 

“When entrepreneurs are looking for ways to access the early capital they need to get off the ground, they look at every avenue available to them,” said Chairman Chabot“If we’re going to help open doors for the next generation of job creators, we need to take the same approach. This measure will help startups and investors cut through unnecessary red tape and provide them with new opportunities to succeed.”

Read more about the HALOS Act in A Better Way to Grow our Economy (Page 26).

This is the second piece of legislation introduced by Chairman Chabot in as many days to reduce the regulatory burden on small businesses and entrepreneurs. The Small Business Regulatory Flexibility Improvements Act, H.R. 33, was introduced yesterday. 

A Better Way Begins Today

House Small Business Committee News - Tue, 01/03/2017 - 12:00am

Small Business Regulatory Flexibility Improvements Act Introduced on Day 1 of New Congress

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-Ohio) kicked off the 115th Congress by introducing H.R. 33, the Small Business Regulatory Flexibility Improvements Act of 2017.

The bill forces federal regulators to craft smarter, less burdensome regulations that take into consideration their direct and reasonably foreseeable indirect economic effects, especially on small businesses.

“Small businesses are often hit first and worst by regulatory decisions made by Washington bureaucrats with little to no consideration about what they will mean for small businesses and their employees,” said Chairman Chabot. “The Small Business Regulatory Flexibility Improvements Act represents a better way to grow our economy by ensuring that small businesses are no longer an afterthought in federal rulemaking. By giving small businesses and the people who depend on them a say in the regulations they must live under, it will force the federal government to think about what is best for our job creators before it acts, not after.”

The Small Business Regulatory Flexibility Improvements Act strengthens and clarifies the Regulatory Flexibility Act (RFA) of 1980.  In the over 36 years since the RFA was enacted, agencies have exploited loopholes to get around the good-government intentions of the original legislation. The Internal Revenue Service frequently uses these loopholes to avoid RFA compliance. Chairman Chabot’s bill closes these loopholes by requiring more detailed analysis of proposed regulations, providing greater opportunity for small business input, and ensuring agencies regularly review regulations already on the books for their economic impact on small businesses. 

Original Cosponsors: Goodlatte (R-VA), Marino (R-PA), Radewagen (R-AS), Knight (R-CA), Cuellar (D-TX), Graves (R-MO), Sessions (R-TX), King (R-IA), Kelly (R-MS), Tipton (R-CO), Curbelo (R-FL), Hultgren (R-IL), and Luetkemeyer (R-MO). 

Chairman Chabot Statement on Linda McMahon’s Selection to Lead the SBA

House Small Business Committee News - Wed, 12/07/2016 - 12:00am

WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement upon the announcement President-elect Trump will name Linda McMahon as his nominee for Administrator of the Small Business Administration (SBA):

“Linda McMahon is an excellent choice by President-elect Trump to lead the SBA as administrator. I look forward to working with her and the new administration to roll back burdensome regulations and increase access to capital for America’s 28 million small businesses. Our Committee will work with the new administrator to advance meaningful reforms that will make the SBA more efficient and customer-friendly for small businesses. This work should begin by fixing the ongoing problems in SBA and SBA-administered programs that were exposed through our oversight hearings in the 114th Congress.”  

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Still Overdue: Answers from OMB on Paperwork Reduction Requirements

House Small Business Committee News - Mon, 12/05/2016 - 12:00am

Chairmen Ask Why Agency Failed to Issue Required Reports Two Years in a Row

WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH),  joined by House Oversight and Government Reform Committee Chairman Jason Chaffetz (R-UT), today demanded answers from the Office and Management and Budget (OMB) about its failure to submit required annual reports to Congress on the federal government’s efforts to reduce the paperwork burden on individuals and small businesses. OMB failed to issue these required reports for both FY2015 and FY2016 and previously pledged to publish the reports this Fall.   

“The failure to produce these reports in a timely fashion demonstrates a fundamental breakdown in OIRA’s management function,” Chabot and Chaffetz wrote in their letter to the OMB Office of Information and Regulatory Affairs. “Congress enacted the Paperwork Reduction Act to minimize the paperwork burden on individuals, small businesses, and others imposed by the federal government and improve the responsibility and accountability of the OMB and all other federal agencies to Congress and the public for collecting information.”

You can view the full letter HERE.

BACKGROUND:

  • In May of this year, Chairmen Chabot and Chaffetz pressed OMB for answers about why it failed to submit its required reports to Congress.
  • In a subsequent letter to Chairman Chabot, Howard Shelanski, the Administrator of the Office of Information and Regulatory Affairs (OIRA) at OMB, stated his agency planned to publish a report covering both FY2015 and FY2016 this fall. As of December 5, 2016, no such report has been published.
  • The House Republican Better Way agenda call for eliminating government red tape, including onerous paperwork requirements, as part of its goal to provide regulatory relief to small businesses.  

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House Passes 5 Year SBIR/STTR Reauthorization

House Small Business Committee News - Fri, 12/02/2016 - 12:00am

WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement after the House passed a five-year reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs as part of the 55th National Defense Authorization Act (NDAA).

“In an era of unfair global competition, making it easier for American small businesses to develop and commercialize new, innovative products is essential for both our economic and national security,” Chairman Chabot said. “SBIR and STTR are critical parts of this effort because their awards go to small innovators who have always been on the cutting edge of groundbreaking research and life-saving technology. The long-term reauthorization passed by the House today will provide certainty to thousands of small businesses who use these programs today and open doors for the inventors of tomorrow.”

“In the new Congress, the Small Business Committee will continue to work to find new ways to make these programs stronger and more effective,” Chairman Chabot added.

Small businesses applauded the House passage of the SBIR/STTR reauthorization saying it will provide them with much-needed certainty in the coming years.

“The Small Business Technology Council is incredibly appreciative to Congress and Chairman Chabot for ensuring that a 5-year SBIR/STTR reauthorization is included in the 2017 National Defense Authorization Act,” said Jere Glover, the Executive Director of the Small Business Technology Council. “SBIR companies across the country will be relieved that these vital innovation programs will be continued, and the prompt passage of SBIR/STTR reauthorization will give them the certainty and confidence that all businesses need to grow and plan for the future.”

“Without Chairman Chabot's hard work, dedication, and leadership on this issue, this never would have been possible. Our members are deeply grateful to him for and all he has done for small business over the years,” Glover added.

“As a CEO of a small business in southwest Ohio that is focused on research supporting Federal Agencies, I am deeply appreciative of Chairman Chabot’s diligent leadership of the Small Business Committee,” said Ron Shroder, the CEO and President of Frontier Technology, Inc., a small business in Beavercreek, Ohio. “Chairman Chabot’s ability to include the 5 year SBIR/STTR Reauthorization within the 2017 National Defense Authorization Act (NDAA) benefits small businesses throughout the country.  With small businesses representing approximately 50% of the employment in the country, this program is very important to our future.”

BACKGROUND:

  • Long-term reauthorization of the SBIR and STTR programs has been a top priority for the House Small Business Committee throughout the 114th Congress.
  • The Committee unanimously approved a bipartisan reauthorization measure for both programs earlier this year after a hearing series on the importance of these small business programs to the United States economy and national security.
  • At those hearings, witnesses told Committee members that major innovations in recent history began with small companies using SBIR and STTR programs. The witnesses cited Sonicare toothbrushes, Roomba iRobots and 70 percent of the computer chips in today’s iPhones as a few examples of ubiquitous technology made possible by SBIR and STTR awards to small companies.

Chabot to Chair Small Business Committee for 115th Congress

House Small Business Committee News - Fri, 12/02/2016 - 12:00am

WASHINGTON—Small Business Committee Chairman Steve Chabot (R-Ohio) was elected by his House peers today to serve as Chairman of the Small Business Committee for the 115th Congress.

“I’m honored to serve a second term as Chairman of the House Small Business Committee and I’m grateful for the confidence of my colleagues as we build on the great work of all of our Committee Members from the last two years,Chairman Chabot said. “We now have an historic opportunity to bring swift and lasting regulatory relief and certainty to the 1 out of 3 Americans who work at a small business. We will keep working for greater access to capital for our entrepreneurs, more ways to save taxpayer dollars through small business contracting, and we’ll continue to break new ground in the areas of cybersecurity and exporting opportunities to protect and create small business jobs.”

Chabot added, “Working with all of our colleagues in the House, Senate and the new Administration, I know we can make America great again one new idea, small business, and community at a time.”

See highlights of the Small Business Committee’s work HERE

Chabot Statement on House Passage of NDAA Conference Report

House Small Business Committee News - Fri, 12/02/2016 - 12:00am

Key Small Business Committee Provisions Included in Defense Bill

                                       Click Image to View Chairman Chabot's NDAA Floor Speech

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement after the House of Representatives passed the conference report of the FY17 National Defense Authorization Act (NDAA).

“The FY17 NDAA recognizes that small businesses play a vital and indispensable role in providing for the common defense,” Chairman Chabot said. “Small businesses create jobs as part of the defense industrial base, innovate new technologies for our warfighters and ensure taxpayers get the most bang for their buck through competitive contracting. I am especially proud that so many of the bipartisan contracting reforms authored by members of our Committee were included in the final NDAA.”

“These common-sense contracting and acquisition reforms will open new doors for small businesses in the coming year and set the stage for additional reforms in the new Congress,” Chairman Chabot added.

For a detailed section-by-section summary of the small business provisions in the FY2017 NDAA click HERE.

BACKGROUND:

  • Chairman Chabot and Rep. Steve Knight (R-CA) served as the House Small Business Committee’s conferees for this year’s NDAA.
  • Earlier this year, Chairman Chabot penned an op-ed for Defense News on the importance of small contractors to the defense supply chain and testified before the House Armed Services Committee on the Committee’s priorities for the FY17 NDAA. 

Chabot in Forbes: For Small Business Saturday, A Plan For Regulatory Easing

House Small Business Committee News - Wed, 11/23/2016 - 12:00am
For Small Business Saturday, A Plan For Regulatory Easing

By Chairman Steve Chabot (R-OH)
November 23, 2016
Forbes Opinion

America’s 28 million small businesses are the keystone of our economy.

This weekend, we will celebrate Small Business Saturday, an opportunity to recognize America’s entrepreneurs and rededicate ourselves to helping them prosper.

We can support them through our patronage and with good public policy that will help them achieve prosperity.

Small businesses create nearly seven out of every ten new private sector jobs and employ half the private sector work force. They represent 99.7% of all U.S. businesses with employees and have created 63% of the net new jobs over the last 20 years.

They are mom-and-pop stores, restaurants, tech startups, family farms, factories, manufacturers and everything in between. And they have taken a beating over the last eight years.

Burdensome regulations, combined with over-taxation and over-litigation, have made it harder than ever for small businesses to get off the ground and stay off the ground.

As Chairman of the House Small Business Committee, I have heard firsthand from the owners and employees of these small businesses how these new regulations have harmed them personally.

In our hearing room and from our constituents across the nation, we have heard how the Obama administration has gone on a regulatory rampage against small businesses. For each year, the administration’s major rules have cost over $100 billion annually. A disproportionate share of those enormous costs have fallen on America’s small businesses.

These entrepreneurs do not have the same resources as big corporations and cannot afford to hire accountants, lawyers and lobbyists to help them navigate all these new regulations. As a result, small businesses get hit worst and first by new rules and regulations.

Throughout the Obama administration, there has been a terrible disconnect between the Washington bureaucrats who write these new regulations and the small businesses who must live under them.

These entrepreneurs do not have the same resources as big corporations and cannot afford to hire accountants, lawyers and lobbyists to help them navigate all these new regulations. As a result, small businesses get hit worst and first by new rules and regulations.

Albert Macre, a small business owner from my home state of Ohio, said it best when he testified before our Committee this year about the Department of Labor’s sweeping new overtime rule:

“I now find myself standing with countless other small business owners forced to swallow more government 'medication' prescribed before an accurate attempt at diagnosis has been completed,” Macre said.

“From a personal perspective, this rule is likely to have negative consequences - not only to my company, but to my employees as well,” the small businessman warned.

Fortunately for Macre and millions of small business owners, there is a better way.

Throughout 2016, I have been working with my House Republican colleagues to put together a specific agenda to ease the regulatory burden on America’s small businesses. It’s called “A Better Way to Grow our Economy.”

Our plan cuts reams of unnecessary, burdensome red tape so small businesses can focus on what they do best: creating jobs and spurring economic growth. It calls for a new and better approach to federal rulemaking. Our approach is to have smart, efficient and easy-to-understand rules that always take into account the impacts and costs to small businesses.

I firmly believe that together, we can get Washington back in the business of helping small businesses instead of hurting them. A Better Way is the blueprint for that effort.

This Small Business Saturday, my message to our small businesses is to take heart: Regulatory relief is on the way.

 

Chairman Chabot calls Overtime Rule Delay a “Victory for Small Businesses”

House Small Business Committee News - Tue, 11/22/2016 - 12:00am

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement after a federal judge enjoined President Obama’s controversial executive order imposing costly new rules on how employers pay overtime to their workers. The nationwide preliminary injuction delays the December 1st implementation deadline, giving small employers more time to plan for and fight back against the burdensome new mandate.  

“Judge Mazzant’s injunction is a victory for America’s 28 million small businesses. As they look towards Small Business Saturday this weekend, small employers and their employees can breathe just a little bit easier knowing they have been given a reprieve from the pain caused by this disastrous new rule.  For over a year, our Committee has been warning that the overtime rule was an unlawful overreach that would lead to job losses, demotions, less flexibility, lower wages, and reduced benefits for millions of workers. Our Committee looks forward to working with the new administration to give regulatory relief to small businesses and get the government off their backs so they can focus on creating jobs. “          

BACKGROUND:

  • Last month, Chairman Chabot led a House resolution recognizing this Saturday, November 26th, as Small Business Saturday.
  • Chabot and Committee Republicans have led the opposition to the DOL overtime rule throughout the 114thCongress.
  • The Committee has held numerous hearings and roundtables and sent multiple letters documenting the damage that will be done to small businesses and other small employers as a result of the rule.
  • Chairman Chabot served as co-chairman of a special House Task Force on Reducing Regulatory Burdens which developed the House Republican policy agenda called A Better Way to Grow our Economy.
  • Chairman Chabot and House Republicans cited the overtime rule as an example of overregulation at a June press conference in front of the Department of Labor headquarters unveiling the #BetterWay agenda. 

OVERSIGHT UPDATE: Committee Continues Probe of Wells Fargo Scandal

House Small Business Committee News - Fri, 11/18/2016 - 12:00am

 

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) has demanded regular updates from Wells Fargo after the company admitted that thousands of accounts owned by small businesses were harmed by the improper sales practices of Wells Fargo employees.

Chairman Chabot’s letter is a follow-up to official inquiries the Committee made last month to both Wells Fargo and the Small Business Administration (SBA) to determine the scandal’s impact on any Wells Fargo accounts associated with small businesses.

“In Wells Fargo’s response to my letter, it admitted that thousands of the deposit and credit card accounts that were harmed by the improper sales practices of Wells Fargo employees were accounts owned by small businesses.” Chairman Chabot wrote in his letter to Wells Fargo.

“The response also indicated that Wells Fargo plans to work with a third party to review all accounts dating back to 2009 in order to identify those that may have been affected,” Chabot added. “I believe that a more in-depth review is important to ensure that any individual or small business that may have been harmed is made whole. Because Wells Fargo will be implementing this additional review, it is possible that the information that you provided in response to my letter will change. Accordingly, I request that Wells Fargo provide the Committee with updates throughout its review and keep the Committee informed.”

You can view Chairman Chabot’s full letter HERE.

BACKGROUND:

  • After John G. Stumpf stepped down as CEO of Wells Fargo, Chabot stated that the resignation would have absolutely no bearing on the seriousness and urgency of the Committee’s probe into the scandal. Chabot provided an update on his requests for information in a guest op-ed for CNBC.

In their response to Chairman Chabot’s initial request for information, the SBA informed the Committee of the following:

  • “SBA’s Office of Credit Risk Management (OCRM) has conducted several risk-based, in depth reviews of Wells Fargo’s SBA lending operations (in 2011, 2014, and 2016). Each resulted in an acceptable assessment and no enforcement or disciplinary actions were taken.”
  • “OCRM is currently conducting an additional targeted review of Wells Fargo including a sample of Wells Fargo 7(a) loans to identify any unusual activity which may indicate abusive activities by Wells Fargo employees, and will follow-up as appropriate.”

Chairman Chabot Hails House Passage of Midnight Rules Relief Act

House Small Business Committee News - Thu, 11/17/2016 - 12:00am

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) today praised House passage of H.R. 5982, the Midnight Rules Relief Act, bipartisan legislation to give Congress the power to stop, with one vote, all last minute regulations issued by the Obama administration.

"Over the last eight years, the Obama administration has gone on a regulatory rampage," Chairman Chabot said in his speech on the House floor. "For each year, the administration’s major rules have cost over $100 billion annually. A disproportionate share of those enormous costs have fallen on America’s 28 million small businesses."

"As Chairman of the House Small Business Committee, I have heard firsthand from the owners and employees of these small businesses in our hearing room and back home in Ohio how these new regulations have harmed them personally," Chabot added. "The last thing they need right now is a new flood of regulations from the President’s army of bureaucrats as they beat a hasty retreat out of Washington."

"This common-sense, bipartisan legislation will give Congress the power to stop all midnight rules with one vote. Next weekend, we will celebrate Small Business Saturday – an opportunity to celebrate small businesses and recognize they are the key to making our economy succeed. Midnight regulations are an imminent threat to their success," Chabot concluded.

BACKGROUND: Earlier this week, Chairman Chabot, House Majority Leader Kevin McCarthy and other House Committee Chairmen sent a letter to the heads of all Cabinet departments and federal agencies warning them against moving forward with Midnight Regulations.

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House Republican Leaders Warn Administration Against “Midnight Regulations”

House Small Business Committee News - Tue, 11/15/2016 - 12:00am

WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH), House Majority Leader Kevin McCarthy (R-CA), and all Chairmen of the standing committees of the U.S. House of Representatives this evening warned the Obama Administration against enacting any last-minute rules and regulations in their final days in office. In their letter, addressed to the heads of all Cabinet departments and federal agencies, the House Republican leaders wrote:

“Earlier this year, President Obama’s Chief of Staff stated that the Administration will “do audacious executive action throughout the course of the rest of the year.” As you are aware, such action often involves the exercise of substantial policymaking discretion and could have far-reaching impacts on the American people and economy.  Considering these potential consequences, we write to caution you against finalizing pending rules or regulations in the Administration’s last days.  By refraining from acting with undue haste, you will ensure that agency staff may fully assess the costs and benefits of rules, making it less likely that unintended consequences will harm consumers and businesses.  Moreover, such forbearance is necessary to afford the recently elected Administration and Congress the opportunity to review and give direction concerning pending rulemakings. Should you ignore this counsel, please be aware that we will work with our colleagues to ensure that Congress scrutinizes your actions – and, if appropriate, overturns them – pursuant to the Congressional Review Act.”

You can view the letter HERE.

Later this week, the House will consider H.R. 5982, The Midnight Rules Relief Act, bipartisan legislation to give Congress the power to stop all of the “midnight rules” with one vote.

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