House Small Business Committee

Accelerating Agriculture: How Federal Regulations Impact America’s Small Farmers

House Small Business Committee News - Thu, 06/21/2018 - 10:30am

The Committee on Small Business Subcommittee on Agriculture, Energy, and Trade will meet for a hearing titled, “Accelerating Agriculture: How Federal Regulations Impact America’s Small Farmers.”  The hearing is scheduled to begin at 10:30 A.M. on Thursday, June 21, 2018 in Room 2360 of the Rayburn House Office Building

Complying with federal regulations continues to be one of the biggest challenges for America’s small businesses, including small farmers.  Many federal agencies have the authority to issue regulations that impact the agriculture industry.  As a result, small farmers often struggle to comply with expensive, confusing, and time-consuming regulations, which impacts their ability to grow.  This hearing will examine how federal regulations affect small farmers and explore ways to provide regulatory relief to the industry.

Attachments
1. Hearing Notice
2. Witness List

Witnesses
Mr. Craig Martins
Operations Manager
Three Rivers FS
Dyersville, IA
* Testifying on behalf of the National Council of Farmer Cooperatives and GROWMARK, Inc.

Mr. John Weber
Owner
Valley Lane Farms Inc.
Dysart, IA
* Testifying on behalf of the National Pork Producers Council

Mr. Glenn Brunkow
Co-Owner
Brush Creek Cattle Company
Wamego, KS
* Testifying on behalf of the American Farm Bureau Federation

Communities That Think Small and Win Big

House Small Business Committee News - Wed, 06/20/2018 - 11:00am

The Committee on Small Business will meet for a hearing titled, “Communities That Think Small and Win Big.”  The hearing is scheduled to begin at 11:00 A.M. on Wednesday, June 20, 2018 in Room 2360 of the Rayburn House Office Building

This hearing will highlight communities that have developed thriving small business ecosystems.  Local officials will analyze key elements of a business-friendly environment and review socioeconomic returns on small business investment within their communities and surrounding regions.  Members will have the opportunity to discuss innovative economic development policy strategies and determine best practices.

Attachments
1. Hearing Notice
2. Witness List

Witnesses 
Mr. Greg Prestemon
President & CEO
EDC Business & Community Partners
St. Charles, MO

Mr. Derek Miller
President & CEO
Salt Lake Chamber and Downtown Alliance
Salt Lake City, UT

Mr. Gregg Bishop
Commissioner
NYC Department of Small Business Services
New York, NY

The Perspective of Rural Small Businesses in North Mississippi

House Small Business Committee News - Mon, 06/18/2018 - 2:00pm

The Committee on Small Business will meet for a field hearing titled, “The Perspective of Rural Small Businesses in North Mississippi.”  The hearing is scheduled to begin at 2:00 P.M. (CT) on Monday, June 18, 2018 at the ServPro Training Center, 1160 Stateline Road East, Southaven, MS.

Rural America is still recovering from the last recession in 2008. Many rural small businesses have not been able to survive because of overregulation, lack of access to capital, and a drop in net farm income. With the United States economy now flourishing, rural small businesses are finally starting to see the effects and get back on their feet. Through H.R. 1, the Tax Cuts and Jobs Act, and the rollback of numerous regulations by many government agencies, the federal government is working to help rural small businesses survive.  This hearing aims to highlight how rural small businesses are faring in today’s economy and the outlook going forward.

Attachments
1. Hearing Notice
2. Witness List

Witnesses
Mr. Pat Woods
Owner
Woods Farm Supply, Inc.
Byhalia, MS

Mr. Geoffrey Carter
Founder, President and CEO
Hyperion Technology Group, Inc.
Tupelo, MS

Exploring the State of Western Kentucky’s Small Businesses

House Small Business Committee News - Mon, 06/18/2018 - 10:00am

The Committee on Small Business will meet for a hearing titled, “Exploring the State of Western Kentucky’s Small Businesses.”  The hearing is scheduled to begin at 10:00 A.M. (CT) on Monday, June 18, 2018 at the Paducah Area Chamber of Commerce, Paducah Bank Room, 300 South 3rd Street, Paducah, KY.

The purpose of the hearing is for Western Kentucky small business leaders to share their experiences and to provide the Committee with recommendations about federal policies that will help them to grow their businesses and create jobs.

Attachments
1. Hearing Notice
2. Witness List

Witnesses
Mr. Bruce Kimbell
President
First Community Bank of the Heartland
Clinton, KY

Mr. Leon Owens
President
Swift & Staley, Inc.
Paducah, KY

Mr. Edward Musselman
Owner
Musselman Properties
Paducah, KY

Mr. Jonas Neihoff
Owner
Socially Present
Paducah, KY

Rep. Kelly Examines Small Businesses in Rural America

House Small Business Committee News - Mon, 06/18/2018 - 12:00am

MISSISSIPPI – This afternoon, the House Small Business Committee held a field hearing in Southaven, Mississippi to examine issues facing rural small businesses including access to capital, lack of reliable broadband, and finding qualified employees.

Subcommittee Chairman on Investigations, Oversight, and Regulations Trent Kelly (R-MS) said, “Although the economy is getting stronger, rural America is still recovering from the 2008 recession. Today we asked these small business owners to share with us problems they are still facing so we can share them with our colleagues and develop policies to address them. The best ideas don’t flow from Washington to the people, the best ideas flow from the people back to Washington.”

“I thank Subcommittee Chairman Kelly for having me attend this hearing as well and hear first-hand from rural small businesses in North Mississippi. While the economy is doing better thanks to tax cuts and fewer regulations, we can see we still have work to do to help our countries’ small businesses succeed,” said House Small Business Committee Chairman Steve Chabot (R-OH).

Issues and Triumphs in Rural America

“Rural Mississippi is lagging behind in the area of connectivity to the internet.  I hear stories on a daily basis of school children that have to come to town to download their homework, business growth hampered by a lack of adequate service, and precision agriculture technology that loses a signal due to a lack of connectivity in their area….I commend the Committee for all the work that has been done to bring broadband to rural America,” said Pat Woods, Owner of Woods Farm Supply in Byhalia, MS.

“As we continue to grow, one of our many challenges is when to invest in another full-time employee. As you can imagine being in the service business as we are, people are critical, but due to some of these government initiatives, we have to hold back from hiring and stretch our people further, and as you know there is a breaking point with personnel, and we don’t want to reach that,” said Jason Bailey, President and CEO of Summit Management Services in Oxford, MS.

The roll back and benefits from the Tax Cuts and Jobs Act created significant financial resources available as expendable income to all of customers, which has been realized by 20% growth from the same period last year,” said Michael Hatcher, President of Michael Hatcher & Associates in Olive Branch, MS.

The tax cuts afforded to us by H.R. 1, the Tax Cuts and Jobs Act, will make it easier for Hyperion to continue to grow and expand its footprint in both the government and commercial sectors,” said Geoffrey Carter, Founder, President, and CEO of Hyperion Technology Group in Tupelo, MS.

 

 

 

Exploring the State of Western Kentucky’s Small Businesses

House Small Business Committee News - Mon, 06/18/2018 - 12:00am

PADUCAH, KENTUCKY—Today, the House Committee on Small Business held a field hearing in Congressman James Comer’s (R-KY) congressional district on the state of Western Kentucky’s small businesses and what recommendations they have about federal policies.

“Small businesses were responsible for 1.9 million net new jobs in 2015 (including more than 17,000 net new jobs in Kentucky),” said Congressman James Comer. “As most of you know, Paducah is a dynamic, fast-growing city that engages its citizens and is recognized as a regional leader on many levels. Paducah is also financially sustainable, maintains quality infrastructure and facilities, and has a thriving river industry. It is a small city with big aspirations that offers great incentives for families and businesses to flourish.”

Hearing from the Heartland

“In order for small businesses to grow they require safe and reliable funding. Community banks focus intensely on small business lending,” said Mr. Bruce Kimbell, President and CEO of First Community Bank of the Heartland in Clinton, KY. “At my bank, as is true of my banker colleagues around the country, we are intensely focused on building and maintaining long-term relationships with our customers. We view our customers not as numbers but as individuals and business owners.” 

“Swift & Staley Inc. transitioned from a privately owned company to an Employee Stock Ownership Plan (ESOP) Company in May 2017. We are aggressively looking to expand our service to other federal sectors and locations while maintaining our core competencies and client focus,” said Mr. Leon Owens, President of Swift & Staley Inc. in Paducah, KY. “On behalf of all ESOP small businesses, we would like to thank the Committee for supporting H.R. 5236 (Main Street Employee Ownership Act).”

“If the cost of doing business is less, more will be able to successfully operate a business while providing an adequate living to their family and those that they employ,” said Mr. Edward Musselman, Owner of Musselman Properties in Paducah, KY. “Fewer vacant buildings will strengthen real estate markets. More jobs and more offerings and strong economies will attract addition al residents and businesses.”

“When I first launched Socially Present over 6 years ago, there were several obstacles I ran into but also several resources that helped me get started. The main obstacle was a lack of organized information and the complexity of putting together a business plan,” said Mr. Jonas Neihoff, President of Socially Present in Paducah, KY. “Seeing that need, we launched our own program called “Small Town Big Idea” to help budding entrepreneurs develop their idea to a place where it is ready to launch.”

Click here for full witness testimony. 

Shrinking the Skills Gap: Solutions to the Small Business Workforce Shortage

House Small Business Committee News - Thu, 06/14/2018 - 10:00am

The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet for a hearing titled, “Shrinking the Skills Gap: Solutions to the Small Business Workforce Shortage.”  The hearing is scheduled to begin at 10:00 A.M. on Thursday, June 14, 2018 in Room 2360 of the Rayburn House Office Building.

This hearing will examine the current small business workforce, and provide an opportunity for small business owners and experts to provide innovative solutions to combat the small business employee shortage.

Attachments
1. Hearing Notice
2. Witness List 

Witnesses
Mr. Todd Hitt
CEO
Kiddar Capital
Falls Church, VA

Mr. Kelly McCreight
President and CEO
Hamilton-Ryker IT Solutions
Nashville, TN
*Testifying on behalf of the American Staffing Association

Ms. Angela Dine Schmeisser
President and CEO
St. Marys Foundry, Inc.
St. Marys, OH

Shrinking the Skills Gap: How Small Businesses are Confronting a Big Problem

House Small Business Committee News - Thu, 06/14/2018 - 12:00am

WASHINGON—Today, Members of the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access heard from a panel of small business owners and experts on the solutions that exist to combat the small business workforce shortage.

“The American economy is creating jobs at historic rates. Over 1 million jobs have been created so far this year, the unemployment rate is at an 18 year low of 3.8 percent, and there are now more vacant jobs than unemployed job seekers in the United States,” said Subcommittee Chairman Dave Brat (R-VA). “The problem is, when there are 6.6 million job vacancies, small businesses have a particularly difficult time finding and retaining qualified employees.”

Solutions to the Shortage

“I’ve witnessed the devastating effects a labor shortage can have on a business. Quite simply, it means a company cannot grow.… According to the National Federation of Independent Business, in April of this year 22 percent of small businesses said finding qualified workers was their ‘single most important business problem,’” said Mr. Todd Hitt, CEO of Kiddar Capital in Falls Church, VA. “There are several factors that contribute to the nation’s labor shortage: the vast Baby Boomer generation exiting the workforce, declining U.S. birth rates, the opioid epidemic that is gripping our country, and the gap between skills and employer needs.”

“Hamilton-Ryker is a total workforce solution and industry leader for the provision of industrial, administrative, and information technology staffing, as well as recruiting, management consulting, and information technology solutions,” said Mr. Kelly McCreight, President and CEO of Hamilton-Ryker IT Solutions in Nashville, TN. “With the economy at full employment, we’re taking measures to “upskill” the existing workforce—for instance, by taking workers who may have a certain skill set and providing them training to allow them to be promoted or move into another position at a higher wage rate.”

“The shortage of workers is both a result of a retiring workforce and overall growth in the economy and the manufacturing sector, “said Ms. Angela Dine Schmeisser, President and CEO of St. Marys Foundry, Inc. in St. Marys, OH. “Changing public perceptions to match the realities of U.S. manufacturing is critical to addressing the worker shortage in our sector, especially among millennials. Also important is rebuilding a pipeline of potential recruits through high school and career technical programs.”

Click HERE to read full testimonies and HERE to watch full hearing video.

The Impact of Category Management on the Small Business Industrial Base

House Small Business Committee News - Wed, 06/13/2018 - 11:00am

The Committee on Small Business will meet for a hearing titled, “The Impact of Category Management on the Small Business Industrial Base.”  The hearing is scheduled to begin at 11:00 A.M. on Wednesday, June 13, 2018 in Room 2360 of the Rayburn House Office Building

This hearing continues the Committee’s longstanding oversight examining the use of contract bundling and consolidation in the federal procurement system.  Category management, at its core, can be distilled to contract bundling and consolidation.  The hearing will examine the Administration’s approach to utilizing category management principles in the context of past Executive Branch initiatives and will discuss the impact the current approach may have on small businesses and the industrial base. 

Attachments
1. Hearing Notice
2. Witness List

Witness List
Ms. Shirley Bailey
Co-Owner, Executive Vice President and Chief Operating Officer
GCC Technologies, LLC
Oakland, MD

Mr. Alan Chvotkin
Executive Vice President & Counsel
Professional Services Council
Arlington, VA

Ms. Beth Laurie Strum
Vice President of Business Development
IT WORKS
Washington, DC
* Testifying on behalf of the U.S. Women’s Chamber of Commerce

Small Business Committee Examines the Impact of Category Management on the Small Business Industrial Base

House Small Business Committee News - Wed, 06/13/2018 - 12:00am

WASHINGON—Today, Members of the House Small Business Committee examined the Executive Branch’s approach to utilizing Category Management (CM) principles and the impact it may have on small businesses and the industrial base. CM are a set of procurement approaches attempting to eliminate redundancies, increase efficiency, and deliver value all while saving the taxpayers money.

“While Category Management can be useful in tracking the federal government’s purchasing habits in order to identify efficiencies and keep contracting costs down, the proposed plan may be problematic,” said Chairman Steve Chabot (R-OH). “There is great concern among the small business community that recent efforts steering spending towards “best-in-class” contracting vehicles will restrict competition and significantly reduce opportunities for the majority of small businesses.” 

What the Experts Said

“No one would disagree with the goals of efficient government buying and saving the taxpayer money. However, we believe Category Management comes at a cost,” said Ms. Shirley Bailey, CEO and Managing Member of MSC Management Services, LLC in Oakland, MD, testifying on behalf of the HUBZone Contractors National Council. “Fewer small business awards not only limits the supply of vendors to the government, the ripple effect limits the ability of small businesses to grow through federal contracting.”

“PSC [Professional Services Council] cautioned then [five years ago], and we do so again today, that more needs to be done to prevent unintended consequences on the small and other-than-small companies that are—or that are capable of—meeting the government’s needs,” said Mr. Alan Chvotkin, Executive Vice President and Counsel at the Professional Services Council in Arlington, VA. “Since then, and particularly as CM has transitioned from what began as a management technique into a procurement policy, there have been negative consequences for the supplier base and for the marketplace.”

“In its current form, the Best-in-Class acquisition process picks winners and losers without assuring full and fair competition, thereby locking out thousands of small businesses from the very contract opportunities that were guaranteed to us in 1978 through Public Law 95-507, ‘Amendments to the Small Business Investment Act,’” said Ms. Beth Laurie Strum, Vice President of Business Development at Volanno in Washington, DC, testifying on behalf of the U.S. Women’s Chamber of Commerce. “The abrupt transformation of the federal acquisition process to Best-in-Class vehicles will have a crippling effect on small business competitive opportunities.”

“Many of my small business colleagues have spoken with me directly in terms of the Category Management approach as well as previous strategic sourcing initiatives.  Across the board, they are overwhelmingly opposed.  Anything that winnows down the ability to compete on a fair and level playing field is challenging across the industrial base,” said Ms. ML Mackey, CEO of Beacon Interactive Systems in Waltham, MA, testifying on behalf of the National Defense Industrial Association. “Getting best in breed products and services as rapidly as possible to the men and women who protect us is of paramount importance. Unfortunately, the contract approach prescribed by Category Management will have an opposite and deleterious effect on this goal.”

Click HERE to read full testimonies and HERE to watch full hearing video.

Chabot Statement on the Department of Commerce’s Actions on China’s ZTE

House Small Business Committee News - Fri, 06/08/2018 - 12:00am

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement regarding the agreement the Department of Commerce has made with China-backed telecom giant, ZTE:

“The President’s instincts on the threat that ZTE poses to American small businesses and our country have been correct from the start—ZTE is a nefarious actor that seeks to undermine our national security. It is my hope that the President and Secretary Ross will continue to apply as much pressure as possible on ZTE.  We must not let ZTE off the hook for continually lying to US officials. ZTE has subverted US law more than once and I believe will do it again. To think that any new deal is going to change ZTE’s intentions is shortsighted. The Administration should stick to its guns."

Vets First? An Examination of VA’s Resources for Veteran-Owned Small Businesses

House Small Business Committee News - Thu, 06/07/2018 - 2:00pm

The Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations will meet for a hearing titled, “Vets First? An Examination of VA’s Resources for Veteran-Owned Small Businesses.”  The hearing is scheduled to begin at 2:00 P.M. on Thursday, June 7, 2018 in Room 2360 of the Rayburn House Office Building

This hearing will examine the resources for veteran-owned and service-disabled veteran-owned small businesses at the Department of Veterans Affairs.  Specifically, the hearing will consider the Veterans First Contracting Program and recently proposed changes for procuring medical supplies. 

Attachments
1. Hearing Notice
2. Witness List 

Witnesses
Mr. Scott Denniston
Executive Director
National Veterans Small Business Coalition
Centreville, VA

Mr. Davy G. Leghorn
Assistant Director
The American Legion
Washington, DC

Vetting the VA: Examining their Resources for Veteran-Owned Small Businesses

House Small Business Committee News - Thu, 06/07/2018 - 12:00am

WASHINGTON—Today, Members of the House Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations heard testimony from an expert panel of witnesses on the Department of Veterans Affairs’ (VA) resources for veteran-owned small businesses, specifically the Veterans First Contracting Program.

“The Veterans First Contracting Program was established by Congress in 2006 to assist the VA in carrying out their mission of serving America’s veterans,” said Subcommittee Chairman Trent Kelly (R-MS). “However, despite this authority, the VA has continued to impede its own authority and work against the intentions of Congress by creating internal regulations and policies that make it harder to award contracts to veteran-owned small businesses.”

What the Experts are Saying

 “Since early in World War II, Congress has recognized and legislated the importance of building and maintaining a small business industrial base for national security,” said Mr. Scott Denniston, Executive Director of the National Veteran Small Business Coalition in Centreville, VA. “Unfortunately, senior VA leadership, culture, and polices do not support the Congressional intent. VA has lost sight of its unique mission to support we who have ‘borne the battle’ and how VA mission outcomes are enhanced by building a veteran-owned small business industrial base.”

“Many American Legion members who are also small business owners agree that VA’s proposals in the J&A [Justification and Approval] would systematically unseat veteran owned small businesses as distributors for manufacturers and give all the selling capabilities to the prime vendors,” said Mr. Davy Leghorn, Assistant Director for the National Veterans Employment and Education Division at The American Legion in Washington DC. “This is bad for veteran-owned small businesses and contrary to The American Legion’s call for a reasonable amount of purchases [to] be set aside for veteran owned small businesses in federal procurement.”

Two service-disabled veteran-owned small businesses also shared their stories of how they contribute to the small business industrial base.

“Alliant Healthcare Products focuses on helping other companies navigate the complexities of the federal market. We assist large and small businesses who provide market-leading and innovative healthcare technologies,” said Mr. Bob Taylor, Founder, Owner, and CEO of Alliant Healthcare Products in Grand Rapids, MI. “Our most important benefit to the government is we do not mark-up prices for the clear majority of the products we sell to the VA. We allow the VA to negotiate fair and reasonable pricing as though they are buying directly from the manufacturer themselves and then we honor those prices.”

“First Nation has been one of the leading suppliers of medical and surgical products to VA for over 30 years. Because we stock so many different products and have extensive experience meeting VA direct-to-patient requirements, we are able to provide VA and our veterans with customized, multi-vendor patient solutions,” said Ms. Cheryl Nilsson, CEO of First Nation Group, LLC in Niceville, FL. “Our representatives also work with VA to deliver unique multi-vendor tailored solutions – no other vendor of sleep therapy products provides this direct and on-site support from trained sleep therapy product representatives.

For full witness testimony, click HERE, and for full video, click HERE.

Millennials and the Gig Economy

House Small Business Committee News - Wed, 06/06/2018 - 11:00am

The Committee on Small Business will meet for a hearing titled, “Millennials and the Gig Economy.”  The hearing is scheduled to begin at 11:00 A.M. on Wednesday, June 6, 2018 in Room 2360 of the Rayburn House Office Building

This hearing will explore the relationship between small businesses and the gig economy.  Specifically, the hearing will examine the increasing number of millennials pursuing careers within the gig economy, and consider how this trend is impacting small businesses.  

Attachments
1. Hearing Notice
2. Witness List 

Witnesses
Ms. Betsy Dougert
Director of Communications
SCORE Association
Herndon, VA

Mr. Ryan Morris
Owner
Ruff House Dog Training
Stafford, VA

Ms. Anne Kirby
Founder
The Sweet Core
Lancaster, PA

Mr. Steven Olikara
Founder and President
Millennial Action Project
Washington, DC

Millennials and the Gig Economy

House Small Business Committee News - Wed, 06/06/2018 - 12:00am

WASHINGTON—Today, Members of the Committee on Small Business heard testimony from a panel of experts and small business owners on the relationship between millennials and the gig economy; specifically, the increasing number of millennials pursuing careers in the gig economy, and how this trend is impacting small business.

“This notion of short term, contractual workers dates back centuries, but has been re-envisioned with the inclusion of technology,” said Chairman Steve Chabot (R-OH). “The gig economy is characterized by the use of technology as a means of connecting workers to employers.  Digital platforms and mobile apps have been created to not only to provide these connections, but also to provide low cost marketing and basic business tools to those working within the gig economy.”

Getting into the Gig Economy

 “Interestingly, there is a growing shift in the types of jobs generated by small businesses. While the number of firms that employ full-time workers has remained relatively flat, nonemployer businesses (also called solopreneurs) have been increasing,” said Ms. Elizabeth Dougert, Director of Communications at SCORE, in Herndon, VA. “There has also been a marked increase in the use of gig economy workers, with businesses using contractors and part-time workers to fill key business roles.”

“One of the best things about running my own business is the freedom,” said Mr. Ryan Morris, Former Marine and Owner of Ruff House Dog Training in Stafford, VA. “I don’t have to abide by traditional hours. If there is an “American Dream,” it’s being able to do something you’d do for free and be paid for it. I’ve had so much fun working for myself, by myself, without restriction, I never want to go back to the traditional 9 to 5.”

“Studies show that those who are part of this fluid economy feel empowered, independent, happy, and creative, and companies embracing it are also benefiting, saving time and money. Hiring freelancers allow them to scale when needed as well as be able to hire experts for specific projects, reducing training costs and onboarding time,” said Ms. Anne Kirby, Founder of The Sweet Core in Lancaster, PA. “Millennials, born roughly between 1980 and 1996 who are now ages 22-37, hold first place with 47% freelancing, which is more than any other generation.”

Given the millennial generation’s deep understanding of emerging technologies, it is not surprising that many chose to pursue non-traditional careers in the gig economy. The gig economy offers millennials the freedom and flexibility they desire, without the headache of searching for clients.

Full testimony can be found HERE, and full hearing video can be found HERE.

Senate Passes Bill to Protect Critical Small Business Loan Program

House Small Business Committee News - Tue, 06/05/2018 - 12:00am

WASHINGTON – Today, the Senate passed H.R. 4743, the Small Business 7(a) Lending Oversight Reform Act, to increase the Small Business Administration’s (SBA) oversight authority over the 7(a) Loan Program. The bipartisan and bicameral legislation was introduced by House Committee on Small Business Chairman Steve Chabot (R-OH), and Senate Small Business and Entrepreneurship Committee Chairman Jim Risch (R-ID), and Ranking Member Nydia Velázquez (D-NY) and Jeanne Shaheen (D-NH).

“Today’s Senate passage takes us one step closer to seeing a bill become law that will help small business owners get the capital they need to start and grow their companies. The 7(a) Loan Program has been one of the SBA’s most popular and critical programs in helping small businesses succeed. This legislation will also direct the SBA to keep a closer eye on the program to ensure it continues to run smoothly for small businesses, while also making sure taxpayer dollars are safeguarded,” said Chairman Chabot.

“For small businesses that have trouble securing credit elsewhere—the 7(a) program is a lifeline. This bill will enact needed reforms to increase transparency and ensure that the program fulfills its mission, to help small firms access capital and create new jobs. Importantly, we must be prepared for periods of high demand for these loans, and that is why I am proud to have secured a provision in this bill to raise the 7(a) lending cap and prevent an unintended shutdown of the program. I thank Chairman Chabot for his leadership and willingness to work in a bipartisan manner to advance this crucial legislation. Now that this bill has cleared the Senate, I look forward to it swiftly being signed into law,” said Ranking Member Velázquez.

Specifically, the Small Business 7(a) Lending Oversight and Reform Act protects the program by:

  • Strengthening SBA’s Office of Credit Risk Management by outlining in statute the responsibilities of the office and the requirements of its director;
  • Enhancing SBA’s lender oversight review process, including increasing the office’s enforcement options;
  • Requiring SBA to detail its oversight budget and perform a full risk analysis of the program on an annual basis; and
  • Strengthening SBA’s Credit Elsewhere Test by clarifying the factors that must be considered.

Since its introduction, the House Small Business Committee has held several hearings reviewing the effectiveness and integrity of the program.

House Passes FY2019 NDAA with Small Business Reforms

House Small Business Committee News - Thu, 05/24/2018 - 12:00am

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH), released the following statement upon House passage of the FY2019 National Defense Authorization Act (NDAA), which includes small business provisions introduced by the House Committee on Small Business:

“Small businesses play an immeasurable role in keeping America safe and strong. Not only are they the lifeblood of the economy, but they also the lifeblood of our nation’s industrial base,” said Chairman Chabot. “The common sense reforms in this bill will open new avenues for small businesses to flourish in our economy.”

Versions of the following bills were included in FY19 NDAA:

  • H.R. 2056, the Microloan Modernization Act
  • H.R. 4754, the Change Order Transparency for Federal Contractors
  • H.R. 2333, the Small Business Investment Opportunity Act
  • H.R. 2364, the Investing in Main Street America Act 
  • Significant portions of H.R. 2763, the Small Business Innovation Research and Small Business Technology Transfer Improvements Act, were also included

Chairman Chabot’s Statement on the Passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act

House Small Business Committee News - Wed, 05/23/2018 - 12:00am

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement upon House passage of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act:

“As Chairman of the Committee on Small Business, I hear consistently about the negative effects of flawed and burdensome regulations on our community banks and credit unions.  It is these small financial institutions that fuel our local economies and give hope to those who want to start their own version of the American dream,” said Chairman Steve Chabot. “The reforms included in this package, which will now be sent to the President’s desk, will put American Main Street businesses on the path to job creation and expansion. I applaud Chairman Hensarling and the Financial Services Committee for spearheading this comprehensive reform package in the House.”

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Chairman Chabot’s Statement on House Passage of H.R. 5044, the Service-Disabled Veterans Small Business Continuation Act

House Small Business Committee News - Mon, 05/21/2018 - 12:00am

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement upon the House passage of his bill, H.R. 5044, the Service-Disabled Veterans Small Business Continuation Act:

“America owes a debt of gratitude to not only members of our military, but also their families. My bill ensures that the surviving spouses of service-disabled veteran-owned small businesses are able to retain the service-disabled veteran-owned status of their small business for a period of time after the passing of their veteran spouse,” stated Chairman Chabot. “Most importantly, this bill provides peace of mind for surviving spouses of veteran business owners.”

Chairman Chabot has made veteran small business issues a key pillar for the Committee on Small Business during his tenure. The Committee has held multiple hearings on veterans’ business development and has successfully passed veterans-related bills such as the Veterans Entrepreneurship Act, which has since been signed into law.

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Hotline Truths II: Audit Reveals Inconsistencies in Defense Subcontracting

House Small Business Committee News - Thu, 05/17/2018 - 10:00am

The Subcommittee on Contracting and Workforce will meet for a hearing titled, “Hotline Truths II: Audit Reveals Inconsistencies in Defense Subcontracting.”  The hearing is scheduled to begin at 10:00 A.M. on May 17, 2018 in Room 2360 of the Rayburn House Office Building.

As part of the Subcommittee’s ongoing efforts to identify waste, fraud and abuse in federal contracting and to ensure that small contractors have the opportunity to compete, the Subcommittee will hear testimony from the Department of Defense Inspector General (DODIG) concerning the results of a recent audit.  As a result of hotline complaints, the DODIG has been reviewing contracting activities for compliance with the Small Business Act.  The hearing will allow the Subcommittee to learn about the findings of this audit and compare these findings with earlier DODIG audits examining small business subcontracting at other service branches.  

Attachments
1. Hearing Notice
2. Witness List 

Witness List
Mr. Michael J. Roark
Assistant Inspector General
Readiness and Global Operations
Office of Inspector General
Department of Defense
Alexandria, VA

Mr. Tommy L. Marks
Director
Army Office of Small Business Programs
Office of the Secretary of the Army
Washington, DC

Ms. Tiffany S. Scroggs
President
Association of Procurement Technical Assistance Centers
Lacey, WA

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