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Chairman Chabot Seeks Information from IRS on the Effect of Obamacare on Small Businesses

Thu, 12/14/2017 - 12:00am

WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) sent a letter to David Kautter, Acting Commissioner of the Internal Revenue Service (IRS), requesting more information about the IRS’s recent enforcement of the Affordable Care Act (ACA) employer mandate.

While ACA exempted businesses with 50 or fewer employees from the employer mandate, businesses with 51 or more employees who work 30 or more hours a week were classified as applicable large employers and were made subject to inflation adjusted shared responsibility payments if they had not offered ACA qualified health insurance.

The ACA’s definition of large employers is out of line with the rest of the federal government and the Obama Administration failed to enforce this rule for years.

 “While the IRS, like other federal agencies, is obligated to enforce the laws under its jurisdiction, this sudden change has caught and will catch many employers by surprise,” said Chairman Chabot. “After the Obama-era IRS failed to enforce the law for several years, these small businesses are now subject to random and abrupt collection of these payments by the IRS.”

The full letter to the IRS can be read HERE.

The House Committee on Small Business has heard testimony from numerous small business employees and owners about how Obamacare has cost jobs and opportunities in communities across the United States and needs to be repealed and replaced. 

Chairman Chabot Applauds President Trump’s Signing of the NDAA

Tue, 12/12/2017 - 12:00am

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after President Trump signed the Fiscal Year 2018 National Defense Authorization Act (NDAA) into law:

“Today is a great day for our nation’s military and our nation’s entrepreneurs and innovators. I applaud the President for signing this overwhelmingly bipartisan bill that not only funds our military, but also is a win for America’s 29 million small businesses.”

Some small business-friendly provisions signed into law include:

  • H.R. 1773, the Clarity for America’s Small Contractors Act of 2017, sponsored by Chairman Steve Chabot (R-OH), co-sponsored by Ranking Member Nydia Velázquez (D-NY)
  • H.R. 3294, the HUBZone Unification and Business Stability Act  of 2017, sponsored by Ranking Member Nydia Velázquez (D-NY) and Chairman Steve Chabot (R-OH)
  • H.R. 1597, the Commercial Market Representatives Clarification Act of 2017, sponsored by Rep. Dave Brat (R-VA), co-sponsored by Rep. Steve Knight (R-CA) and Rep. Stephanie Murphy (D-FL); and
  • H.R. 1693, the Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2017, sponsored by Rep. Yvette Clarke (D-NY), co-sponsored by Rep. Brian Fitzpatrick (R-PA)

Note: Chairman Chabot, upon the passage of the NDAA conference report, said, “Small businesses play a vital and indispensable role in providing for the common defense, and I thank both Chambers for recognizing their contribution to the safety of our homeland.

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Bridging the Entrepreneurial Gap: Addressing Barriers to Small Business Formation and Growth

Mon, 12/11/2017 - 9:30am

The Committee on Small Business Subcommittee on Agriculture, Energy, and Trade will meet for a field hearing titled, “Bridging the Entrepreneurial Gap: Addressing Barriers to Small Business Formation and Growth.” The hearing is scheduled to begin at 9:30 A.M. on Monday, December 11, 2017 in Room 209 of the Village of Deerfield Hall, 850 Waukegan Road, Deerfield, IL

This hearing will examine federal regulations that inhibit entrepreneurs and provide Subcommittee Members an opportunity to learn about the current barriers to entrepreneurship.  It will also examine potential solutions to these challenges and methods utilized by entrepreneurs to achieve prosperity, such as capitalizing on emerging industries and fostering innovation.

Attachments
1. Hearing Notice
2. Witness List

Witnesses
Mr. Steven Whittington
Founder and Chief Executive Officer
LifeWorking Enterprise, LLC
Lake Forest, IL

Ms. Meg Barnhart
Founder and Co-Creator
The Zen of Slow Cooking
Lake Forest, IL

Mr. David Borris
Owner
Hel’s Kitchen Catering
Northbrook, IL

Ms. Cheryl Besenjak
Partner
Grow Well Farms, LLC
Hoffman Estates, IL

The Hill: Requiring Federal Regulators to Consider How Regulations Will Affect Small Businesses

Mon, 12/11/2017 - 12:00am

WASHINGTON – This week, House Committee on Small Business Chairman Steve Chabot (R-OH) wrote an op-ed with House Judiciary Chairman Bob Goodlatte (R-VA), Senate Small Business Chairman Jim Risch (R-ID) and Senator James Lankford (R-OK) for The Hill on how Congress should do more when considering how regulations affect small businesses:

Every day, millions of American small business owners and their employees work hard to develop products, provide services, and create jobs that grow our economy. They are mom-and-pop stores, restaurants, tech startups, family farms, manufacturers, and distributors—they are our nation’s entrepreneurs. They are hardworking Americans. And they continue to work hard, even while navigating a tangled web of complex and costly regulations. 

We are encouraged by the Administration’s efforts to ease this burden, including an Executive Order requiring the cost of any one new regulation to be offset by the removal of at least two existing regulations. However, it is Congress, and not the Executive Branch, that has the opportunity—and the obligation—to provide real, meaningful, and permanent regulatory relief for small businesses. They certainly don’t need or want another do-nothing bill or press release that pays lip service without delivering actual change. They need regulatory reform—reform which ensures regulators in future administrations actually listen to and take seriously the concerns of America’s small businesses.

Some of us in Congress are listening. During a House Small Business Committee hearing in September, one witness, Philip Howard, who testified on behalf of Common Good, a non-partisan coalition that focuses on simplifying government, told the Committee about one specific regulation bogging down small businesses: “Worker safety. For example, we literally have thousands of rules telling people helpful things like stairwell shall be lit by artificial or natural light.  How else can they be lit?”  Howard concluded, “These things have almost nothing to do with what makes the workplace safe.”

Small businesses need real regulatory reform like H.R. 33, the Small Business Regulatory Flexibility Improvements Act, which passed the House as part of a larger regulatory reform package on January 11, 2017, and the Senate companion, S. 584, which passed the Senate Homeland Security and Governmental Affairs Committee on May 17, 2017.

That is why our Senate Democrat colleagues need to put aside their partisanship and support this bill.

Read the full article from The Hill HERE.

Chairman Chabot on the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017

Thu, 12/07/2017 - 12:00am

WASHINGTON—Today, House Small Business Committee Chairman Steve Chabot made the following statement regarding H.R. 477, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017.

As Chairman of the Committee on Small Business, I frequently hear how regulations are preventing growth and expansion. The bill before us today addresses one of the many regulatory hurdles that stand in the way of small business development,” said Chairman Chabot.

Chabot continued, “This should be a time of expansion and increased opportunities, not costs and bureaucratic red tape. Let’s continue to work together on behalf of the small businesses so that they can continue to grow today and create the jobs of tomorrow.”

Click HERE to watch Chairman Chabot’s floor speech and HERE to read the full bill.   

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Cincinnati Business Courier: Helping Greater Cincinnati Minority Entrepreneurs Succeed

Mon, 12/04/2017 - 12:00am

A decade ago, Ohio was considered a fly-over state. But today, the state is gaining ground on big startup regions. Cincinnati in particular has seen a number of changes in the past few years, including more capital, mentors, incubators and accelerators ready to guide the next generation of innovators.  

With a goal of pitching ideas to investors during a demo day – think “Shark Tank” – accelerators put entrepreneurs through a fixed-term, group-based program that focuses on mentorships. 

Though the accelerator model is not new, women and minorities still only make up a small share of accelerator participants. Fortunately, minority and women-focused accelerators have increasingly opened their doors over the last few years, many of which are right here in Cincinnati. 

The Hillman Accelerator was launched this year by former Cincinnati Bengals star Dhani Jones, Candice Matthews and Ebow Vroom with the intent of increasing diversity in tech startups, particularly among minority and women entrepreneurs. 

On July 10, 2017, Hillman welcomed its pilot cohort for a four-month program for tech companies led by underrepresented – African-American, Hispanic, Asian and/or woman – founders. Hillman invested $100,000 per founding team and delivered invaluable services such as business modeling, fundraising leadership, strategy development and legal consultations that helped position the teams for growth. 

According to the Minority Entrepreneur Connectivity Assessment, a study released earlier this year by Sean Rugless at the Katalyst Group, ethnic minority firms make up only 3 to 4 percent of the total clients served by state-supported pre-seed funds in Ohio.

On May 3, the House Committee on Small Business heard from entrepreneurs who are using their resources and knowledge to help other entrepreneurs succeed. 

One witness, Ms. Carolyn Rodz, founder and CEO of Circular Board in Houston, told the committee, “If women and men participated equally in the entrepreneurial ecosystem, the United States’ GDP could rise by $30 billion. Yet in spite of this, less than 5 percent of venture capital goes to female founders, and when we start to look at minorities, the numbers are significantly lower.”

Hillman is tearing down these walls as it seeks to empower underrepresented communities in tech by investing in their ideas, developing their talent and creating a runway for their future. 

In their first 12 weeks, Hillman’s pilot cohort created 11 new full-time jobs and four part-time jobs, helped a company secure a paid contract with a large hospital system, engaged business and community mentors throughout the region for more than 400 volunteer hours and attracted over $2 million in venture capital from outside the state of Ohio.

As the Small Business Committee continues to fight for small businesses, accelerators like Hillman will make Ohio a leader in technology and innovation for entrepreneurs.

Highway to Headache: Federal Regulations on the Small Trucking Industry

Wed, 11/29/2017 - 11:00am

The Committee on Small Business will meet for a hearing titled, “Highway to Headache: Federal Regulations on the Small Trucking Industry.”  The hearing will take place at 11:00 A.M. on Wednesday, November 29, 2017 in Room 2360 of the Rayburn House Office Building.

The trucking industry plays a critical role in the United States economy.  America’s businesses rely on the trucking industry to transport and deliver all types of goods and products.  Many trucking companies can be as small as a one-person business and are subject to many of the same federal requirements as large trucking companies, including transportation safety regulations, environmental regulations, worker safety regulations, and labor regulations.  Industries that rely on the trucking industry or use trucking as part of their business model can also be subject to many of the same regulations.  This hearing will examine how federal regulations affect the small trucking industry and explore ways to provide regulatory relief to the industry.

Attachments
1. Hearing Notice
2. Witness List

Witnesses
Mr. Monte Wiederhold
President
B.L. Reever Transport, Inc.
Maumee, OH
*Testifying on behalf of the Owner-Operated Independent Drivers Association

Mr. Marty DiGiacomo
Owner
True Blue Transportation
Harrisburg, NC
* Testifying on behalf of the National Association of Small Trucking Companies

Mr. Stephen Pelkey
Chief Executive Officer
Atlas PyroVision Entertainment Group, Inc.
Jaffrey, NH
* Testifying on behalf of the American Pyrotechnics Association

Mr. Tommy Phillipou
Partner
DKN Ready Mix
Long Island City, NY
* Testifying on behalf of the National Ready Mixed Concrete Association

Highway to Headache: Federal Regulations Affecting the Small Trucking Industry

Wed, 11/29/2017 - 12:00am

WASHINGTON – Today, the House Committee on Small Business held a hearing to examine how federal regulations affect the small trucking industry and explore ways to provide regulatory relief to them.

With many regulations taking a one-size-fits-all approach, small trucking companies are forced to comply with expensive, confusing, and time-consuming regulations. This is not only costing small businesses, but America’s economy as a whole, through lost time and delays in receiving all types of goods and products,” said Chairman Chabot (R-OH).

One-Size-Fits-All Regulations Don’t Work for the Trucking Industry

Small trucking companies are subject to many of the same federal requirements as large trucking companies, and the regulations tend to take a one-size-fits-all approach.  Industries that rely on the trucking industry or use trucking as part of their business model can also be subject to many of the same burdensome regulations.

Frequently, regulations promoted by these large fleets are disingenuously billed as silver bullet solutions to enhancing highway safety, despite a distinct lack of reputable evidence to support their claims. In reality, they are economic weapons used to squeeze smaller competitors out of the trucking industry by increasing their operating costs. Continuance of the ‘one-size-fits-all’ approach has left the federal government complicit,” said Monte Wiederhold, President of B. L. Reever Transport, Inc. in Maumee, OH.

“Small business trucking bears a heavy load of rules, regulations, and red tape that are counterproductive to their stated intentions. These regulations, such as the inflexible HOS [Hours of Service] rules, the CSA [Compliance Safety Accountability] program, and the ELD [Electronic Logging Device] mandate add costs, time, and attention, as well as sap small firms’ resources unnecessarily. Instead of making the road safer, these rules and government mandates make both truckers and the driving public less safe,” said Marty DiGiacomo, Owner of True Blue Transportation in Harrisburg, NC.

“Our major concern with the current regulatory structure is that small industry stakeholders are continually swept into these ‘one size fits all’ transportation regulations that are best suited for large commercial companies,” said Stephen Pelkey, Chief Executive Officer of Atlas PyroVision Entertainment Group, Inc. in Jaffrey, NH. “There are often many ways to achieve the same goals, and if small businesses are to survive, the DOT [Department of Transportation] regulatory agencies need to do a better job in recognizing the differences between small and big businesses, and that different approaches may be necessary.”

Chairman Chabot introduced H.R. 33, the Small Business Regulatory Flexibility Improvements Act, to ensure that federal agencies actually examine how their new regulations would impact small businesses and require them to consider ways to reduce unnecessary costs and burdens. The bill was included in a larger bill, H.R. 5 – the Regulatory Accountability Act – which passed the House with a bipartisan vote in January.

Click HERE to watch the full video, and HERE to read the testimony. 

House Small Business Committee Welcomes Rep. John Curtis

Wed, 11/29/2017 - 12:00am

WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement following the appointment of Rep. John Curtis (R-UT) to the Committee:

From serving the city of Provo, Utah, to building a multi-million dollar business, Rep. Curtis will make a great addition to the our committee, bringing his experience as a small business owner to help our nation’s small companies. We look forward to working with him.”

After being named to the Committee, Curtis said, “Serving on the House Small Business Committee is a tremendous opportunity for me to serve the people of the 3rd Congressional District and I'm ready to get to work for them. Utahn's know that our small businesses - including our startups and our small business manufacturers - are the backbone of our economy.”

John R. Curtis proudly represents Utah’s 3rd Congressional District in the United States Congress. In addition to serving on the House Committee on Small Business, he will also be serving on the House Foreign Affairs Committee. 

Chairman Chabot Votes in Favor of the Tax Cuts and Jobs Act

Thu, 11/16/2017 - 12:00am

WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement following the House passage of H.R. 1, the Tax Cuts and Jobs Act:

 

“As Chairman of the House Committee on Small Business, I want to ensure the tax code works for our nation’s job creators, not against them. H.R. 1 will reduce taxes for small businesses from a top rate of almost 40 percent down to 25 percent, and includes an additional, lower tax rate of 9 percent for the smallest of small businesses. Additionally, it will create tens of thousands of jobs for the people of Ohio and across the country and allow Americans to keep more of their hard-earned paychecks.”

 

Federal Government and Small Businesses: Promoting Greater Information Sharing for Stronger Cybersecurity

Wed, 11/15/2017 - 11:00am

The Committee on Small Business will meet for a hearing titled, “Federal Government and Small Businesses: Promoting Greater Information Sharing for Stronger Cybersecurity.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, November 15, 2017 in Room 2360 of the Rayburn House Office Building.

Small businesses are prime targets for cyber attackers and the threat continues to grow. Unfortunately, small business owners face an uphill battle in protecting themselves from bad actors because they often lack the resources required to employ the best defenses.  As the federal government and private sector continue to take steps to strengthen small business cybersecurity, the lack of information sharing between federal and private partners poses a major hurdle to effectively combatting cyber attacks. The hearing will examine how federal agencies can encourage greater information sharing with small businesses and provide timely assistance and resources when a cyber attack on a small business occurs. Additionally, the hearing will examine the policies that discourage small businesses from engaging with federal agencies for cybersecurity assistance.

Attachments
1. Hearing Notice
2. Witness List

Witnesses
Mr. Rob Arnold
Founder & Chief Executive Officer
Threat Sketch, LLC
Winston-Salem, NC

Ms. Ola Sage
Chief Executive Officer
e-Management
Silver Spring, MD

Mr. Morgan Reed
President
ACT | The App Association
Washington, DC

Mr. Thomas Gann
Chief Public Policy Officer
McAfee, LLC
Reston, VA 

Promoting Greater Information Sharing for Stronger Cybersecurity

Wed, 11/15/2017 - 12:00am

WASHINGTON – Today, the House Committee on Small Business held a hearing to examine how federal agencies can encourage greater information sharing with small businesses and provide timely assistance and resources when a cyber attack on a small business occurs.

 “This Committee has heard from experts, government officials, and small business owners on numerous occasions that cyber threats remain a top concern for America’s small business community. Information sharing is a fundamental component for a strong and effective cybersecurity defense, not just for small businesses but for America’s network as a whole. The federal government must make every effort possible to ensure that small businesses have both the resources and the confidence they need to actively engage with the federal agencies tasked with protecting our critical infrastructure,said Chairman Chabot (R-OH).

Cyber Threats Remain a Top Concern for Small Businesses

While the federal government has made a serious effort to coordinate and distribute cyber security resources directly to small businesses, challenges still remain in ensuring that they are protected from cyber attacks.

“Small businesses are extremely resourceful. Having quality incident reporting and cyber intelligence flowing to the small business community lets us build solutions for ourselves. Our biggest challenge, in that regard, is collecting and aggregating data from a wide array of sources,” said Rob Arnold, CEO & Founder of Threat Sketch, LLC in Winston-Salem, NC.

“Recent ransomware attacks have been devastating with 1 in 5 companies forced to immediately shut down operations for three days and in some cases, more than two weeks, said Ola Sage, Founder and CEO of e-Management and Co-Founder and CEO of CyberRx in Silver Spring, MD. ”Solving this problem requires greater information sharing between the government and the SMB community to help companies better identify threats, protect their infrastructure, detect anomalies, respond to, and recover from significant cyber events.”

“In 2014, 71 percent of companies admitted they fell victim to a successful cyber-attack. Meanwhile, the amount of data online is expected to increase 50-fold by 2020, signaling accelerated tech innovation but also adding new attack vectors due to increased connectivity and a sweetening of the pot for potential cyber criminals. Cybersecurity risk management strategies must keep pace with this growing threat – a task that evolves as more online traffic and commerce is dedicated to the internet of things,” said Morgan Reed, President of ACT | The App Association in Washington, DC.

“We have to acknowledge the fact that for most small businesses, cybersecurity is an expense they don’t want to incur when they’re trying to simply make payroll and remain profitable,” said Thomas Gann, Chief Public Policy Officer of McAfee, LLC in Reston, VA.  “This doesn’t mean that small businesses don’t need or can’t benefit from cyber threat intelligence; they certainly can. But perhaps we should focus our discussion more on sharing a different kind of information – information that is more informative and educational right away.”

Chairman Chabot Applauds Small Business Legislation in NDAA

Tue, 11/14/2017 - 12:00am

WASHINGTON—Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement regarding the passage of the FY2018 National Defense Authorization Act (NDAA) conference report:

“Not only does the NDAA include the largest pay increase for our nation’s armed forces, it also is a win for America’s 29 million small businesses,” said Chairman Steve Chabot. “Small businesses play a vital and indispensable role in providing for the common defense, and I thank both Chambers for recognizing their contribution to the safety of our homeland.”

Among other beneficial small business provisions, versions of the following bills were included in the FY2018 NDAA:

  • H.R. 1773, the Clarity for America’s Small Contractors Act of 2017, sponsored by Chairman Steve Chabot (R-OH), co-sponsored by Ranking Member Nydia Velázquez (D-NY)
  • H.R. 3294, the HUBZone Unification and Business Stability Act  of 2017, sponsored by Ranking Member Nydia Velázquez (D-NY) and Chairman Steve Chabot (R-OH)
  • H.R. 1597, the Commercial Market Representatives Clarification Act of 2017, sponsored by Rep. Dave Brat (R-VA), co-sponsored by Rep. Steve Knight (R-CA) and Rep. Stephanie Murphy (D-FL)
  • H.R. 1640, the Unifying Small Business Terminology Act of 2017, sponsored by Ranking Member Nydia Velázquez (D-NY)
  • H.R. 1693, the Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2017, sponsored by Rep. Yvette Clarke (D-NY), co-sponsored by Rep. Brian Fitzpatrick (R-PA)
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Mid-Sized Businesses: Too Big to be Small and Too Small to be Big

Tue, 11/14/2017 - 12:00am

WASHINGTON—Today, Chairman Steve Chabot (R-OH) and the House Committee on Small Business held a bipartisan roundtable to hear from advanced small and mid-tier businesses and industry experts on the challenges to growth and success. 

 “After a small business has proven its success by growing out of its small size standard, it exists in a murky limbo – it is too large to benefit from small business set-asides, yet is too small to compete with billion dollar firms,” said Chairman Steve Chabot.  “Our goal is to learn more about what is happening to advanced small—or mid-tier—businesses.”

The roundtable provided a forum for Members to learn about this middle market and the disparities from small to mid-tier business owners, academia, trade organizations, and subject-matter experts.

Data on these mid-tier companies is minimal, but preliminary evidence shows these firms are limited to a few options: relegate themselves to subcontracting opportunities; sell the company to a larger firm; or try to compete in full and open markets. 

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ICYMI: Chairman Chabot Talks Veterans and Small Businesses in The Hill

Mon, 11/13/2017 - 12:00am

WASHINGTON – Last week, House Committee on Small Business Chairman Steve Chabot (R-OH) wrote an op-ed for the Hill on veterans starting small businesses once they return from the battlefield, and the tools they need to succeed.

When our nation’s military men and women return home after service, they not only deserve our gratitude, but often times need our help. Many who return do so with the dream of starting their own business. Not surprisingly, those who have served in the military already possess many of the same skills – such as leadership, discipline and fortitude - that make great entrepreneurs and business owners. Once they return, they just need the tools and resources to see their dream through,” said Chairman Chabot.

Chabot continued, “As Chairman of the House Committee on Small Business, I recognize how important it is to celebrate America’s veteran entrepreneurs and the contributions they have made to our economy. Each year, we do so during Veterans Small Business Week, particularly because the 2.5 million veteran-owned businesses in the U.S. hire more than 5 million employees.”

To continue reading the full article, click HERE.

ICYMI: Congress Should Finish Strong with Small Business Tax Cuts

Thu, 11/09/2017 - 12:00am

WASHINGTON- This week, Congressman Bill Johnson (R-OH) wrote an op-ed on why lawmakers need to finish the year strong by providing tax cuts for small businesses.

Here in Ohio, small businesses are an especially big deal. A whopping 99.6 percent of our companies are small businesses, according to figures from the U.S. Small Business Administration. They employ over two million Ohioans, making up 46 percent of all employees in-state. In the latest Kauffman Foundation rankings, Columbus and Cleveland both placed in the top-30 metro areas nationwide for entrepreneurial growth rates,” said Johnson.

Johnson continued,In the U.S. House of Representatives, the Small Business Committee is chaired by Ohio’s very own Rep. Steve Chabot. He’s well aware that small businesses – and the economic growth they provide – are being held back by onerous taxes.”

Click HERE to read the full article.

Additionally, in July Chairman Chabot sent a letter to the Ways and Means Committee requesting that small businesses have a voice in tax reform.  

Hiring More Heroes: A Review of SBA’s Office of Veterans Business Development

Wed, 11/08/2017 - 12:00am

WASHINGTON—Ahead of Veterans Day, Members of the House Committee on Small Business heard testimony from Ms. Barbara Carson, the Associate Administrator of the Office of Veterans Business Development at the United States Small Business Administration (SBA), on the tools and resources veterans can access to start or expand their small business.

Our nation’s veterans make extraordinary sacrifices, put their lives on the line, and keep our country safe. They are our fathers, mothers, siblings, and friends. They are our heroes,” said Chairman Steve Chabot (R-OH).

However, veteran employment levels have historically fallen behind those of their nonveteran counterparts. This is often due to the difficulties veterans face when transitioning from the military to the workforce. Research shows that veterans face many barriers to employment that their peers do not, such as potential employers’ difficulty in understanding a military resume or the result of a service-connected disability. We can, and must, do better for them,” Chairman Chabot continued.

From the Battlefield to the Boardroom

America’s armed forces not only defend and protect our nation, but also learn the skillset needed to operate successful businesses. The SBA’s Office of Veterans Business Development was established to bridge the gap that exists between veteran and nonveteran employment levels.

The SBA is dedicated to serving aspiring and existing veteran business owners. About 2.5 million businesses are majority-owned by veterans, and nearly all veteran-owned businesses are small businesses and contribute approximately 1.4 trillion dollars to the nation’s total sales/receipts per year,” said Barbara Carson. “Many veteran business owners have gained important skills and leadership abilities that are often directly relevant to business ownership.”

The significance of access to capital is one of the greatest challenges small businesses face,” said Chairman Steve Chabot (R-OH). “This is why the Ranking Member and I introduced the Veterans Entrepreneurship Act a couple years back which was signed into law by the President.” 

Rep. Trent Kelly (R-MS), asked, “Of all the SBA’s loan programs that are targeting veterans, which ones are most popular for our veteran entrepreneurs?”  To which Ms. Carson replied, “We have the most participation in the 7(a) loan program.”

How do you measure success? Does your department have goals? And if they do, what are the big goals? Where we measure in business, we improve on,” said Rep. Rod Blum (R-IA).

Ms. Carson replied, “We measure things such as business starts, capital acquired, but because of the mission assigned, it will be tougher for that group [veterans]. The results have been increased participation by 12 percent in the last three years, and 55,000 were trained by Veterans Business Outreach Centers (VBOCs).”

Several Members of the Committee on Small Business have served, or are still serving, in the military. Mr. Kelly (R-MS), Mr. Knight (R-CA), Mr. Bacon (R-NE), and Mr. Marshall (R-KS), have all served their country honorably both on the battlefield and in the halls of Congress.

Click here to view full video and here to read full testimony.

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Chairman Chabot Commends House Passage of Save Local Business Act

Wed, 11/08/2017 - 12:00am

WASHINGTON - Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement upon House passage yesterday of H.R. 3441, the Save Local Business Act, legislation that will reverse an Obama-era scheme that threatens small businesses. Chairman Chabot is an original co-sponsor of the bill and, earlier this year, sent a letter to the House Education and Workforce Committee in support of H.R. 3441.

Small businesses have been hurting under this rule for years and it’s time we put an end to it. Under the new standard, a potential small business owner may avoid buying a franchise because of the risk of being punished for the actions of a franchiser. It has also created a lot of confusion and unnecessary challenges for job creators that just want to grow their companies,” said Chairman Chabot. “Today’s vote will restore certainty to America’s small business owners and their employees so they can continue to operate their businesses locally and independently.  Enacting this legislation will help ensure continued freedom for America’s best job creators.”

The Committee first held a roundtable in April 2015 on the emerging issue. NLRB then expanded its definition of the joint employer standard in August 2015. In March 2016, the Committee held a hearing titled, “Risky Business: Effects of New Joint Employer Standards for Small Firms” to examine the direct impact of the rule on small businesses.

To watch Chairman Chabot’s full remarks, click on the video below.

Investing in Small Businesses: The SBIC Program

Tue, 11/07/2017 - 10:00am

The Committee on Small Business Subcommittee on Agriculture, Energy, and Trade will meet for a hearing titled, “Investing in Small Businesses: The SBIC Program.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, November 7, 2017 in Room 2360 of the Rayburn House Office Building

This hearing will examine the United States Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program.  As the Committee continues to explore the issue of access to capital, this hearing will provide Members the opportunity to hear directly from participants in the SBIC Program.  

Attachments
1. Hearing Notice
2. Witness List

Witnesses

Mr. Brett Palmer
President
Small Business Investor Alliance
Washington, DC

Mr. Thies Kolln
Partner
Aavin Private Equity
Cedar Rapids, IA

Mr. Michael Painter
Managing Partner
Plexus Capital
Raleigh, NC

Investing in Small Businesses: The SBIC Program

Tue, 11/07/2017 - 10:00am

The Committee on Small Business Subcommittee on Agriculture, Energy, and Trade will meet for a hearing titled, “Investing in Small Businesses: The SBIC Program.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, November 7, 2017 in Room 2360 of the Rayburn House Office Building

This hearing will examine the United States Small Business Administration’s (SBA) Small Business Investment Company (SBIC) Program.  As the Committee continues to explore the issue of access to capital, this hearing will provide Members the opportunity to hear directly from participants in the SBIC Program.  

Attachments
1. Hearing Notice
2. Witness List 

Witnesses
Mr. Brett Palmer
President
Small Business Investor Alliance
Washington, DC 

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