Witnesses Explain Benefits of Intellectual Property Protections for America’s Innovators

WASHINGTON – Today, the House Committee on Small Business heard from a panel of experts on patent diversity and intellectual property (IP) protections. “Studies show that small business owners with IP protections can earn 32 percent more in revenue compared to their counterparts who have none. Firms with IP rights also pay, on average, 20 percent more in wages,” said Ranking Member Steve Chabot (R-OH). “In the 115th Congress I worked to get the SUCCESS Act passed. This law became the starting point for this hearing and gave the U.S. Patent and ... [...]

Small Business Committee Examines Innovations in Agriculture Technology

WASHINGTON – Today, the House Committee on Small Business Subcommittee on Innovation and Workforce Development heard from a panel of experts about the impact of agriculture technology (ag-tech) on the nation’s agriculture and food systems. “Having spent time working on our family’s farm myself, I understand the impact farmers have on their community and our nation,” said Ranking Member Troy Balderson (R-OH). “On the farm, [agriculture] technologies can increase productivity, reduce waste, and boost profits. On a larger scale, ag-tech entreprene... [...]

Ranking Member Chabot Applauds House Passage of the Prison to Proprietorship Act

WASHINGTON – Today, the U.S. House of Representatives passed H.R. 5078, the Prison to Proprietorship Act, which was reported out of the Small Business Committee. Following House passage of the bill, House Committee on Small Business Ranking Member Steve Chabot (R-OH) said, “We heard powerful testimony before the Committee about how entrepreneurship helps the incarcerated and formerly incarcerated reacclimate to society and get their lives back on track. This legislation provides a pathway for those incarcerated in federal prisons to be successf... [...]

Ranking Member Chabot Praises House Passage of Three Bipartisan Entrepreneurship Bills

WASHINGTON – Today, the U.S. House of Representatives adopted three bipartisan bills reported out of the Small Business Committee. Following House passage of this legislation, House Committee on Small Business Ranking Member Steve Chabot (R-OH) said, “Our nation’s entrepreneurs and small business owners drive the economy, create jobs, and spur innovation. The bills passed by the House today encourage entrepreneurship among the formerly incarcerated and ensure a level playing field for small businesses competing for federal contracts.” H.R. 5146... [...]

Ranking Member Chabot Statement on Senate Confirmation of Jovita Carranza as SBA Administrator

WASHINGTON – House Committee on Small Business Ranking Member Steve Chabot (R-OH) released the following statement after the U.S. Senate confirmed Jovita Carranza as the new Administrator of the U.S. Small Business Administration (SBA). “I congratulate Jovita Carranza on her confirmation as SBA Administrator,” Ranking Member Chabot said. “Her experience in the private sector and with the Small Business Administration demonstrate her qualifications to serve America’s 30 million small businesses. I’m confident that she will be an effective leader... [...]