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  • NFIB Small Business Index Shows Increased Capital Spending and Hiring
    Posted in Press Releases on August 13, 2019 | Preview rr

    WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its July 2019 Small Business Optimism Index, which reports continued small business optimism and increased expansion, wage growth, and hiring. According to the July 2019 NFIB survey: 57 percent of owners reported capital expenditures, up three points from June 2019 32 percent reported higher worker compensation, up four points Reports of hiring or trying to hire rose five points to a net 63 percent of firms “I’m ... Read more

  • Ranking Member Chabot Praises Steady Job and Wage Growth
    Posted in Press Releases on August 2, 2019 | Preview rr

    WASHINGTON - Today, House Committee on Small Business Ranking Member Steve Chabot (R-OH) released the following statement after the United States Department of Labor announced that nonfarm employment rose by 164,000 in July and hourly earnings increased by 3.2 percent over the past 12 months. In addition, the National Federation of Independent Business (NFIB) reported that 32 percent of small business owners reported raising wages, an increase of 4 percent from June. “I’m pleased to see the cont... Read more

  • Young Farmers Emphasize Numerous Barriers to Entry
    Posted in Press Releases on July 25, 2019 | Preview rr
    Tags: Rural America

    WASHINGTON – Today, the House Committee on Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship heard from a panel of farmers and experts on the challenges facing the next generation of small agricultural businesses. “Communities in my district and across the country rely on 2.2 million farms in the United States. Of these, 88 percent are small, and only 20 percent are operated by new and beginning farmers and ranchers,” said Rep. Jim Hagedorn (R-MN), Acting... Read more

  • Tax Cuts and Jobs Act Working for Countless Small Businesses
    Posted in Press Releases on July 24, 2019 | Preview rr
    Tags: Tax Reform

    WASHINGTON – Today, the House Committee on Small Business heard from a panel of experts and small business owners about the benefits of the 2017 Tax Cuts and Jobs Act. “When small business owners are using the Tax Cuts and Jobs Act to reinvest in their companies, their employees, and their communities, the intended effect of that legislation is being realized all across America,” said Ranking Member Steve Chabot (R-OH). “As a result, the small business economy is healthier now as compared to a f... Read more

  • Small Business Committee Passes Five Bipartisan Bills
    Posted in Press Releases on July 17, 2019 | Preview rr

    WASHINGTON – Today, the House Committee on Small Business held a markup of legislation to provide vital protection for members of the military, veterans, and their spouses. All five bills passed through Committee by voice vote. “Today’s five bills focus on our nation’s heroes—our veterans, service-disabled veterans, Reservists, National Guard members, and their spouses… Increasingly, veterans are choosing to open their own small businesses. Research has shown that service members are especially ... Read more

  • Barriers and Opportunities for Small Business Contractors
    Posted in Press Releases on July 16, 2019 | Preview rr

    WASHINGTON – Today, the House Committee on Small Business Subcommittee on Contracting and Infrastructure heard from small business owners and experts on the barriers and opportunities that exist for small business contractors in the federal procurement marketplace. “The federal government has long stood by the policy that the government should aid, counsel, assist, and protect the interests of small business concerns in order to maintain the strength and overall economy of our nation,” said Rank... Read more

  • Ranking Member Chabot Lauds Passage of Bipartisan Small Business Legislation
    Posted in Press Releases on July 16, 2019 | Preview rr

    WASHINGTON – Last night, the U.S. House of Representatives adopted five bipartisan bills reported out of the Small Business Committee. Following passage of this legislation, House Committee on Small Business Ranking Member Steve Chabot (R-OH) said, “The legislation passed today strengthens the resources available to small businesses. I thank Chairwoman Velázquez and my colleagues on both sides of the aisle for their hard work in passing this legislation.” H.R. 2142, To amend the Small Business A... Read more

  • Representatives Burchett and Kim Introduce Bipartisan Legislation to Help Reservist Small Business Owners
    Posted in Press Releases on July 15, 2019 | Preview rr

    WASHINGTON – Last week, House Committee on Small Business members Representative Tim Burchett (R-TN) and Representative Andy Kim (D-NJ) introduced H.R. 3661, the Patriotic Employer Protection Act, which would strengthen Small Business Administration (SBA) programs that protect small business owners whose employees are members of the National Guard and Reserve deployed on active duty. “Men and women in East Tennessee and across the United States serve in the National Guard and Reserve in defense ... Read more

  • Holding the SBA Accountable for Mismanagement of SCORE
    Posted in Press Releases on July 11, 2019 | Preview rr

    WASHINGTON - Today, the House Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations heard from the Small Business Administration (SBA) Inspector General (IG) and Associate Administrator for the SBA’s Office of Entrepreneurial Development (OED) regarding the Inspector General’s audit of the SCORE program. The report, “Audit of SBA’s Oversight of the SCORE Association,” found commingling of restricted funds with unrestricted funds, lack of a uniform financial manag... Read more

  • Veterans Advocate for Entrepreneurship Programs and Reduced Red Tape
    Posted in Press Releases on July 10, 2019 | Preview rr

    WASHINGTON – Today, the House Committee on Small Business heard from veteran small business owners on legislation that would assist veteran entrepreneurship. “Today, we are asking for input on what I believe is a strong, bipartisan package of bills that we hope to mark up later this month,” said Ranking Member Steve Chabot (R-OH). “Each of these bills has a Member of both parties as an original sponsor and cosponsor.” Programs Show Promise; Administrative Hurdles Remain "[The] SBA is aptly poise... Read more