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Ranking Member Chabot on Markup of Small Business Budget Views and Estimates for Fiscal Year 2021

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Washington, March 4, 2020 | comments

WASHINGTON – Today, Members of the House Committee on Small Business approved its Budget Views and Estimates for Fiscal Year 2021.  The Republican Members of the Committee will also submit Views and Estimates in addition to those submitted by the Full Committee.  Ranking Member Steve Chabot (R-OH) made the following remarks:

I want to first thank Chairwoman Velázquez and her staff for again working in a bipartisan manner on the Committee’s Budget Views and Estimates on the Small Business Administration’s Fiscal Year 2021 Budget.  I appreciate her willingness to work collegially as we meet our responsibilities to America’s small businesses.

The SBA and its programs can be essential to helping small firms expand, create jobs, and grow our economy.  The SBA helps many small businesses to access capital, provides counseling and training, and links entrepreneurs with mentors. 

In this Committee, it is our responsibility to provide our Views and Estimates to the Committee on the Budget to ensure that the SBA’s programs are working efficiently and effectively, on behalf of all small businesses all across this nation.  We must insist that the programs are transparent and make the best use of taxpayer dollars. 

Every small business starts as an idea.  America is a nation of creators, inventors, and risk-takers.  Our economy was structured to be driven by entrepreneurs and, in fact, most net job growth is from startups and new businesses. In fact, about 70 percent of the new jobs created in the American economy are created by America’s small businesses.

We are fortunate to have the SBA’s new Administrator, Jovita Carranza, to lead the agency into the future.  She has a distinguished record both in the private sector and as well as having been the Deputy SBA Administrator under President George W. Bush.  We look forward to seeing her vision in action.

The Chairwoman and I very often agree, but there are times when we don’t fully agree.  I will be voting for the Committee’s Budget Views and Estimates.  I will also be offering a motion later to submit Additional Views and Estimates of the Minority Members of the Committee.

Again, I want to thank the Chairwoman for working in a bipartisan manner… and I yield back.

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