House Small Business Committee

Unlocking Small Business Retirement Security

House Small Business Committee News - Wed, 03/27/2019 - 11:30am

The Committee on Small Business will meet for a hearing titled,“Unlocking Small Business Retirement Security.” The hearing is scheduled to begin at 11:30 A.M. on Wednesday, March 27, 2019 in Room 2360 of the Rayburn House Office Building.

Retirement security is one of the most important issues facing Americans today. Retirement benefits not only provide future financial security for business owners and employees, but also allow entrepreneurs the ability to attract and retain talented individuals as their businesses grow.  However, many retirement plans are complicated and expensive to start and maintain. These challenges lead many small business owners to forgo such a plan, leaving the employers and the employees without adequate retirement savings. The hearing will examine the options for small employers, the benefits and barriers they face in offering plans, and options for expanding coverage.


Hearing Notice 

Witnesses 

Ms. Martella A. Turner-Joseph 
Founding Partner
Joseph & Turner Consulting Actuaries, LLC 
New York, NY 
 *Testifying on behalf of the American Retirement Association 
Testimony

Mr. Paul F. Davidson
Director
Product Management Paychex, Inc.
Rochester, NY
Testimony

Mr. Keith Hall 
President and Chief Executive Officer
National Association for the Self-Employed
Washington, DC
Testimony


*Witness testimony will be posted within 24 hours after the hearing’s occurrence

Witness List
 

Cleared for Take-off? Implementation of the Small Business Runway Extension Act

House Small Business Committee News - Tue, 03/26/2019 - 10:00am

The Committee on Small Business Subcommittee on Contracting and Infrastructure will meet for a hearing titled, “Cleared for Take-off? Implementation of the Small Business Runway Extension Act.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, March 26, 2019 in Room 2360 of the Rayburn House Office Building.

H.R. 6330, the Small Business Runway Extension Act was signed into law on December 2018 and was designed to assist small business successfully bridge the gap between competing in the small business space and the open marketplace against larger companies. The Small Business Administration is working on regulations for the law’s implementation. The hearing will consider the current state of H.R. 6330’s implementation and potential solutions to mitigate any challenges during the process and if steps may be necessary to expand its reach.  


Hearing Notice 

Witnesses 

Mr. David Black
Partner
Holland & Knight 
Tysons, VA
Testimony

Ms. Megan C. Connor   
Partner
PilieroMazza PLLC
Washington, DC
Testimony 

Mr. Brian Morales 
President
ProCal Lighting 
Vista, CA
*Testifying on behalf of the National Electrical Contractors Association
Testimony 

Ms. Erin Allen   
President
Contemporaries, Inc.
Silver Spring, MD
*Testifying in her role as a board member on behalf of the Montgomery County Chamber of Commerce
Testimony 

 

*Witness testimony will be posted within 24 hours after the hearing’s occurrence

Witness List
 

“Flipping the Switch on Rural Digital Entrepreneurship”

House Small Business Committee News - Wed, 03/13/2019 - 11:30am

The Committee on Small Business will meet for a hearing titled, “Flipping the Switch on Rural Digital Entrepreneurship.” The hearing is scheduled to begin at 11:30 A.M. on Wednesday, March 13, 2019 in Room 2360 of the Rayburn House Office Building.

According to U.S. Census data, only 17 percent of businesses are located in rural areas despite 97 percent of the nation being classified as rural. Digital tools have changed the way many rural entrepreneurs are starting and growing their business. By embracing digital engagement, Main Street firms are experiencing greater sales both locally and globally. Yet, rural entrepreneurs still face challenges in fully utilizing digital technologies. The hearing will review the opportunities online technology holds and examine the barriers rural small businesses face in fully embracing it.


Hearing Notice 

Witnesses 

Mr. Dana F. Connors 
President & CEO
Maine State Chamber of Commerce
Augusta, ME
*Testifying on behalf of the Maine State Chamber

Mr. Jake Ward
President
Connected Commerce Council 
Washington, DC


*Witness testimony will be posted within 24 hours after the hearing’s occurrence

Witness List
 

“Challenges in SBA’s State Trade Expansion Program.”

House Small Business Committee News - Tue, 03/12/2019 - 10:00am

The Committee on Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship will meet for a hearing titled, “Challenges in SBA’s State Trade Expansion Program.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, March 12, 2019 in Room 2360 of the Rayburn House Office Building.

The hearing will review the state of the SBA State Trade Expansion Program (STEP). The Trade Facilitation and Trade Enforcement Act of 2015 directed SBA to establish the program to provide grants to states to increase the number of small businesses exploring trade opportunities. Members will hear how the SBA is performing in its management of the program along with compliance and grant challenges facing states and small businesses.


Hearing Notice 

Witnesses 

Ms. Kim Gianopoulos
Director of International Affairs and Trade
Government Accountability Office
Washington, DC
Testimony 

Mr. Hannibal “Mike” Ware
Inspector General
United States Small Business Administration
Washington, DC
Testimony


*Witness testimony will be posted within 24 hours after the hearing’s occurrence

Witness List
 

Small but Mighty: A Review of the SBA Microloan Program

House Small Business Committee News - Thu, 03/07/2019 - 10:00am

The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet for a hearing titled, “Small but Mighty: A Review of the SBA Microloan Program.” The hearing is scheduled to begin at 10:00 A.M. on Thursday, March 7, 2019 in Room 2360 of the Rayburn House Office Building.

The Small Business Administration’s (SBA) Microloan program has been in existence for over 20 years, and in that time, it has made a significant impact enhancing access to capital for America’s smallest businesses. In that time, the program has grown from a pilot program to a fully permanent program with success stories nationwide. However, for all the growth that the program has experienced, many of the rules governing it have not kept up with its growth. The hearing will review the program, how it functions, and explore what changes to the program would maximize its performance and efficiency.


Hearing Notice 

Witnesses 

Ms. Ceyl Prinster
President & CEO
Colorado Enterprise Fund
Denver, CO
Testimony 

Ms. Carolina Martinez 
CEO
California Association for Micro Enterprise Opportunity
San Francisco, CA
Testimony 

Ms. Mariama Jallow
Owner
Mariama's Beauty Supply
Portland, ME
Testimony 

Ms. Michelle Richards
Executive Director
Great Lakes Women's Business Council
Livonia, MI
*Testifying on behalf of Women Impacting Public Policy
Testimony


*Witness testimony will be posted within 24 hours after the hearing’s occurrence

Witness List
 


Rebuilding America: Small Business Perspective

House Small Business Committee News - Wed, 03/06/2019 - 11:00am

The Committee on Small Business will meet for a hearing titled, “Rebuilding America: Small Business Perspective.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, March 6, 2019 in Room 2360 of the Rayburn House Office Building.


The hearing will focus on our current infrastructure needs and how small businesses can stand to benefit from a comprehensive plan that includes surface, broadband, and water, among others. The hearing will give Members an opportunity to hear from a variety of witnesses regarding the importance of updating our nation’s infrastructure, while discussing the opportunities and challenges that exist for small businesses.

Hearing Notice 

Witnesses 

Ms. Terri Williams
Director
SBDC Procurement Technical Assistance Center
San Antonio, TX
Testimony 

Mr. Tim Donovan
Senior Vice President
Legislative Affairs
Competitive Carriers Association
Washington, DC
Testimony 

Ms. Roseline Bougher
President
A.D. Marble
King of Prussia, PA
Testimony 


*Witness testimony will be posted within 24 hours after the hearing’s occurrence

Witness List
 



Budget Views and Estimates for Fiscal Year 2020

House Small Business Committee News - Wed, 03/06/2019 - 10:45am
The Committee on Small Business will convene for a meeting to consider the Committee’s Budget Views and Estimates for Fiscal Year 2020. The meeting is scheduled to begin at 10:45 A.M. on Wednesday, March 6, 2019 in Room 2360 of the Rayburn House Office Building. 

Notice 

Budget Views and Estimates for Fiscal Year 2020 

Supporting America’s Startups: Review of SBA Entrepreneurial Development Programs

House Small Business Committee News - Wed, 02/27/2019 - 11:00am
The Committee on Small Business will meet for a hearing titled, “Supporting America’s Startups: Review of SBA Entrepreneurial Development Programs.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, February 27, 2019 in Room 2360 of the Rayburn House Office Building.

The hearing will examine the United States Small Business Administration’s (SBA) Entrepreneurial Development (ED) programs and offer Members of the Committee the opportunity to review the major technical assistance programs, along with the offices at SBA charged with overseeing the programs. Members will hear directly from SBA’s resource partners.

Hearing Notice

Witnesses 

Mr. Charles Rowe
President & CEO
America’s Small Business Development Centers
Arlington, VA
Testimony 

Ms. Corinne Hodges
CEO
Association of Women’s Business Centers
Washington, DC
Testimony

Mr. Ken Yancey
CEO
SCORE Association
Herndon, VA
Testimony 

Ms. Cherylynn Sagester
Veterans Business Outreach Center Program Director
Old Dominion University
Norfolk, VA
Testimony

Witness List
 








Small Business Priorities for the 116th Congress

House Small Business Committee News - Wed, 02/13/2019 - 11:00am

The Committee on Small Business will meet for a hearing titled, “Small Business Priorities for the 116th Congress.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, February 13, 2019 in Room 2360 of the Rayburn House Office Building.

Hearing Notice.

Witnesses

Mr. John Arensmeyer
Founder & CEO Small Business Majority
Washington, DC
{Testimony}

Ms. Sabrina Parsons
CEO Palo Alto Software
Eugene, OR
{Testimony}

Mr. J. Kelly Conklin
Co-Owner & Founder Foley Wait LLC
Kenilworth, NJ
{Testimony}

Mr. Thomas M. Sullivan
Vice President, Small Business Policy
Chamber of Commerce of the United States of America
Washington, DC
{Testimony}

POSTPONED: Shutdown Lessons: SBA Capital Access Programs

House Small Business Committee News - Tue, 02/12/2019 - 10:00am

The Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations hearing titled, “Shutdown Lessons: SBA Capital Access Programs” has been postponed.

Witnesses

Mr. William M. Manger
Associate Administrator
Office of Capital Access
United States Small Business Administration
Washington, DC

{Testimony}

Exploring Challenges and Opportunities of Underserved Businesses in the 21st Century

House Small Business Committee News - Thu, 02/07/2019 - 10:00am
The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet for a hearing titled, “Exploring Challenges and Opportunities of Underserved Businesses in the 21st Century.” The hearing is scheduled to begin at 10:00 A.M. on Thursday, February 7, 2019 in Room 2360 of the Rayburn House Office Building.

Diverse and women-owned businesses are among the fastest-growing segments of the U.S. economy. However, these businesses have historically faced significant obstacles in starting a business and accessing affordable capital and procurement opportunities. Regrettably, this remains true despite increased social awareness of the challenges faced by women, minorities, veterans, and rural entrepreneurs. This hearing will explore the challenges faced by these traditionally underserved businesses, and what role Congress can play to optimize their success.

Hearing Notice

The Shutdown: Economic Impact on Small Businesses

House Small Business Committee News - Wed, 02/06/2019 - 11:00am
The Committee on Small Business will meet for a hearing titled, “The Shutdown: Economic Impact on Small Businesses.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, February 6, 2019 in Room 2360 of the Rayburn House Office Building.
 
A properly functioning government is critical to the success of America’s small businesses and entrepreneurs. Unfortunately, the Small Business Administration (SBA) was caught in the crosshairs of the recent government shutdown, along with other critical agencies. When SBA stopped approving loans and ceased regular operations, the consequences were felt by small businesses, entrepreneurs, and the economy. The purpose of this hearing is for Members to hear firsthand how the recent shutdown has impacted small firms, small business lending, government contracts, and the overall economy.
 

Hearing Notice

Witnesses

Mr. John Moshier

President, Small Business Lending

Ready Capital Corporation

New Providence, NJ

*Testifying on behalf of the National Association of Government Guaranteed Lenders

[ Full text of testimony ]
 
Dr. Matthew D. Shapiro

Lawrence R. Klein Collegiate Professor of Economics

University of Michigan - Department of Economics

Ann Arbor, MI

[ Full text of testimony ]
 
*Witness list and testimony will be updated accordingly. 

RESCHEDULED: Organizational Meeting

House Small Business Committee News - Wed, 02/06/2019 - 10:30am
The Committee on Small Business will convene for a meeting to organize for the 116th Congress. The Committee on Small Business Organizational Meeting originally scheduled to begin at 1:00 P.M. on Wednesday, January 30, has been rescheduled. The meeting has been rescheduled to begin at 10:30 A.M. on Wednesday, February 6, 2019 in Room 2360 of the Rayburn House Office Building.

POSTPONED: Organizational Meeting

House Small Business Committee News - Wed, 01/30/2019 - 1:00pm
The Committee on Small Business organizational meeting scheduled for Wednesday, January 30, 2019, has been postponed.
 

Chairman Chabot Praises Small Business Benefits of Tax Reform

House Small Business Committee News - Thu, 12/20/2018 - 12:00am

Washington – Today, the House of Representatives passed the final version of H.R. 88, the Retirement, Savings, and Other Tax Relief Act and the Taxpayer First Act.  Key provisions of this legislation would significantly benefit American small businesses.  Whether it is through assisting business owners with providing employee retirement plans or redesigning a more taxpayer friendly Internal Revenue Service (IRS), this legislation is another step by Congress to spur economic growth and modernize the tax code. 

House Committee on Small Business Chairman Steve Chabot (R-OH) said this in response to the passage of the legislation:

“Time and again we have heard about the benefits of last year’s Tax Cuts and Jobs Act for small businesses throughout the country.  The legislation that the House passed today would build on that success by providing entrepreneurs with the assistance and clarity they need to compete and succeed.”

With the one-year anniversary of the historic Tax Cuts and Jobs Act just a few days away, the House of Representatives remains focused on creating a streamlined and reliable tax code on which American entrepreneurs can rely.    

Chairman Chabot Praises Small Business Benefits of Tax Reform

House Small Business Committee News - Thu, 12/20/2018 - 12:00am

Washington – Today, the House of Representatives passed the final version of H.R. 88, the Retirement, Savings, and Other Tax Relief Act and the Taxpayer First Act.  Key provisions of this legislation would significantly benefit American small businesses.  Whether it is through assisting business owners with providing employee retirement plans or redesigning a more taxpayer friendly Internal Revenue Service (IRS), this legislation is another step by Congress to spur economic growth and modernize the tax code. 

House Committee on Small Business Chairman Steve Chabot (R-OH) said this in response to the passage of the legislation:

“Time and again we have heard about the benefits of last year’s Tax Cuts and Jobs Act for small businesses throughout the country.  The legislation that the House passed today would build on that success by providing entrepreneurs with the assistance and clarity they need to compete and succeed.”

With the one-year anniversary of the historic Tax Cuts and Jobs Act just a few days away, the House of Representatives remains focused on creating a streamlined and reliable tax code on which American entrepreneurs can rely.    

Chairman Chabot: Our country has experienced unprecedented growth…

House Small Business Committee News - Tue, 12/11/2018 - 12:00am

WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its November 2018 Small Business Optimism Index, which reports optimism remaining high in November.

Following the release of the report, Chairman Chabot (R-OH) said:

“Small business optimism has remained solid over the past month, which demonstrates the enthusiasm and strong economic growth driven by wage increases that have reached a 30-year high and the creation of thousands of new jobs. There’s no question that over the past two years our country has experienced unprecedented growth that has produced a fertile ground for small business owners and entrepreneurs. I’m pleased that the implementation of the new tax law and regulatory rollbacks have fueled our economy and paved the way for Main Street to thrive.”

For the full NFIB Small Business Optimism Index, click here.

Chairman Chabot: Our country has experienced unprecedented growth…

House Small Business Committee News - Tue, 12/11/2018 - 12:00am

WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its November 2018 Small Business Optimism Index, which reports optimism remaining high in November.

Following the release of the report, Chairman Chabot (R-OH) said:

“Small business optimism has remained solid over the past month, which demonstrates the enthusiasm and strong economic growth driven by wage increases that have reached a 30-year high and the creation of thousands of new jobs. There’s no question that over the past two years our country has experienced unprecedented growth that has produced a fertile ground for small business owners and entrepreneurs. I’m pleased that the implementation of the new tax law and regulatory rollbacks have fueled our economy and paved the way for Main Street to thrive.”

For the full NFIB Small Business Optimism Index, click here.

Chairman Chabot Highlights 15-Year High for Small Business Optimism

House Small Business Committee News - Tue, 12/04/2018 - 12:00am

WASHINGTON – Today, the latest quarterly Wells Fargo/Gallup Small Business Index was released, indicating a significant jump of optimism among small business owners and the highest score in the survey’s 15-year history.

Upon the release of this report, Chairman Chabot (R-OH) said:

“Small business owners are experiencing the positive effects of our booming economy, with indicators for a hopeful future ahead. With small business optimism reaching historic highs, our policies are not only helping small business owners, they are bringing more people into the job market. Easier access to credit means more growth and more jobs. I look forward to this momentum continuing as small business owners and entrepreneurs gear up for a new year.”

The Wells Fargo/Gallup Small Business Index showed:

  • 80 percent of respondents regarded their financial situation as very good or somewhat good.
  • 55 percent of respondents recorded increases in revenue for their small businesses.
  • 27 percent of small business owners say over the past 12 months, the number of jobs in their company has increased.
  • 47 percent of companies found it somewhat or very easy to obtain credit.
For the full Wells Fargo/Gallup Small Business Index, click here.

Chairman Chabot Highlights 15-Year High for Small Business Optimism

House Small Business Committee News - Tue, 12/04/2018 - 12:00am

WASHINGTON – Today, the latest quarterly Wells Fargo/Gallup Small Business Index was released, indicating a significant jump of optimism among small business owners and the highest score in the survey’s 15-year history.

Upon the release of this report, Chairman Chabot (R-OH) said:

“Small business owners are experiencing the positive effects of our booming economy, with indicators for a hopeful future ahead. With small business optimism reaching historic highs, our policies are not only helping small business owners, they are bringing more people into the job market. Easier access to credit means more growth and more jobs. I look forward to this momentum continuing as small business owners and entrepreneurs gear up for a new year.”

The Wells Fargo/Gallup Small Business Index showed:

  • 80 percent of respondents regarded their financial situation as very good or somewhat good.
  • 55 percent of respondents recorded increases in revenue for their small businesses.
  • 27 percent of small business owners say over the past 12 months, the number of jobs in their company has increased.
  • 47 percent of companies found it somewhat or very easy to obtain credit.
For the full Wells Fargo/Gallup Small Business Index, click here.

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