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. Read More
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:
WASHINGTON - Today, House Committee on Small Business Chairman Steve Chabot (R-OH) and House Committee on Veterans’ Affairs Chairman Phil Roe, M.D. (R-TN) released statements following the introduction of new legislation to better enable the Small Business Administration (SBA) and Department of Veterans Affairs (VA) to fulfill their designated responsibilities and streamline programs within the agencies. H.R. 7169, the Verification Alignment and Service-Disabled Business Adjustment (VA-SBA) Act was introduced by the House Small Business Committee’s Chairman of the Subcommittee on Investigations, Oversight, and Regulations Trent Kelly (R-MS).
Currently, SBA certifies small businesses that participate in federal contracting preference programs. However, Service Disabled Veteran Owned Small Businesses (SDVOSB) are the exception – they are verified by VA to qualify for VA contracts, and are uniquely allowed to self-certify through SBA to obtain federal contracts from all other federal government agencies. The ability of SDVOSBs to do so has led to years of fraud, waste, and abuse, as it has allowed companies not owned by service-disabled veterans to take advantage of the system. It also has created two separate classes of SDVOSBs: those that are verified by VA, and those that have self-certified at SBA. The VA-SBA Act would require SBA to certify all SDVOSB applications, as it does for all other small businesses, and would preserve the unique Veterans Owned Small Business contracting preference in VA.
“Our nation’s veterans learn skills while serving that make them top notch entrepreneurs,” said Chairman Chabot. “With 2.52 million small businesses majority-owned by veterans, it’s important they have access to the resources they need to start a small business without the red tape and confusion that can come from government agencies. The VA-SBA Act will open doors for veteran-owned small businesses and expedite the process of becoming an entrepreneur. I look forward to ensuring veterans are able to continue their contributions to the American economy. I thank the House Committee on Veterans’ Affairs Chairman Roe, House Committee on Small Business Subcommittee on Investigations, Oversight and Regulations Chairman Kelly, and Veterans' Affairs Subcommittee on Oversight and Investigations Chairman General Bergman for their dedication and leadership to ensure this program gets a necessary update. America’s heroes deserve the full support of Congress in all aspects of life, especially as they work to bring their business dreams to life.”
“Different treatment of SDVOSBs depending on which federal agency they contract with is confusing and inefficient," said Chairman Roe. "VA requires a rigorous verification process, while other agencies allow nearly anyone to self-certify. This situation has created more problems than good, and it is high time to fix it. Bad actors are taking advantage of this exception and companies that are not owned and controlled by service-disabled veterans are fraudulently representing themselves to obtain contracts. This legislation fixes the disparity in the law and ensures that SBA is able to fully manage all small business certifications, as they should, and allows the workforce VA to focus on their core mission. I am grateful to full committee Chairman Chabot, House Committee on Veterans' Affairs' Subcommittee on Oversight and Investigations Chairman General Jack Bergman (R-Mich.) and subcommittee Chairman Kelly for their efforts to provide this necessary reform to the law.”
“Service-disabled veteran-owned small businesses (SDVOSBs) and veteran-owned small businesses (VOSBs) are essential components of our nation’s small business operations,” said Rep. Kelly. “It is important that we relieve regulatory burdens that make it more difficult for them to compete for government contracts. Additionally, it is vital that the process become more streamlined which is the purpose of this important legislation.”
"This legislation is the result of a close partnership between our two committees," said Rep. Bergman. "Chairman Kelly and I convened a joint oversight hearing to study the issue in July, and after months of consultation with the veterans service organizations, the veteran small business community and the agencies, the VA-SBA Act is a sound solution,” said Bergman. “It will make the federal government operate more efficiently and logically by instituting badly needed safeguards in the SDVOSB contracting program. Every contract that gets siphoned off by a fraudulent company denies a service-disabled veteran entrepreneur a contracting opportunity that he or she earned. The loophole that allows this to happen must be closed."Read More
WASHINGTON – Last week, House Committee on Small Business Chairman Steve Chabot (R-OH) penned an op-ed in Fox News on the value of Small Business Saturday to communities and entrepreneurs. Read the full op-ed below.
Serving as Chairman of the House Committee on Small Business over the past four years, I’ve had the honor of advocating and fighting for Main Street.
This year on Small Business Saturday, November 24, 2018, I hope Americans will celebrate the 30 million small businesses and the millions of workers they employ by shopping locally. This day is an incredible opportunity to support our local independent businesses during their most critical time of year.
In 2010, the Small Business Saturday campaign was launched to help small businesses that were hurting from the recession by boosting sales and encouraging shopping.
Every year since 2011, both chambers of Congress have introduced resolutions to recognize and promote Small Business Saturday as the Saturday after Thanksgiving. This year, I had the privilege of introducing a resolution to continue this tradition and recognize November 24, 2018 as Small Business Saturday, and support efforts to increase awareness of the value of locally owned small businesses. This day gives us an opportunity to refocus our efforts and reaffirm our commitment to helping small businesses thrive.
With 99 percent of all employers in the United States being small businesses, it’s critical we fuel this engine of job creation and innovation. By shopping small, Americans can stimulate our economy and support the two-thirds of net new jobs that small businesses produce.
In Ohio alone, there are 944,797 total small businesses that employ 2.2 million people, according to the Small Business Administration’s (SBA) most recent data. With American Express reporting that 90 percent of consumers say that Small Business Saturday has had a positive impact on their community, can you imagine the impact this day has had on Ohio alone? And, the impact that Small Business Saturday can have throughout our nation is huge.
The 2017 Small Business Saturday Consumer Insights Survey from the National Federation of Independent Business (NFIB) and American Express highlights this impact. The survey notes that last year, 108 million shoppers spent $12.9 billion at a variety of businesses, from restaurants to clothing stores to coffee shops, on Small Business Saturday.
When you reflect on these numbers, there is nothing ‘small’ about small business.
In my 22 years serving on the Small Business Committee, I’ve seen first-hand the hard work and dedication small business owners put into their companies to get them off the ground and succeed.
The Committee has held hearings and roundtables to hear from entrepreneurs and talk through the joys and challenges of running a business. It has always been the mission of the Committee, as it must be for Congress, to offer solutions that will help grow businesses.
Further, the Committee has been working diligently with the Administration to reduce regulatory costs and burdens. In fact, for every new regulation issued, the Administration has eliminated 12, resulting in $33 billion in net regulatory savings over the last two years. American business owners should be investing in the American Dream, not squandering their resources on regulatory compliance.
To help amplify this effort, the Committee has an online resource called Regulatory Watch. This resource is for small businesses that want to participate in the regulatory development process, but do not have the time or ability to monitor federal agencies’ activities. The webpage is updated regularly to highlight proposed regulations that could impact small businesses, allowing owners the opportunity to submit comments, plan ahead, or simply better understand the process.
Monte Wiederhold, a small business owner from my home state of Ohio, said it best when he testified before our Committee this Congress about one-size-fits-all regulations impacting his business:
“Time and time again, this approach punishes small businesses, stifles competition, and overregulates an industry deregulated by design. Too often, these costly and burdensome regulations are advanced at the behest of corporate motor carriers, who use the legislative and regulatory process to gain competitive advantages over smaller operators like me.”
Fortunately for Mr. Wiederhold, our economy is on the uphill swing, with unemployment at an all-time low and small business optimism setting record highs.
This past June, President Trump signed the Small Business 7(a) Lending Oversight Reform Act, a bill I introduced to ensure appropriate oversight of the SBA’s flagship loan program and improve access to capital for small business owners. Getting a loan for a small business can be the difference between expanding their company and creating jobs or never getting off the ground. This was a huge win for small businesses and the workers they will hire because of it.
It’s important that we do all we can to help America’s entrepreneurs who not only dare to dream but dare to make those dreams a reality. On Small Business Saturday, I encourage you to get involved in your community, whether you are in Carson City, Nevada, or Cincinnati, Ohio – my hometown – and shop small. Your support allows small business owners to continue to dream big, take risks, and drive innovation for the next generation of Americans.
Republican Steve Chabot represents Ohio's 1st congressional district in the U.S. House of Representatives where he serves as chairman of the Small Business Committee.
WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement in recognition of November 20, 2018, as National Entrepreneurs’ Day.
“As Chairman of the Small Business Committee, I believe it’s important we do all we can to promote American entrepreneurship and new business creation. Small businesses make up 99.9 percent of all firms in the United States and employ about half of all United States workers. National Entrepreneurs’ Day is an opportunity for all of us to recognize the contributions of our nation’s best job creators.”Read More
WASHINGTON – Today, Members of the House Small Business Committee joined together to introduce a bipartisan House resolution recognizing the Saturday after Thanksgiving, November 24, 2018, as “Small Business Saturday.”
“Small Business Saturday is an incredible opportunity for communities to rally around the more than 30 million small businesses during the holiday season,” said Small Business Committee Chairman Steve Chabot (R-OH). “With two out of three net new jobs generated from small businesses, it’s vital we ensure they continue to grow. I encourage everyone to shop small on November 24th and support those who are working to achieve the American Dream.”
“Every year, Small Business Saturday gives consumers across the country a special opportunity to focus on the value of patronizing their local Main Street businesses,” said Rep. Nydia M. Velázquez (D-NY), Ranking Member, House Committee on Small Business. “From driving local economic growth to creating good jobs and spurring innovation, small businesses are the backbone of the American economy. I am glad to join Chairman Chabot and my fellow Committee members in a resolution recognizing November 24, 2018 as Small Business Saturday, especially as we continue to work across the aisle on legislation to support America’s 30 million small businesses.”
This resolution underscores the critical role small businesses play in our nation’s thriving economy. The over 30 million small businesses in the United States:
WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement in recognition of National Veterans Small Business Week; November 5-9, 2018. According to the United States Small Business Administration, there are 2.5 million veteran-owned small businesses in the United States, with a 3 percent growth from 2007-2012.
“Our nation’s heroes work hard to preserve and protect the homeland. They deserve to have the necessary resources to bring their business dreams to life as they continue to contribute to the American economy. With nearly one in ten small businesses owned by a veteran, it’s critical we work together to ensure our veteran entrepreneurs have the tools they need to succeed.”
This Congress, Chairman Chabot is an original co-sponsor of H.Res. 588, which supports National Veterans Small Business Week.Read More
WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Department of Labor announced an additional 250,000 jobs were added in October.
“With 250,000 jobs added this October, unemployment remaining at 3.7 percent, and wage growth at the fastest pace in a decade, America's 30 million small businesses are experiencing a boost in economic growth like never before. I’m pleased to see the positive effects of our economic policies coming to fruition through rising incomes and steady paychecks for millions of Americans.”
To read the full report from the Department of Labor, click here.Read More
WASHINGTON – House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the proposed rule on Health Reimbursement Arrangements (HRA) by the Departments of Labor, Health and Human Services, and the Treasury was published on October 29.
“Since 2013, the year before many of Obamacare’s regulations and mandates took effect, premiums have doubled for Obamacare’s individual health insurance plans. For this reason, this rule is vital for the health of America’s 30 million small businesses. It’s time we foster fairness and balance for large and small businesses alike, so that innovators are able have access to affordable, quality health care options for their families. I am pleased that the Administration is fighting for small business owners and working to eliminate the unnecessary red tape that Obamacare imposed.”According to the Administration, for firms that employ 3-24 workers, the percentage of workers covered by employer health benefits, has fallen from 44 percent in 2010 to 30 percent in 2018. For firms that employ 25-49 workers, the percentage of workers covered by employer health benefits has fallen from 59 percent in 2010 to 44 percent in 2018. This rule would allow small employers to give their employees funds to pay for health care coverage selected by the employees. Preliminary estimates from the Treasury Department indicate that initially roughly 800,000 employers are expected to provide HRAs that would pay for coverage for more than ten million employees. Chairman Chabot has demonstrated his support of rules to provide more options for small business employers and employees, and also cosponsored H.R. 1101, the Small Business Health Fairness Act, which passed the House last year. Read More
WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after meeting with local members of the Ohio Franchise Business Network in Cincinnati, Ohio. The International Franchise Association invited Chairman Chabot to this meeting to update members on legislation affecting small business franchises.
“Franchises bring together innovators, entrepreneurs, local communities, and brands by the opportunity they offer job creators. With 7.6 million direct jobs created through franchises nationwide, it’s critical we ensure small business owners have the certainty they need to operate and expand their businesses without fear of unfairly being labeled a joint employer. That’s why Rep. Cuellar (D-TX) and I introduced H.R. 6695, the Trademark Licensing Protection Act of 2018, this August to clarify that controlling and protecting a trademark license does not create a joint-employer relationship under state or federal law. As the largest vocational training industry in America, it’s important franchises continue to flourish and have access to the resources they need to grow their business and create jobs.”Read More
The Committee on Small Business hearing titled, “21st Century Telecom: Is the FCC Addressing Small Business Concerns?” has been postponed.Attachments
The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet for a hearing titled, “The Local Impact of Economic Growth.” The hearing is scheduled to begin at 10:00 A.M. on Thursday, September 27, 2018 in Room 2360 of the Rayburn House Office Building.
The Subcommittee will examine how the recent economic expansion is affecting minority-owned small businesses. This hearing will have a particular focus on how regulatory and tax changes have renewed small business optimism and benefited small business owners.Attachments
The Committee on Small Business Subcommittee on Contracting and Workforce will meet for a hearing titled, “Troubled Skies: The Aviation Workforce Shortage's Impact on Small Businesses.” The hearing is scheduled to begin at 10:00 A.M. on Wednesday, September 26, 2018 in Room 2360 of the Rayburn House Office Building.
The purpose of this Subcommittee hearing is to examine the pilot and mechanic shortage in the aviation industry, in the context of small businesses. A confluence of factors has led to a widening gap between pilots and aviation mechanics leaving and entering the workforce. While the shortage has been widely documented and covered by business experts and journalists, the impact to small businesses operating as part of this pipeline remain unexamined. The hearing will allow the Subcommittee to receive testimony on the negative effects of this aviation workforce shortage on small businesses across the country and identify potential solutions that may help reverse this decline.
1. Hearing Notice
2. Witness List
3. Hearing Memo
4. Opening Statement
Mr. Brett Levanto
Vice President of Communications
Aeronautical Repair Station Association
Mr. Martin Lenss
The Eastern Iowa Airport
Cedar Rapids, IA
Ms. Sarah Oberman Bartush
Chief Marketing Officer & Director of Business Development
Mr. Kenneth Witcher, Ph.D.
Dean, College of Aeronautics
Embry-Riddle Aeronautical University
Daytona Beach, FL
*Testifying on behalf of the Aerospace Industries Association
The Committee on Small Business will meet for a hearing titled, “Now Hiring: How the Opioid Epidemic Affects Small Businesses.” The hearing is scheduled to begin at 11:00 A.M. on Thursday, September 13, 2018 in Room 2360 of the Rayburn House Office Building.
The hearing will explore the effects of the opioid crisis on small businesses. Specifically, the hearing will examine the decline in the labor force participation rate due to the epidemic and the challenges that small businesses experience in finding qualified workers as a result.Attachments
The Committee on Small Business will meet for a hearing titled, “Surveying Storms: A Deeper Dive into SBA’s Disaster Response.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, September 5, 2018 in Room 2360 of the Rayburn House Office Building.
This hearing will examine the United States Small Business Administration’s (SBA) disaster response. Members of the Committee will hear directly from the SBA regarding the agency’s actions during the 2017 storm season and SBA’s disaster response moving forward.Attachments
The Committee on Small Business will meet for a hearing titled, “The Tax Law's Impact on Main Street.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, July 25, 2018 in Room 2360 of the Rayburn House Office Building.
The hearing will examine how the Tax Cuts and Jobs Act has affected small businesses. Members of the Committee will hear directly from small business owners regarding the impact the law has had on their operations and their outlook moving forward.Attachments
The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access and the Subcommittee on Agriculture, Energy, and Trade will meet for a joint hearing titled, “Investing in Rural America.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, July 24, 2018 in Room 2360 of the Rayburn House Office Building.
Access to capital is one of the key ingredients for small business success. Early stage funding such as venture capital can help small businesses expand and hire more individuals in their community. However, venture capital is predominately awarded to businesses in larger cities on the coasts. Various groups, including public-private partnerships, trade associations, and university based organizations, have emerged to help identify opportunities for private investors that support growing rural small businesses across the United States. This hearing will examine venture capital’s role in helping small business to access capital, and provide success stories of organizations that provide resources to small businesses in rural America.Attachments
The Committee on Small Business will hold a markup of legislation to amend the Small Business Act and the Small Business Investment Act. The markup will be held at 11:00 A.M. on Wednesday, July 18, 2018, in Room 2360 of the Rayburn House Office Building. The items that will be marked up include:
The Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations and the Committee on Veterans’ Affairs Subcommittee on Oversight and Investigations will meet for a hearing titled, “Achieving Government-Wide Verification of Service-Disabled Veteran-Owned Small Businesses.” The hearing is scheduled to begin at 2:00 P.M. on Tuesday, July 17, 2018 in Room 2360 of the Rayburn House Office Building.
This hearing will examine the progress of the Department of Veterans Affairs (VA) and the Small Business Administration (SBA) in harmonizing definitions related to service-disabled veteran-owned small businesses (SDVOSBs). The hearing will also examine SBA’s readiness to assume the remaining verification functions from the VA’s Center for Verification and Evaluation and the benefits of extending verification of SDVOSBs government-wide.Attachments
The Committee on Small Business will meet for a hearing titled, “Innovation Nation: How Small Businesses in the Digital Technology Industry Use Intellectual Property.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, July 11, 2018 in Room 2360 of the Rayburn House Office Building.
Digital technology allows small businesses to sell their products and services all over the world. Not only does digital technology benefit small businesses by lowering their operating costs, developing market automation, and improving customer relationships, but small businesses can expand by entering the digital technology industry themselves. More than just taking advantage of digital tools to improve a pre-existing small business, small businesses are becoming the digital tools, and small businesses in the digital technology industry continue to emerge. While each company is unique, these small businesses have developed first and foremost because of their utilization of technology. As a result of their unique innovations, small businesses create intellectual property, but in turn face challenges in protecting their ideas. This hearing will examine how small business owners in the digital technology industry utilize intellectual property and the issues they face when navigating the intellectual property processes.Attachments
2361 Rayburn HOB
Washington, DC 20515