WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement on the Obama administration’s final rule and guidance on the blacklisting of small contractors. “President Obama’s latest regulatory power grab should send a chill down the spine of every small contractor who does business with the federal government. At a time when we should be doing all we can to encourage small businesses to compete for federal contracts, this new red tape will discourage com...
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Curbelo Hearing Spotlights Importance of Small Companies to NASA WASHINGTON – Today small business owners told a key Congressional subcommittee that their companies and others like them play a vital role in meeting the needs of the National Aeronautics and Space Administration (NASA).Witnesses and lawmakers also discussed ways to strengthen and improve the critical partnership between small companies and NASA as the agency prepares to celebrate its 58th anniversary later this month. “Designing ...
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Chabot: “Impacts both our national security and our economic security” WASHINGTON – Leading cybersecurity experts warned members of the House Small Business Committee today that American small businesses are at great and growing risk of cyberattacks from foreign hackers. Today’s hearing was part of the Committee’s ongoing effort to spotlight the cyber security threats faced by America’s 28 million small businesses and develop solutions to combat the threat. “Small business cyber security has be...
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Layoffs, Benefit Cuts Coming Soon Due to Obama Overtime Rule WASHINGTON – As the December 1, 2016 compliance deadline for the Department of Labor’s new overtime rule rapidly approaches, traditional small businesses, technology start-ups, and other small employers told the House Small Business Committee today that they may soon be forced to layoff workers, reduce benefits and lower wages to cover the costs of the new federally-mandated requirements. “The DOL has heralded this rule as a long-over...
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WASHINGTON – Today small business owners and advocates told a key Congressional subcommittee that increasingly aggressive audit tactics by the Internal Revenue Service (IRS) have been used to intimidate small companies, creating an atmosphere of fear and uncertainty in the small business community. “In the administration of the tax code, the IRS has dual roles: collection and enforcement,” said Subcommittee on Economic Growth, Tax and Capital Access Chairman Tim Huelskamp (R-KS) in his opening ...
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Job Creators Tell Committee Members: DOL Overtime Rule Bad for Their Businesses WASHINGTON – Today, House Small Business Committee Chairman Steve Chabot (R-OH) held a roundtable discussion with small business owners from across the country on how their businesses and workers will be harmed by the new overtime rule issued by theDepartment of Labor last month. Committee members and entrepreneurs discussed how the Obama Administration’s pattern of regulatory overreach has created an atmosphere of u...
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Third Plank of Bold Agenda Includes More Than 100 Ideas to Tackle Excessive Regulations, Develop American Energy, and Promote Financial Independence From the Office of the Speaker: WASHINGTON—Today, House Republicans unveiled a plan to grow our economy by tackling excessive regulations, developing American energy, and promoting financial independence for people who work hard and do the right thing. It is our vision for a Confident America that is the best place in the world to live, work, build...
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Dodd-Frank Destroying Jobs, Communities in America’s Heartland WASHINGTON – Today representatives from community banks in America’s heartland told a key Congressional subcommittee how government regulations like the Dodd-Frank Act are killing small businesses in rural communities. The witnesses shared their stories with the House Small Business Subcommittee on Economic Growth, Tax and Capital Access about how new red tape like Dodd-Frank has killed jobs and devastated communities in rural Americ...
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Chabot Hails House Passage of Ozone Standards Implementations Act Bipartisan Measure Protects Jobs and Public Health WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement after H.R. 4775, the Ozone Standards Implementation Act of 2016, was passed by the U.S. House: “Over the last seven years, we have seen a disturbing pattern of regulatory overreach by President Obama’s EPA. To make matters worse, this dangerous pattern has been accompanied by an ...
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National Taxpayer Advocate: IRS Not Helping Entrepreneurs in the Sharing Economy WASHINGTON – The National Taxpayer Advocate told members of the House Small Business Committee today that the Internal Revenue Service (IRS) has not been helping Americans navigate tax rules and regulations in the new sharing economy. Today’s hearing was the second in a two-part series held by the Committee examining tax compliance challenges for entrepreneurs in the sharing economy. “When the IRS is behind the time...
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