House OK’s Bipartisan Small Biz BillsMay 8, 2018
On May 8, the U.S. House of Representatives passed seven bipartisan bills that address small-business issues ranging from cybersecurity to federal contracting. House Committee on Small Business Chairman Steve Chabot (R-Ohio) and Ranking Member Nydia Velazquez (D-N.Y.) praised passage of the bills, several of which they sponsored or co-sponsored.
“I applaud the bipartisan work our Committee and the full House has done to safeguard America’s 30 million small businesses,” said Chairman Chabot. “Whether the issue is cybersecurity, women’s entrepreneurship, or strong agency oversight, the Committee is determined to make sure that small businesses are at the forefront of our national economic conversation. These bills only further our unwavering commitment to America’s risk takers and job creators.”
Speaking specifically to legislation to bolster lending for ESOPs and cooperatives, and expand technical assistance, Ranking Member Velázquez stated, “Ultimately, these reforms will allow more employees to own a stake in businesses they work for, expand technical assistance to diverse corners of America and empower our entrepreneurs to create more jobs.”
Below are the bills that were passed by the House on May 8:
- H.R. 3170 – Small Business Development Center Cyber Training Act – Sponsored by Rep. Steve Chabot (R-Ohio)
- H.R. 4743 – Small Business 7(a) Lending Oversight Reform Act – Sponsored by Rep. Steve Chabot (R-Ohio)
- H.R. 4754 – Change Order Transparency for Federal Contractors Act – Sponsored by Rep. Don Bacon (R-Neb.)
- H.R. 1680 – Women’s Business Centers Improvements Act – Sponsored by Rep. Steve Knight (R-Calif.)
- H.R. 1702 – Small Business Development Centers Improvement Act – Sponsored by Rep. Dwight Evans (D-Pa.)
- H.R. 4111 – Spurring Business in Communities Act – Sponsored by Rep. Cathy McMorris Rodgers (R-Wash.)
- H.R. 5236 – Main Street Employee Ownership Act – Sponsored by Rep. Nydia Velázquez (D-N.Y.)
All bills were passed under unanimous consent and now await action in the Senate.