NSBA Meets with Hill Leaders

June 15, 2016

Chabot.SBLC.updateA widely popular event held during the two-day NSBA Small Business Leadership Conference (SBLC) was the Congressional Breakfast. Held Tuesday morning, June 7, in the Capitol Visitor’s Center, participants heard from two key small business advocates—Small Business Caucus Co-Chair Scott Tipton (R-Colo.) and Senate Committee on Small Business and Entrepreneurship Chairman David Vitter (R-La.). The SBLC event concluded with a luncheon featuring keynote speaker House Committee on Small Business Chairman Steve Chabot (R-Ohio).

All of the lawmakers shared their very close, personal ties to small business and spoke candidly about how small business shaped their views and priorities on Capitol Hill. In addition to taking questions when time permitted, they each addressed some of the key proposals they are working on to promote entrepreneurship and small-business growth.

First to address nearly 100 small-business owners from across the country was Rep. Scott Tipton who Tiptonshared his background in small agriculture and shared examples of needless regulations—something he is working to reduce. Rep. Tipton is co-founder of the Congressional Small Business Caucus, a bipartisan caucus committed to open dialogue on the issues that most impact small businesses. Rep. Tipton emphasized that his priority within the caucus is advancing efforts to foster the economic certainty needed for small businesses and entrepreneurs to succeed and create jobs. As a member of the House Committee on Financial Services, Rep. Tipton mentioned working with Committee Chairman Jeb Hensarling (R-Texas) on legislation—the Financial CHOICE Act—to address the failures and unintended consequences of the Dodd-Frank Act. Rep. Tipton informed the audience that adequate access to capital helps create growth opportunities for businesses and is why he supports the Financial CHOICE Act, as it addresses critical areas to improve capital formation and strengthens the capital and financial markets. His remarks were praised by the audience who continually rank tax reform, regulatory restraint and access to capital among their top priorities for Congress to address.

Next, Senate Committee on Small Business and Entrepreneurship Chairman David Vitter spoke to the vitter-headshot-200participants and provided important insight for the small-business owners and emphasized the success the committee has had in working to remove barriers to entrepreneurship. Senator Vitter underscored that he works closely with committee Ranking Member Jeanne Shaheen (D-N.H.) and is why nearly 30 bills has been passed out of committee with eight signed into law. The attendees appreciated hearing his thoughts on the need for common-sense legislating and the importance of bipartisanship among lawmakers. Chairman Vitter mentioned his strong support for the Regulations From the Executive in Need of Scrutiny Act of 2015 (REINS Act / S. 226) that would require any executive branch rule or regulation with an annual economic impact of $100 million or more — designated by the White House’s Office of Management and Budget (OMB) as a ‘major rule’ — to come before Congress for an up-or-down vote before being enacted. These remarks on the need for regulatory restraints and reform to ensure small businesses can prosper, were particularly timely as NSBA members support review of major federal regulations that would have a significant economic impact on our nation.

Upon returning downtown, attendees heard from House Small Business Committee Chairman Steve Chabot at the Small Business Leadership Conference closing luncheon. His long-standing  dedication to small businesses and his enthusiasm and commitment to the success of smaller businesses was evident to all as he spoke to the members. Chairman Chabot highlighted the work his committee has done to accentuate the importance of small business to a growing U.S. economy. Rep. Chabot underscored several of the hearings his committee has recently held—from easing tax complexity to reducing regulatory burdens. He also spoke out on the importance of access to capital for entrepreneurs.

While in Washington, NSBA Board of Trustees and Leadership Council members were fortunate to hear from such strong business advocates who truly understand the needs of business owners and their desires to invest in new equipment, hire more workers and dedicate more money to savings and investment, which in turn will help strengthen our economy.