The civic record
Read. Follow. Verify.Congressional Hearing on Small Business and the Economy
Record date · January 1, 2018
Track this bill to get notified when it advances a stage. One tap to stop, anytime.
What This Bill Does
The House Committee on Small Business held a hearing on February 14, 2018, to discuss the role of small businesses in the U.S. economy. The discussion focused on the impact of recent tax changes, the current lending environment for small firms, and strategies to improve access to capital for entrepreneurs.
This hearing serves as a formal record of Congressional inquiry into how federal tax and lending policies affect the ability of small businesses to secure capital and create jobs.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Small business owners
They are the primary subjects of the committee's inquiry regarding access to capital and the impact of federal tax policies.
Goldman Sachs
The firm provided research and initiatives that were cited as models for potential federal policy.
Key Facts
- The hearing was held on February 14, 2018, in the Rayburn House Office Building.
- Chairman Chabot stated that small businesses face a rigid lending environment compared to large corporations.
- The committee discussed the '10,000 Small Businesses Initiative' by Goldman Sachs, which has assisted over 7,000 firms.
- The hearing addressed the impact of recent tax cuts on employee bonuses at both large and small companies.
Show all 6 facts
- Research presented suggests that credit market access remains uneven across urban and rural areas.
- The committee heard testimony from three witnesses: Steven H. Strongin, JR Foster, and Jessica Johnson-Cope.
Frequently Asked Questions
What was the purpose of this hearing?
Who testified at the hearing?
What else do you want to know?
News Coverage
Follow the record
Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Focus on Private-Public Partnerships
The committee explicitly discussed mimicking private sector initiatives like Goldman Sachs' '10,000 Small Businesses' to inform federal policy.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
Publisher tools