Small business group praises Congress for passing bipartisan legislation

The Small Business and Entrepreneurship (SBE) Council praised Congress for working together to pass three bills last week to help small businesses.

The bills that were passed include the Supporting America’s Innovators Act, the Small Business Capital Formation Enhancement Act, and Encouraging Employee Ownership Act.

“Contrary to reporting by many in the media that partisanship has gridlocked the legislative process in Washington, there are a significant number of bipartisan bills moving through both chambers of Congress and obviously some have already reached the President’s desk,” Karen Kerrigan, president and CEO of the SBE Council, said.

“The latest batch of bills, which await another procedural move in the House, is proof that Washington can work to help our nation’s startups and small businesses. We are grateful that Majority Leader Mitch McConnell is keeping an eye out for these bipartisan opportunities to improve the environment for entrepreneurship and small business growth,” she added.

Kerrigan said these pieces of legislation will strengthen capital formation and access, while also helping startups and small businesses attract and retain the employees they need to grow.

“At the same time Congress is advancing tax reform, it can also focus on these bipartisan bills that make important policy changes,” Kerrigan added. “These reforms will make our economy, small businesses and capital markets more competitive. Entrepreneurs and small businesses look forward to more of this type of progress by the Congress.”