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Temporary Extension of Programs Under Small Business Act and Small Business Investment Act of 1958

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Location: Washington, DC


TEMPORARY EXTENSION OF PROGRAMS UNDER SMALL BUSINESS ACT AND SMALL BUSINESS INVESTMENT ACT OF 1958 -- (House of Representatives - December 05, 2007)

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Mr. CHABOT. Madam Speaker, I yield myself such time as I may consume.

I would urge my colleagues to suspend the rules and pass H.R. 4252, legislation to extend the authorization for programs under the Small Business Act and the Small Business Investment Act, as well as any program operated by the Small Business Administration for which Congress has already appropriated funds. This extension will last until May 23, 2008. I want to thank the distinguished chairwoman of the Small Business Committee, Ms. Velázquez, for working with me in her usual gracious manner.

With the current extension set to expire December 15, which isn't very far away, obviously, the extension is crucial to ensuring programs designed to help our small businesses are able to continue to operate. Working in a bipartisan effort with Chairwoman Velázquez, the committee has reported 14 bills, most of which have been overwhelmingly bipartisan, and all of which have passed the House of Representatives.

While we have worked at a rather furious pace in an effort to formally reauthorize SBA programs, the other legislative body has had difficulties coming to the same bipartisan consensus. So without passage of this temporary legislation today, we find ourselves at risk of shortchanging the government contracting and capital programs for small businesses and impeding the management of the SBA.

Even with deliberations completed in the House, we operate in a bicameral legislative system. Time is needed for the legislative process in both bodies to function and, if necessary, for the two bodies to meet in conference to iron out any disagreements and to ensure that the SBA and its programs are best promoting the health of America's entrepreneurs who, after all, employ an awful lot of people in this country. The work cannot be expected to be done in a deliberative, thoughtful, and bipartisan manner with the looming deadline of midnight December 15 hanging over our heads.

Again, Madam Speaker, I want to thank my friend from New York for her very hard work on this legislation, and I urge all my colleagues to join us in supporting H.R. 4252, this bill.

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