On the recordSeptember 21, 2016
Mr. Speaker, I yield myself such time as I may consume. It is an honor to serve as chairman of the House Small Business Committee. It affords me the special opportunity of hearing directly from the very men and women who help drive our economy--America's small-business owners. At a hearing several months ago, a small business owner shared his personal experience with a serious cyber attack. He said: I logged into our bank accounts, and to my utter horror, I found that my balance was zero. This was a payday, and I was terrified that the paychecks that were issued that day would not clear. We were supporting a number of families, many of which live paycheck to paycheck and could not have made it without the paycheck we issued that day. I was also very worried about our business' reputation since a restaurant nearby had just bounced their paychecks, and the company never recovered from the bad publicity they received from not making their payroll. Stories like this show the real-world consequences of cyber attacks. Small businesses are at serious risk from a growing number of cyber threats. There is no doubt that the information technology revolution has provided small businesses with new tools and opportunities to compete in the global economy.…





