On the recordJuly 24, 2017
Mr. Speaker, I rise in strong support of H.R. 2333, the Small Business Investment Opportunity Act of 2017. As a businessman, I am keenly aware of how vital small businesses are to keeping our Nation's economy moving forward. Small businesses alone employ nearly half of America's private sector workforce. However, the dreams of many small business owners in South Carolina can't be fully realized because of the serious obstacle of accessing capital. This burden prevents the creation of more jobs and better opportunities for the hardworking American people. H.R. 2333 will allow the SBIC program, offered by the SBA to help tackle lending roadblocks, to be utilized to its full potential by increasing the individual leverage limit from $150 million to $175 million. With this legislation, small businesses will have a greater chance to grow and help spur our economy. Mr. Speaker, I urge my colleagues to join me in support of H.R. 2333 and for all of the small businesses nationwide.





