Political Quotes

“The National Venture Capital Association, the National Association of Manufacturers, the National Association of Small Business Investment Companies, Project Services International, and Pennsylvania Small Business United all have expressed support for housing the CTIC Program at the SBA. I am pleased that the distinguished chairman of the Small Business Committee, Senator Bumpers, and the Senator from West Virginia, Senator Rockefeller, have worked with me to achieve major adjustments to the CTIC provisions of S. 4. While certainly not perfect, this section of the bill has been improved. The revised language creates a CTIC pilot program jointly run by the SBA and the Department of Commerce. The Licensing Committee created by the legislation would be made up of representatives from both the SBA and the Department of Commerce. I hope the vision of helping small businesses, expressed to me by Secretary Brown in February 1993 is not lost. Now that the CTIC Program is a joint project of the SBA and the Department of Commerce, the Senate Small Business Committee would have oversight authority over the program. My colleagues can be assured that Chairman Bumpers and I will exercise that authority to ensure small businesses are helped, not harmed, by this new program. In addition, the bill has been modified to authorize CTIC's to share their revenue with the Federal Government once they become profitable.”