On the recordMarch 10, 2023
Mr. Speaker, I rise today to address my bill, the Expanding Access to Capital for Rural Job Creators Act. Earlier this year, the House resoundingly passed my bipartisan Expanding Access to Capital for Rural Job Creators Act. Rural small businesses face unique challenges that big city businesses do not. Nearly 20 percent of the United States population lives in rural areas and yet, businesses in rural areas raised under 2 percent of total capital over the last 3 years. West Virginia, which I am so proud to represent, is a very rural State, where no city has a population greater than 50,000 people, so my legislation simply requires the Security and Exchange Commission, SEC, Office of the Advocate for Small Business Capital Formation to identify and report to Congress those challenges rural small businesses face when trying to access our capital markets. This will make it easier for Congress to then act to address these problems. My bill would make it easier for Congress to do our jobs and make sure rural small businesses like in West Virginia, are not left behind. I hope the Senate takes up this commonsense measure promptly.





