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FEDERALhearing transcript

Year-End Review: The State of Small Business in America

Original title: A YEAR IN REVIEW: THE STATE OF SMALL BUSINESS IN AMERICA

January 1, 2024

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The Frame

What this does

This hearing serves as a formal record of small business owners' perspectives, which informs future legislative priorities and potential policy adjustments regarding economic support for small enterprises.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small business owners

The committee's legislative actions and oversight based on this hearing directly impact the regulatory and economic environment for small business owners.

House Committee on Small Business members

Committee members are responsible for gathering this information to draft or amend legislation affecting small businesses.

What changed

Last recorded activity January 1, 2024.

What's next

Next step not available in the current record.

Summary

The House Committee on Small Business held a hearing on December 12, 2023, to discuss the challenges and experiences of small business owners across the United States. The session featured testimony from four entrepreneurs representing various industries to provide lawmakers with insights into the current economic climate for small businesses.

Key Facts

  • The hearing was held on December 12, 2023, in the Rayburn House Office Building.
  • The session was the final Small Business Committee hearing of the 2023 calendar year.
  • Four witnesses provided testimony: James R. Thompson, Daniel A. Grech, Nicholas Boyle, and Dr. Tammira Lucas.
  • The Committee serves as the primary legislative body for small business issues in the U.S. House of Representatives.
  • Small businesses are cited as accounting for over half of the payroll in the United States.
  • The hearing included the submission of prepared statements from all four witnesses into the official record.
  • No questions or answers for the record were generated following the hearing.

Frequently Asked Questions

What was the purpose of this hearing?
The purpose was to review the state of small business in America for the year 2023 and hear directly from entrepreneurs about their experiences.
Who testified at the hearing?
The witnesses were James R. Thompson (Pal-Con Ltd.), Daniel A. Grech (BizHack Academy), Nicholas Boyle (Northern Keystone Towing and Recovery), and Dr. Tammira Lucas (The Cube Cowork/Coppin State University).

Why It Matters

This hearing serves as a formal record of small business owners' perspectives, which informs future legislative priorities and potential policy adjustments regarding economic support for small enterprises.

News Coverage

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Sponsors

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

temporal pattern90% confidence

Year-End Review Cycle

The committee utilizes the final hearing of the calendar year to conduct a broad 'state of' review rather than focusing on specific pending legislation.

Connected Entities

organizationHouse Committee on Small BusinessCongressional committee overseeing small business legislationMap →
personTammira LucasWitness, CEO of The Cube Cowork and Assistant Professor at Coppin State UniversiMap →
personNydia VelazquezRanking Member of the House Committee on Small BusinessMap →
personJames R. ThompsonWitness, President of the Board of Directors, Pal-Con Ltd.Map →
personDaniel A. GrechWitness, Founder and CEO of BizHack AcademyMap →
personRoger WilliamsChairman of the House Committee on Small BusinessMap →
personNicholas BoyleWitness, CEO of Northern Keystone Towing and RecoveryMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance30
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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