U.S. Congressman Steve Knight | E-Newsletter
District Update |May 5, 2017 Click here if you have trouble viewing this email
U.S. Congressman Steve Knight
For Immediate Release Contact: CONTACT NAME
Friday May 5, 2017 daniel.outlaw@mail.house.gov
KNIGHT AUTHORS BILL TO EXPAND ACCESS TO CAPITAL FOR SMALL BUSINESSES
LEGISLATION WOULD HELP FIRMS GROW THEIR OPERATIONS
(WASHINGTON, DC) –Rep. Steve Knight (CA-25) introduced bipartisan legislation along with Representatives Grace Meng (NY-6) and Carlos Curbelo (FL-26) this week to help make it easier for small businesses to access the capital they need to grow and create jobs.

The Small Business Investment Opportunity Act would make improvements to the Small Business Investment Company (SBIC) Program, an initiative administered by the Small Business Administration (SBA) that allows privately owned and managed investment funds called SBICs to invest in small businesses. Current law limits the amount of capital SBICs can invest in growing firms, but Knight’s bill would raise that limit so small businesses can have access to additional funds that would help them expand their companies and hire new employees.

“Access to capital can be a serious barrier to growth for small businesses, and the SBIC program is an excellent way of making those funds available,”
said Knight. “This bill would expand the amount of capital available to the entrepreneurs in our community to help them grow their operations and hire more of our neighbors.”

Knight, who serves as Chair of the House Small Business Subcommittee on Contraction and the Workforce, worked on several initiatives to help growing companies this year, including legislation that would help provide resources and counseling to female entrepreneurs by improving the Women Business Centers Program. Last year he was awarded the ‘Champion of Small Business Award’ by the Small Business Investor Alliance (SBIA) for his support of small business investors in Congress. 

The Small Business Investment Opportunity Act currently awaits consideration in committee.


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Representative Steve Knight, (R-Antelope Valley), represents California's 25th Congressional District in the US House of Representatives, which includes the communities throughout the Antelope, Santa Clarita and Simi Valleys.

Washington, DC Office
1023 Longworth House Office Building
Washington, DC 20515
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