Small Business Committee Introduces Small Business Saturday Resolution

Statement

Members of the House Small Business Committee have joined together to lead the introduction of a bipartisan House resolution to recognize the Saturday after Thanksgiving, November 26th, as "Small Business Saturday."

"America's small businesses, entrepreneurs, and innovators need to be assured that we are fighting on their behalf, and that they have a voice in Washington." Small Business Committee Chairman Steve Chabot (R-OH) said. "Support for America's small businesses reaches beyond partisan lines and consistently reaches across the aisle. I thank Ranking Member Velázquez for her support for this bipartisan resolution to inspire all Americans to "shop small' on November 26th."

"Entrepreneurship is a cornerstone of the American economy and it is critical we work together to help our small businesses succeed," Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) said. "I am proud to work with Chairman Chabot in introducing this legislation that recognizes Small Business Saturday and encourages Americans to shop at the Main Street businesses that make this nation great."

The resolution, H. Res. 886, notes that there are over 28 million small businesses in the United States which:

- Represent 99.7 percent of all businesses with employees

- Employ over 48 percent of private sector employees

- Pay over 42 percent of the total private sector payroll

- Constitute 98 percent of firms exporting goods

- Created 63 percent of net new jobs over the past two decades

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