Washington, DC- House Small Business Committee Chairman Sam Graves (R-MO), today named Rep. Tom Rice (R-SC), Chairman of the Economic Growth, Tax and Capital Access Subcommittee for the 113th Congress.
“As a businessman and tax attorney, Congressman Rice is a great fit for the Committee, and I’m very happy to welcome him,” Graves said. “Small business owners are facing major challenges, and it’s a real benefit that Tom Rice has the knowledge and background to contribute from day one.”
The Economic Growth, Tax and Capital Access Subcommittee evaluates the operation of the financial markets in the United States and their ability to provide needed capital to small businesses. In addition, the Subcommittee reviews federal programs, especially those overseen by the SBA, aimed at assisting entrepreneurs in obtaining needed capital. Since tax policy plays an integral role in access to capital, this Committee also examines the impact of federal tax policies on small businesses.
“I am honored to receive the appointment as Chairman of the Economic Growth, Tax and Capital Access Subcommittee,” said Rice. “As a tax attorney for 28 years and small business owner, I understand the challenges entrepreneurs encounter when launching a new business venture. Together, my colleagues and I will work to limit government overreach, enact serious tax reform, and lower the cost of doing business in America, so our small business owners—America’s economic engine—can compete in our economy and the global marketplace.”