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Small Business

Small businesses play a vital role in the health of our nation’s economy, and their importance cannot be overstated. As a former small business owner, I signed the front of a paycheck for 30 years. I know firsthand the struggles and challenges small businesses and entrepreneurs face in today’s economic climate. My experience guides my work in Congress.  As Chairman of the Congressional Small Business Caucus, I am working to get government out of the way, so small businesses can do what they do best: create jobs and generate economic growth. Federal regulations have concentrated power in Washington, crippled small businesses, stunted job creation, and shuttered store fronts along Main Streets across America. I am working to advance policies that roll back unnecessary federal regulations, support small businesses, and empower entrepreneurs. 

 

More on Small Business

June 26, 2020 Press Release

WASHINGTON—This week, Congressman Scott Tipton (CO-03) earned the U.S. Chamber of Commerce’s “Spirit of Enterprise” Award. The award is given to members of Congress who have supported pro-growth policies during the 116th Congress. Tipton, a small business owner for more than 30 years and co-chair of the Congressional Small Business Caucus, was honored to receive the award.

May 27, 2020 Press Release
WASHINGTON—The U.S. Department of Treasury, in conjunction with the Small Business Administration (SBA), recently released its latest guidance on the Paycheck Protection Program (PPP), establishing the long-awaited criteria for determining eligibility for forgiveness of the loans. Specifically, the guidance makes clear that borrowers’ eligibility for PPP loan forgiveness is not jeopardized in instances where a small business owner made a good faith effort to restore a furloughed employee to their payroll but were unable to do so.
April 30, 2020 Press Release

WASHINGTON- This week, the U.S. Department of Treasury and the Small Business Administration (SBA) issued an Interim Final Rule yesterday that updated guidance for disbursement of Paycheck Protection Program (PPP) loans to afford maximum leniency to financial institutions in disbursing PPP loan funds to ensure that the loans could be forgiven. Congressmen Scott Tipton (CO-03) and Ed Perlmutter (CO-07) had earlier identified the necessity for guidance such as this, and took swift action to see it implemented.

April 13, 2020 Press Release

WASHINGTON—Congressman Scott Tipton (CO-03) and Congressman Gregory W. Meeks (NY-05) sent a letter to Treasury Secretary Steven Mnuchin asking the Treasury to consider offering Americans the option to receive their economic stimulus check from the CARES Act through a low- or no-cost bank account linked to a virtual or physical debit card. According to 2017 FDIC data, approximately 4.2 percent of Coloradans do not have a bank account and may experience delays in receiving their economic stimulus check.

April 13, 2020 Press Release

WASHINGTON—Congressman Scott Tipton (CO-03) sent a letter to Small Business Administrator Jovita Carranza and Treasury Secretary Steven Mnuchin requesting that the agencies provide leniency to smaller financial institutions who have lent money through the Paycheck Protection Program (PPP). Specifically, the letter requests that financial institutions who approved loans through the PPP before updated guidance was released last week receive a grace period in disbursing the funds to businesses.

April 9, 2020 Press Release

WASHINGTON—Congressman Scott Tipton (CO-03) provided the following statement after Congressional Democrats stalled efforts to provide additional funding for the Paycheck Protection Program:

November 25, 2019 Press Release

WASHINGTON— Today, the U.S. Department of Agriculture (USDA) announced a $2.7 million grant award to a broadband infrastructure project in western Colorado that will create or improve broadband connectivity for over 528 households in Colorado and Utah. Congressman Scott Tipton (CO-03) released the following statement after the announcement:

May 8, 2019 Video

Rep. Scott TIpton (CO-03) and Rep. Chellie Pingree (ME-01) talk about the Congressional Small Business Caucus during National Small Business Week 2019.

February 7, 2019 Press Release

WASHINGTON D.C. – Today, Congressmen Scott Tipton (CO-03) voted to pass bipartisan legislation to increase transparency and oversight of funds paid out under the Equal Access to Justice Act (EAJA). The Open Book on Equal Access to Justice Act (H.R.752) passed the House with a unanimous vote.