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House committee considers bill to benefit small biz

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WASHINGTON (May 30, 2014) — The House Committee on Financial Services is considering a bill that would establish a 12-member Small Business Advisory Board within the Consumer Financial Protection Bureau (CFPB).

According to the language of H.R. 4383, the advisory board would advise the bureau on the exercise of its functions under federal consumer financial laws, and also provide information on emerging practices within small businesses that provide eligible financial products or services.

The Financial Services Committee’s Housing and Insurance Subcommittee held a hearing on H.R. 4383 and similar bills May 21. Andrew Pincus, representing the U.S. Chamber of Commerce, testified on behalf of the bill.

“The Chamber repeatedly has urged the CPFB to improve its outreach to small business, and this measure would create an important mechanism for increasing the voice of small business at the CPFB,” Mr. Pincus said.

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TB Reader Poll

Previous | Published July 14, 2016

Is the uncertainty swirling about the U.S. presidential election this fall having any effect on your business plans?

We've decided to put investments on hold.
8%
(7 votes)
We're not doing any hiring until the election's over.
7%
(6 votes)
It doesn't matter a bit. We're going full speed ahead.
34%
(30 votes)
We're taking a cautious approach and weighing every decision.
30%
(26 votes)
Is it too late to move to Canada?
15%
(13 votes)
I'm not planning to vote. It would be too painful.
7%
(6 votes)
Total votes: 88