Washington, DC – Today, the Small Business Investor Alliance (SBIA) named U.S. Representative Young Kim (CA-39) a Small Business Investing Champion for her tireless work on the House Small Business Committee.
Rep. Kim serves as Ranking Member of the House Small Business Subcommittee on Innovation, Entrepreneurship and Workforce Development and serves on the House Small Business Subcommittee on Economic Growth, Tax and Capital Access.
“Small businesses are the heartbeats and economic engines of our local communities in Southern California,” said Rep. Kim. “Supporting small business owners and workers with common sense, pro-growth policies and access to capital is key to our economic recovery. I thank SBIA for the Champion of Small Business Investing Award and will keep working hard to boost our entrepreneurs who create jobs and keep our communities running.”
“Congresswoman Kim has been a strong advocate for investment in America’s small businesses,” said SBIA President Brett Palmer. “Access to long-term, patient capital is essential for American small businesses to grow and succeed. Our small business champions in Congress have demonstrated a strong commitment to investing in American jobs by facilitating greater capital access for America’s small businesses and entrepreneurs.”
The Champion of Small Business Investing Award is presented by the SBIA to a select group of Members of Congress to acknowledge their support for policies that promote capital access for domestic small businesses. Learn more about the SBIA, here.
Rep. Kim, a small business owner, has led several bipartisan bills to support entrepreneurs, such as:
- The Paycheck Protection Program Extension Act (H.R. 1799) to extend the PPP deadline, which passed the House on March 16, 2021 and was signed into law on March 30, 2021, providing for an estimated 2.7 million loans totaling roughly $54 billion;
- The 504 Modernization and Small Manufacturer Enhancement Act (H.R. 1490) to streamline and improve the Small Business Administration (SBA) 504 loan program, which passed the House April 15, 2021;
- The 504 Credit Risk Management Improvement Act (H.R. 1482) to strengthen the SBA 504 loan program, which passed the House April 16, 2021;
- The SBA Cyber Awareness Act (H.R. 3462) to strengthen cybersecurity at the SBA to handle and report cyber threats impacting small businesses, which passed the House on November 2, 2021;
- The SCORE for Small Business Act (H.R. 6450) to reauthorize the SBA’s SCORE mentor program, which passed the House on April 26, 2022;
- The MicroCap Small Business Investing Act of 2021 (H.R. 3842) to boost investment and capital access for small business owners in low-income and underrepresented communities;
- The Golden-preneurship Act (H.R. 7552) to create a “Golden Entrepreneurs” training program at the SBA to support senior entrepreneurs, which was introduced on April 21, 2022; and,
- The Post 9/11 Veteran Business Acceleration Act (H.R. 8660) to assist Post 9/11 veterans in establishing, opening, and successfully operating a qualified small business.
