Washington, DC – Today, U.S. Representative Young Kim (CA-40) received the 2024 Champion of Small Business Investing Award from the Small Business Investor Alliance (SBIA) for her commitment to growing small businesses across the nation and advancing U.S. critical technologies and national security.
Rep. Kim serves on the House Financial Services Committee and was Ranking Member of the House Small Business Subcommittee on Innovation, Entrepreneurship, and Workforce Development in the 117th Congress.
“Small businesses support local economies, create jobs, and keep our communities running,” said Congresswoman Kim. “Entrepreneurs deserve our support as they adapt to keep their doors open and staff on payroll while dealing with inflation, tax hikes, supply chain backlogs, and labor shortages. I thank SBIA for the Small Business Investing Champion Award and will keep working on commonsense policies that cut regulatory costs and help our small business owners access the capital they need to expand and create more jobs.”
“Access to long-term, patient capital is essential for our domestic small businesses to grow and succeed,” said SBIA President Brett Palmer. “Our small business champions in Congress, have demonstrated a strong commitment to investing in American jobs by supporting better access to capital for American small businesses and entrepreneurs.”
Rep. Kim has worked on policies to support small businesses such as:
- Addressing the rise of organized retail crime by leading the bipartisan Improving Federal Investigations of Organized Retail Crime Act to boost information sharing between the federal government, state and local law enforcement to hold criminal networks accountable;
- Expanding access to financial opportunities for underserved communities by helping introduce the Financial Inclusion in Banking Act;
- Providing an estimated 2.7 million loans totaling roughly $54 billion by helping lead the PPP Extension Act, which allowed small businesses more time to access targeted Paycheck Protection Program (PPP) loans during the COVID-19 pandemic;
- Protecting small businesses from cyberattacks by leading the Small Business Administration (SBA) Cyber Awareness Act;
- Ensuring regulations do not harm small businesses by introducing the Reviewing the Expansion of Government (REG) Act;
- Ensuring access to small dollar loans for small businesses and consumers by introducing the Small Dollar Loan Certainty Act;
- Helping introduce the Improving Access to Small Business Information Act, a bipartisan bill to streamline the process for the Securities and Exchanges Commission (SEC) to collect information, such as conducting field surveys to ensure the government can access better information on challenges facing entrepreneurs;
- Providing education and mentorship services for entrepreneurs through the SCORE for Small Business Act of 2022, a bipartisan bill to invest in the success of small businesses; and,
- Supporting the Family and Small Business Taxpayer Protection Act to prevent Internal Revenue Service (IRS) overreach on American families and small businesses.
