| Gordon backs bills helping small businesses |
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Posted: Wednesday, November 18, 2009 3:32 pm
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WASHINGTON – Congressman Bart Gordon supported three bipartisan bills today aimed at helping small businesses in Tennessee and around the country. Each bill was passed by the U.S. House of Representatives.
The House approved the Small Business Health Information Technology Financing Act (H.R. 3014), which would create a loan program in the U.S. Small Business Administration to help medical professionals purchase health information technology.
“Numerous studies have shown that if doctors and hospitals started using secure health information technology systems, like electronic medical records, billions of dollars could be saved each year nationwide,” said Gordon who has been a longtime advocate for reducing the costs of practicing medicine.
Earlier this year, the President implemented a tort reform initiative that Gordon developed to reduce the number of frivolous medical malpractice lawsuits that doctors face.
The House also passed the Small Business Early-Stage Investment Act (H.R. 3738) and the Expand Entrepreneurship Act (H.R. 1842). Both measures aim to support new, promising small businesses.
“Early-stage businesses have been found to be some of the best job creators, but starting a new business is no easy task,” said Gordon. “These bills create important SBA programs that will assist small businesses in getting up and running. Helping small businesses grow is especially important for Tennessee’s economy, where more than 95% of our state’s private workforce is employed by small businesses.”
The Small Business Early-Stage Investment Act creates an SBA investment program tasked with providing grants to small businesses involved in health information technology, digital technology, defense technology, and agriculture research and development. The Expand Entrepreneurship Act directs the SBA to develop a comprehensive plan that identifies a strategy for each SBA region to create jobs through its programs.
Having passed the House, the three bills will now move to the Senate for consideration.
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