Rose Fights for Small Businesses in Rural Communities
WASHINGTON, D.C. – Wednesday, marking the midpoint of National Small Business Week, Congressman John Rose (TN-6) advocated for the proud small business owners in rural communities of Tennessee’s Sixth Congressional District at the House Financial Services Committee meeting. He strongly encouraged his fellow committee members to support his proposed legislation that would allow entrepreneurs in rural communities to receive the capital formation technical assistance available to many other small businesses across the state and nation.
“Small businesses are truly the engine of growth in rural communities,” said Rose. “The vast majority of the 19 counties in Tennessee’s Sixth District are rural, and the workforces in these communities depend on job opportunities provided by entrepreneurs who build their businesses from the ground up. The men and women who operate and work for these enterprises are some of the hardest working people I have met. Startups, family businesses, and local companies in rural communities are often overlooked. Yet, their challenges deserve the same attention other innovators and job creators would receive. This is commonsense reform and a great step toward empowering entrepreneurs by leveling the playing field for small businesses in all types of communities across the United States.”
The legislation, H.R.2409, adds rural small businesses to the mission of the Office of the Advocate for Small Business Capital Formation and will require the U.S. Securities and Exchange Commission to consider any adverse effects of regulations on rural small businesses. It was introduced on April 30, 2019 and reported favorably out of the House Financial Services Committee on May 8, 2019. Congressman Rose introduced the legislation with Reps. Cynthia Axne (IA-3), Alex Mooney (WV-2), Nydia Velázquez (NY-7), Chris Pappas (NH-1), and Denver Riggleman (VA-5). The Senate companion bill was introduced by Senators John Kennedy (R-LA) and Doug Jones (D-AL).
Congressman John Rose represents Tennessee’s Sixth Congressional District and resides in Cookeville with his wife, Chelsea, and their son, Guy. The Sixth District includes Cannon, Clay, Coffee, Cumberland, DeKalb, Fentress, Jackson, Macon, Overton, Pickett, Putnam, Robertson, Smith, Sumner, Trousdale, White, and Wilson counties as well as portions of Cheatham and Van Buren counties.