SBE Council Expresses Relief Over Passage of “Fiscal Responsibility Act” by Wide Margin in U.S. House

By at 31 May, 2023, 10:38 pm


For Immediate Release

Washington, D.C. – Following passage of the “Fiscal Responsibility Act” by the U.S. House of Representatives by a final vote of 314-117, Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement:

“We are both relieved and pleased that the ‘Fiscal Responsibility Act’ passed with significant bipartisan support in the House. The legislation responsibly raises the debt ceiling while advancing other key policies that provide stability for the U.S. economy as well as support for small businesses as they navigate costly pain points and uncertainties. The ‘Fiscal Responsibility Act’ includes reforms and measures that begin to chip away at resolving some of these pain points. Now, the Senate must act quickly on this critical measure so that Congress can continue to tackle a range of important issues that will support entrepreneurs and small business owners in their efforts to more effectively compete and operate in a challenging economy.”

In a letter sent to the U.S. House today, SBE Council explained the group’s support of the “Fiscal Responsibility Act” and urged all Members to support the legislation.

Related content:

U.S. Debt Default: An Awful Aftermath for Small Businesses, Small Business Insider, by Karen Kerrigan

U.S. Debt Default: Avoiding Shock to Our Financial Institutions and Small Businesses, Small Business Insider, by Karen Kerrigan

Contact:  Karen Kerrigan,

SBE Council is a nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 28 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit for additional information. Twitter: @SBECouncil


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