PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Capital and Credit Watch

September 13th, 2017 by

  by Raymond J. Keating- Government regulations always hit smaller businesses much harder – including by discouraging new entrants into the regulated industry – than their larger competitors. That goes for regulating the financial industry as well, such as via the Dodd-Frank financial regulation law. Perhaps the most glaring problem with the Dodd-Frank law is […]

September 7th, 2017 by

by Raymond J. Keating- The Federal Deposit Insurance Corporation (FDIC) publishes lending data, including bank loans for small businesses. According to the latest numbers from June 2017, both small business loan balances and the number of small business loans continue to grow. However, small business lending still has not recovered to levels before the 2008-09 […]

June 15th, 2017 by

by Raymond J. Keating- Small businesses always face a tough time in gaining access to credit. But it’s been particularly difficult over the past near-decade, given the recession, the poor economic recovery, and excessive and costly regulation on financial institutions. That has been made clear in various SBE Council analyses – such as here, here […]

June 12th, 2017 by

NAFTA NEGOTIATIONS  Comments on Negotiations with Canada and Mexico Regarding Modernization of the North American Free Trade Agreement (NAFTA) Submitted to the Office of the United States Trade Representative Raymond J. Keating Chief Economist Small Business & Entrepreneurship Council   On behalf of the Small Business & Entrepreneurship Council (SBE Council), I am writing on […]

June 6th, 2017 by

by Raymond J. Keating- If Members of Congress are serious about supporting small business, then they need to vote in favor of the Financial CHOICE Act of 2017 (H.R. 10). The legislation will be voted on this week by the U.S. House of Representatives. Regulatory Modernization and Sanity The CHOICE Act would bring regulatory relief […]

May 9th, 2017 by

by Raymond J. Keating- The Federal Reserve released its latest Senior Loan Officer Opinion Survey on Bank Lending Practices on May 8, which looks at “changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months.” A few key points regarding small business: Easing Terms […]

April 12th, 2017 by

  Second in a Two-Part Series by Raymond J. Keating- The emphasis on the regulatory front has switched dramatically in a short period of time. During the Obama administration, the default was to increase regulation – in fact, it was eight years of hyper-regulation. Part of that hyper-regulation was passage of the Dodd-Frank financial regulatory […]

April 12th, 2017 by

by Raymond J. Keating- According to the Federal Reserve’s consumer credit report for February, released on April 7, consumer credit (which excludes real estate loans) experienced solid growth. Revolving credit (mainly, credit card debt), after a decline of 3.2 percent in January, grew by 3.5 percent (seasonally adjusted annual rate) in February. It’s also worth […]

March 31st, 2017 by

(and why we need to clean up the mess) First in a Two-Part Series by Raymond J. Keating- It’s not unusual for politicians to react to a real or perceived crisis by haphazardly doing “something.” We saw this during the debate over ObamaCare. That is, our health care system was declared a mess (despite it […]

March 23rd, 2017 by

by Raymond J. Keating- On March 22, I had the opportunity to testify before the Subcommittee on Capital Markets, Securities, and Investment of the Committee on Financial Services in the U.S. House of Representatives. The subject of the hearing was “The JOBS Act at Five: Examining Its Impact and Ensuring the Competitiveness of the U.S. […]

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