Mrs. MYRICK. Mr. Speaker, for purposes of debate only, I yield the customary 30 minutes to my friend, the gentlewoman from New York (Ms. Slaughter); pending which I yield myself such time as I may consume. During consideration of this resolution, all time yielded is for purposes of debate only.
This rule provides for a single motion offered by the chairman of the Committee on Government Reform to concur with the Senate amendments. The rule waives all points of order against consideration of the motion to concur with the Senate amendments, and provides for 1 hour of general debate equally divided and controlled by the chairman and ranking member of the Committee on Government Reform.
The purpose of this legislation is to reduce the Federal paperwork burden on small businesses. Mr. Speaker, with the plethora of regulatory mandates on small business growing to unprecedented levels, so, too, is the gigantic task of filling out required paperwork. Our Nation's 23 million small businesses spent approximately 7 billion, billion with a ``B,'' hours filling out Federal paperwork in 1998, according to the Office of Management and Budget. The cost associated with this burdensome paperwork
is estimated at $229 billion, again billion with a ``B,'' and that does not take into account State and local requirements.
As a one-time small businesswoman myself, I know the hurdles that our entrepreneurs face: strangling red tape, burdensome regulations, and mountains of paperwork. H.R. 327 would help to streamline small business' paperwork burden by requiring Federal agencies to publish a list of resources that small businesses could use for complying with applicable paperwork requirements so they can know exactly what is required of them.
In addition, it would require each Federal agency to establish a liaison for small business paperwork requirements and to help small businesses comply with their legal obligations, and it would establish a task force to consider ways to streamline paperwork requirements even further.
H.R. 327 is a step in the right direction. It relieves our Nation's small businesses from an overwhelming paperwork burden that threatens to bury them. To that end I urge my colleagues to support this rule and to support the common-sense underlying legislation. It is a bicameral, bipartisan agreement that the Senate has already passed.
Mr. Speaker, I reserve the balance of my time.
Ms. SLAUGHTER. Mr. Speaker, I rise in support of the rule and in support of the underlying bill.
Mr. Speaker, at a time when large corporations and manufacturers are announcing layoffs and scaling back production, more and more regions of the country are learning what western New York already knows; that the small business sector can be the real economic engine for our communities. Small businesses generate the jobs that keep our cities and towns vibrant, they generate the opportunities that anchor our sons and daughters to family and home, and they foster the innovators who represent the
brightest hope for our future.
Last month I was pleased to host the Small Business Administration's 2002 Young Entrepreneur of the Year, a young man named Aaron Zach Philips from Rochester, New York. Although only 25 years old, Zach has achieved remarkable success. He is the president of Kink BMX, a manufacturer and distributor of BMX bicycle parts and related soft goods. Since 1999, Zach has doubled his company's growth annually with sales reaching nearly $1 million as of March 31, 2001. Zach now does business outside the
United States and sells his product through distributors in Europe, Canada, Australia, and Japan. On every mailing logo, every label, every brochure or marketing tool he prints the words ``Rochester Made Means Quality Made.''
Zach embodies a growing trend that Congress must continue to foster. Small businesses now account for approximately 75 percent of all new jobs added to the economy and represent 99.7 percent of all employers. Small businesses provide almost one-third of the workers with their first jobs and initial on-the-job training in basic skills. The important role small businesses play in keeping our Nation competitive must not be overshadowed by corporate America's clout in this body. We must ensure that
entrepreneurs like Zach are afforded the same attention and access to Washington that the large corporate interests enjoy. [Page: H3623]
A quick look at the numbers show that small businesses form the backbone of our economy. They account for half of our domestic products and contribute more than 55 percent of the innovations in such sectors as manufacturing, technology and services. During the long boom of the 1990s, small businesses forged the way for high-tech expansion and growth. They now account for almost 40 percent of the jobs in the high-technology sector.
One reason for this is that women and minorities are opening small businesses in record numbers. Women-owned businesses nearly doubled during the last decades. There are currently an estimated 6.2 million women-owned businesses, accounting for 28 percent of all privately held firms. These firms generate $1.15 trillion in sales and employ 9.2 million workers. The number of minority-owned enterprises nearly quadrupled in the last decade, and they generally outstrip the national average in business
creation and receipts. Minorities now own 15 percent of American business, and 99 percent of these businesses are small businesses.
Congress has addressed the needs of small business before. We have passed paperwork reduction legislation, such as the Paperwork Reduction Act, PRA, and the Small Business Regulatory Enforcement Fairness Act. Moreover, the last administration streamlined regulations by reinventing government and implementing many of the recommendations made by the White House Conference on Small Businesses. The measure before us today continues this effort to reduce unnecessary paperwork for small businesses.
I know of no opposition to this measure.
Mr. Speaker, I reserve the balance of my time.
Mrs. MYRICK. Mr. Speaker, I yield such time as he may consume to the gentleman from California (Mr. Ose), who is the Chair of the subcommittee.