South OC Times

U.S. Representative Young Kim (CA-40) has been awarded the 2024 Champion of Small Business Investing Award by the Small Business Investor Alliance (SBIA). The award recognizes her efforts to support small businesses and advance critical technologies and national security in the United States.

Rep. Kim, who serves on the House Financial Services Committee, was also the Ranking Member of the House Small Business Subcommittee on Innovation, Entrepreneurship, and Workforce Development during the 117th Congress.

“Small businesses support local economies, create jobs, and keep our communities running,” said Congresswoman Kim. “Entrepreneurs deserve our support as they adapt to keep their doors open and staff on payroll while dealing with inflation, tax hikes, supply chain backlogs, and labor shortages. I thank SBIA for the Small Business Investing Champion Award and will keep working on commonsense policies that cut regulatory costs and help our small business owners access the capital they need to expand and create more jobs.”

SBIA President Brett Palmer highlighted the importance of capital for small businesses: “Access to long-term, patient capital is essential for our domestic small businesses to grow and succeed. Our small business champions in Congress have demonstrated a strong commitment to investing in American jobs by supporting better access to capital for American small businesses and entrepreneurs.”

Rep. Kim's work includes several initiatives aimed at aiding small businesses:

- Addressing organized retail crime through the bipartisan Improving Federal Investigations of Organized Retail Crime Act.

- Expanding financial opportunities for underserved communities with the Financial Inclusion in Banking Act.

- Helping lead the PPP Extension Act during COVID-19, which provided approximately 2.7 million loans totaling around $54 billion.

- Protecting small businesses from cyberattacks via the SBA Cyber Awareness Act.

- Introducing regulations that do not harm small businesses through the Reviewing the Expansion of Government (REG) Act.

- Ensuring access to small dollar loans with the Small Dollar Loan Certainty Act.

- Streamlining information collection processes for challenges facing entrepreneurs with the Improving Access to Small Business Information Act.

- Providing education and mentorship services through SCORE for Small Business Act of 2022.

- Supporting taxpayer protection against IRS overreach with the Family and Small Business Taxpayer Protection Act.