Small Business Investor Alliance Testifies Before House Financial Services Committee

FOR IMMEDIATE RELEASE
CONTACT:
Tonnie Wybensinger
Small Business Investor Alliance
(202) 628-5055
press@sbia.org

SBIA Testifies That Private Equity is a Robust Source of Job Creation

WASHINGTON, D.C. (November 19, 2019) – The Small Business Investor Alliance (SBIA)’s President, Brett Palmer, testifies today before the House Financial Services Committee. The Committee’s hearing titled “America for Sale? An Examination of the Practices of Private Funds” will be held at 10:00 am EDT in 2128 Rayburn House Office Building.

SBIA members supplement the flow of private equity capital and long-term loan funds, which small businesses need for the sound financing of their operations while also stimulating the national economy and job growth.

“Private equity is a positive force for job creation, innovation, and expanding prosperity to the people and places that are not fully benefiting from our system of free enterprise. The profits from private equity fund the retirement security of millions of pensioners and the scholarship money used to provide educational access to a new generation of college students. Private equity is a force for good.” said SBIA President Brett Palmer.

You can find Mr. Palmer’s testimony here.

The hearing will be webcast live here — and an archived video will be available shortly after the hearing is complete.

 

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About the Small Business Investor Alliance (SBIA)

The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.

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