Arrington to Co-Chair Bipartisan Congressional Family Business Caucus in 118th Congress
Washington, December 1, 2022
WASHINGTON, D.C. – Today, Representative Jodey Arrington (TX-19) joined Reps. Brad Schneider (IL-10), Claudia Tenney (NY-22), and Tom O’Halleran (AZ-01) to launch the Congressional Family Business Caucus, which they will co-chair in the 118th Congress. This is the first congressional caucus focused solely on the critical issues facing generational owned family businesses of all sizes and industries across the United States.
“America’s family-owned businesses are the foundation of our economy, responsible for more than half of the country’s employment and accounting for 78% of new job creation. Unfortunately, business owners and entrepreneurs face numerous challenges from high inflation to labor shortages, to burdensome tax policies and regulations. I am proud to co-lead the Congressional Family Business Caucus to promote policies that will help family-owned businesses – including our farmers, ranchers, and energy producers – thrive for generations to come,” said Rep. Arrington.
“Family businesses are the backbone of our economy, employing the majority of America’s private sector workforce and representing trillions of dollars of our economy each year. Yet, in speaking with family businesses from all parts of our country, they feel our current economic policies place them at a disadvantage, impede their capacity to grow, and put at risk their ability to pass on ownership of the business to the next generation. As such, it is time for Congress to take a closer look at and better understand the needs of America’s family businesses. Establishment of the Congressional Family Business Caucus – which is long overdue – will go a long way toward keeping our family businesses at the forefront of policymaking and foster an environment that helps them thrive for generations to come,” said Reps. O’Halleran, Tenney, and Schneider.
“With this new congressional caucus, family businesses now have the focused support of our leaders in Congress,” said Pat Soldano, President of Family Enterprise USA, a supporter of the new caucus and an advocate for multi-generational family-owned businesses. “We’ve been working for the growth of America’s family businesses for decades, but today our voice has greater power with the formation of this bipartisan congressional caucus. We look forward to working with the caucus to help bring the importance of family businesses front and center to the many issues facing this country.”
The Congressional Family Business Caucus will meet regularly and connect Members of Congress with America’s family businesses in Washington, D.C., and in their districts and home states. Caucus membership is open to all Members of Congress seeking to learn more about generational owned family business issues, which employ 59% of the nation’s private workforce, or 83.3 million workers.