Small Business and Employee Involvement; The Team ACT Proposal Hearing Before the Committee on Small Business, United States Senate, One Hundred Fourth Congress, Second Session, April 18, 1996 (Classic Reprint)

Excerpt from Small Business and Employee Involvement; The Team Act Proposal: Hearing Before the Committee on Small Business, United States Senate, One Hundred Fourth Congress, Second Session, April 18, 1996

Chairman bond. Good morning, ladies and gentlemen. We are going to proceed. Senator Bumpers has suggested we go ahead.

This hearing today, before the Small Business Committee on the employee involvement in small business, the team Act, is going to be chaired by my good friend and colleague, Senator John War ner. Senator Warner has been a leader in the employee involve ment issue and I appreciate having someone with his expertise act as Chairman today. Unfortunately, I have several unavoidable scheduling conflicts.

I am pursuing the increased deductibility for self-employed peo ple for health insurance on the Senate floor in the health insurance reform debate today, and it is very important. I also have a news conference or two that I have to crash this morning. SO I will not be able to stay for the statements and the opening testimony.

I would state for the record that the Labor Committee had a markup of the team Act yesterday. The final vote on reporting it out was 9 to 7. I think it is very important for small businesses that we understand the impact of the team Act on small business before the bill goes to the floor. That is why we are holding this hearing today.

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