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Empowering America's Small Businesses to Confront China

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America’s ability to rise to the challenge, from the revolution to the moon landing and beyond, defines our shared past. Time after time, the nation has met the moment because we marshaled the national resources necessary to do so. The Small Business Administration is one such example.

Created in 1953, the SBA sought to promote American small business development, recognizing the critical role small businesses serve in creating good jobs and economic dynamism, as America mobilized business investment and supply chains to compete and win the Cold War. Today, it is time to renew this mission of supporting the innovative entrepreneurs who create meaningful jobs. American small businesses face new challenges in the 21st century, and the current incarnation of the Small Business Act is ill-equipped for the task.

When the act was last reauthorized in 2000, only 41.5% of households had Internet access, and nearly all of those were using dial-up with speeds of........

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