Washington, D.C. - Congressman Brady, of Texas, today voted in support of repealing the small-business killing 3% withholding rule. The 3% withholding rule which the House repealed today by a vote of 405 to 16, required that all levels of government withhold 3 percent of payments owed to their contractors throughout the United States. The bipartisan bill, H.R. 674, would repeal this burdensome requirement. The withholding, if allowed to occur, would prevent businesses from hiring new employees and could in some cases require that businesses take out a loan to cover the losses due to complying with the law.

“Supporting the repeal of the 3 percent withholding law is a demonstration that Washington can work together. Today’s strong bipartisan vote is evidence that this Congress can work together to reduce the uncertainty facing America’s job creators, and we can free up valuable resources businesses can use for hiring,” said Brady.