Statement from Senate President Randy E. Smith and Speaker of the House Roger Hanshaw on Signing of SB 1

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Official release

Source material from West Virginia Legislature. The wording below is the issuer’s statement.

Member's Press Release

Release Date: 02/24/2026

Contact: Ann Ali at (304) 340-3323 and Jacque Bland at (304) 357-7999

Randy Smith Roger Hanshaw

Statement from Senate President Randy E. Smith and Speaker of the House Roger Hanshaw on Signing of SB 1

"We applaud Governor Patrick Morrisey for putting West Virginia small businesses front and center by making Senate Bill 1, the Small Business Growth Act, the first bill signed into law this year. This new initiative, which is effective immediately, will provide our state’s small business owners with a new way to access capital and will put them on equal footing with several other neighboring states already benefitting from programs just like this one. This bill helps give those small businesses that little boost they need by drawing in private investments to let them expand their efforts when they’re ready, not just when other traditional sources of lending are ready. Small businesses are the backbone of this great state, and we’re proud to be a part of helping to strengthen them statewide."

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