Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez, passed seven bipartisan bills to improve SBA lending programs, boost small business cyber-security, and reauthorize a program providing entrepreneurial development training to veterans. “After a year plus of fighting the pandemic, small businesses are finally getting closer to normalcy thanks to vaccin... Read More »
Washington, D.C.— Today, Rep. Jason Crow (D-CO), Chairman of the Subcommittee on Innovation, Entrepreneurship, and Workforce Development, held a hearing on the opportunities the clean energy economy presents for the small business sector. “This year, we’ve already experienced unprecedented climate events across the country that remind us that the climate crisis is a threat to human lives and econo... Read More »
The coronavirus pandemic may have been the most severe and widespread shock to the global economy in recent history. It was a harsh reminder of the economic and social injury that come with being unprepared. The impact to small businesses in the U.S. has been especially damaging. In an effort to quickly address the crisis, Congress established emergency relief programs like the Paycheck Protection... Read More »
Washington, D.C.— Today, Rep. Dean Phillips (D-MN), Chairman of the Subcommittee on Oversight, Investigations, and Regulations, held a hearing examining the role of the Small Business Administration (SBA) and small firms in fighting climate change. In 2021, historic floods, record temperatures, and blazing wildfires have wreaked havoc on communities, posing a significant threat to small businesses... Read More »
As new technology has made America more dependent on digital tools, malicious actors have been launching more frequent and severe cyber-attacks. In the early months of 2021, we’ve seen a wide array of headlines detailing attacks on institutions like large corporations and municipal governments. Just yesterday, the Biden administration acknowledged that hackers affiliated with the Chinese governmen... Read More »
Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held a hearing focused on improving cybersecurity preparedness in the small businesses sector. The hearing occurred following the Biden administration’s acknowledgement yesterday that hackers affiliated with the Chinese government were behind a major cyberattack on Microsoft Corp. that potenti... Read More »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Rep. Byron Donalds (R-FL) introduced legislation to encourage cooperation between small businesses and the federal government to protect against cyber threats. The Small Business Advanced Cybersecurity Enhancements Act would boost collaboration between the government and small businesses by utilizing S... Read More »
For many years, America's innovative prowess has propelled our nation to become the world's preeminent economic power. Our economic dominance has, in part, been driven by federal investment in research and development. By prioritizing innovation, the federal government has financed inventions and discoveries that have benefited the economy and improved lives across the globe. Innovations has also ... Read More »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access, under Chairwoman Sharice Davids (D-KS), examined current Small Business Administration (SBA) initiatives designed to encourage innovation. The hearing focused on ways innovation can benefit small businesses, drive recovery from the pandemic, and boost the country’s long-term econom... Read More »
The health of the economy in rural communities is strongly tied to the overall well-being of the American economy. Rural areas hold the vast majority of our country’s land and supply the rest of the country with the food, water, and energy we depend on. And yet, as the representative of one of the most rural districts in the country, I’ve seen countless examples of the ways rural communities are i... Read More »
Washington, D.C.— Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its June jobs report: “The June jobs report is a welcome sign that America’s economy is progressing steadily towards recovery. In June, our economy beat expectations by adding 850,000 jobs. These gains were driven by small... Read More »
The COVID-19 pandemic inflicted a once-in-a-lifetime economic shock on our nation. The small businesses that make up the foundation of our economy were particularly hard hit. Despite government efforts, nearly 200,000 businesses that closed their doors during the pandemic may never reopen. These enterprises were more than just storefronts; they were entrepreneurs’ livelihoods, job creators, and pi... Read More »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) introduced a bill to establish a student loan debt forgiveness and deferment program for entrepreneurs. The Supporting America’s Young Entrepreneurs Act of 2021 seeks to lower one of the most prominent barriers to starting a business, outstanding student loan debt. “Our nation is currently facing the dual ... Read More »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Innovation, Entrepreneurship, and Workforce Development, led by Chairman Jason Crow (D-CO), held a hearing focused on reversing the decades-long trend of declining entrepreneurship in the United States. The hearing examined policy options to incentivize new business creation and ultimately drive equitable economic recovery... Read More »
Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held its annual “Member Day” hearing. The hearing featured testimony from members of Congress regarding the issues that are impacting small businesses in their home districts. During the hearing, members focused on topics related to the ongoing recovery from the COVID-19 crisis and how Congres... Read More »
