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Chairwoman Velázquez on Trump’s Escalation of Trade War

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after President Trump announced new tariffs on $300 billion in Chinese imports: “The ongoing trade war has already taken a massive toll on America’s consumers and small businesses, forcing many to pay an unnecessary tax placed on their back by this Administration. “Now, becau... Read More »

Velázquez Pens Letter to Capital One in Wake of Small Business Data Hack

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) wrote to Capital One CEO Richard Fairbank, seeking more information on how the company’s recent data breach will affect small business owners and what efforts the company is taking to mitigate the impact on these small firms. The letter comes on the heels of a massive data breach that affected approxi... Read More »

Finkenauer Looks to Expand Resources for Next Generation of Farmers

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship, under Chairwoman Abby Finkenauer (D-IA) gathered young farmers and agricultural entrepreneurs to discuss the issues that they face and ways that Congress can support them. "The future of our rural economy truly depends on this next generation," said Chairwoman Finkenauer. ... Read More »

Velázquez Pushes for Tax Reform that Benefits Main Street

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Committee, under Rep. Nydia M. Velázquez (D-NY) gathered experts and entrepreneurs to examine the impact of the Tax Cuts and Jobs Act (TCJA) on small businesses. The TCJA emphasized tax cuts for large corporations while making the tax code more complicated for many small business owners. “What we are seeing nearly a year after the tax law was passe... Read More »

Committee Passes Set of Bipartisan Bills to Advance Veteran Entrepreneurship

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Committee passed five bipartisan bills to enhance opportunities for America’s veterans seeking a pathway to entrepreneurship after service. “Those who put their lives on the line for our country deserve nothing less than to return home with ample opportunities to pursue the American dream of starting a small business,” said Chairwoman Nydia M. Velá... Read More »

Bipartisan Small Business Bills Pass in House

| Posted in Press Releases

Washington, D.C.— Today, the House passed several bipartisan reforms to amend the Small Business Act and the Small Business Investment Act. The bills passed today will further expand capital access for small businesses recovering from a natural disaster, help small firms guard their data against hackers, and provide clarity around size standards for small firms competing for government contracts. ... Read More »

Committee to Markup Bills on Veteran Entrepreneurship

| Posted in Press Releases

Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) has announced the Committee will meet to markup the following bills on Wednesday, July 17th at 11:30 A.M.: • H.R. 3537, “Veteran Entrepreneurship Training Act of 2019” • H.R. 3734, “Successful Entrepreneurship for Reservists and Veterans Act” • H.R. 1615, “Verification Alignment and Service-disabled Business Adju... Read More »

Statement of the Hon. Judy Chu on SBA Management and Oversight of the SCORE Program

| Posted in Statements

SCORE was first established in 1964 as a national, volunteer nonprofit organization, whose mission is to foster vibrant small business communities through mentoring and education. Over the years, it has grown to one of the largest networks of volunteers, with more than 11,000 expert business advisors at 350 chapters nationwide. SCORE provides free or low-cost mentoring and training to small busine... Read More »

Chu Calls for Reforms and Accountability in SBA’s SCORE Program

| Posted in Press Releases

Washington, D.C.—Today, Rep. Judy Chu (D-CA) Chairwoman of the Small Business Subcommittee on Investigations, Oversight, & Regulations gathered officials from the U.S. Small Business Administration (SBA) to answer questions regarding the agency’s oversight of the SCORE program. Chu called the hearing following an April report from the office of the SBA Inspector General that found systemic issues ... Read More »

Statement of the Hon. Nydia M. Velázquez on Continuing to Serve: From Military to Entrepreneur

| Posted in Statements

Every year more than 200,000 of our nation’s heroes make the transition out of our military. Some pursue employment opportunities, others go back to school, or learn a new trade. And some decide to pursue the American dream and launch a small, innovative business. For these returning servicemembers, the Small Business Administration can play a key role to help turn their small business dreams into... Read More »

Velázquez Gathers Former Servicemembers to Talk Supporting Veteran Entrepreneurs

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) gathered a panel focused on recognizing the substantial role of veteran entrepreneurs in the economy and the challenges that they face when starting a small business. During the hearing, former service members highlighted the struggles that veterans face and weighed in on current government programs a... Read More »

Chairwoman Velázquez Announces Bills to Open SBA Programs to Legal Cannabis Businesses

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY), Rep. Jared Golden (D-ME), and Rep. Dwight Evans (D-PA) announced legislation to extend several Small Business Administration (SBA) initiatives to small businesses operating in the cannabis sector. Velázquez has introduced H.R. 3540, the Ensuring Safe Capital Access for All Small Businesses Act of 2019. Th... Read More »

Statement of The Hon. Nydia M. Velázquez on Crushed by Confessions of Judgment: The Small Business Story

| Posted in Statements

When I talk to small business owners, one of the first things they mention to me is that access to capital is the lifeblood of their business. Affordable capital fuels new startups and helps existing businesses expand into new markets and grow their customer bases. And we know that when capital is accessible and on fair terms, small businesses can do what they do best---strengthen our communities ... Read More »

Velázquez Convenes Panel to Examine the Devastating Impact of Confessions of Judgement

| Posted in Press Releases

Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, convened a panel of business owners and experts to examine “confessions of judgment” and how they are being used to victimize small firms. A “confession of judgment” is an arcane legal device, whereby a borrower accepts an eventual judgment of liability against them. By signing a confession o... Read More »

Statement of The Hon. Jared Golden on Broadband Mapping: Small Carrier Perspectives on a Path Forward

| Posted in Statements

Reliable and affordable high-speed broadband connections are a vital aspect of doing business in our day and age. Sadly, at least 25 million Americans still lack access to high-speed Internet—many of which live in remote parts of our country. We all realize it is more difficult and expensive to build out broadband networks in these areas but that’s no excuse to leave them behind. To do so results ... Read More »

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