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Velázquez Announces Democratic Committee Members for 117th Congress

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) announced the Committee’s Democratic roster for the 117th Congress. The Democratic Steering and Policy Committee selected the Members and the Democratic Caucus voted for their approval. “I am pleased to welcome this talented group of lawmakers to the Committee for the 117th Congress,” said Chairwoman ... Read More »

Chairwoman Velázquez Statement on December Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its December jobs report: “The December jobs report marks yet another big miss on employment numbers and shows that our recovery is not on an acceptable path. This report serves as another stark warning sign about the state of the American ... Read More »

Velázquez Welcomes New Members to Small Business Committee

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) welcomed three new members to the Committee following their nomination by the House Democratic Steering Committee. Rep. Dean Phillips (D-MN), Rep. Carolyn Bourdeaux (D-GA), and Rep. Marie Newman (D-IL) will serve on the Committee during the 117th Congress. “As we enter the 117th Congress, small businesses ... Read More »

Chairwoman Velázquez on House Passage of Omnibus and Emergency Small Business Relief Package

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the House voted to pass H.R. 133, a bill consisting of omnibus spending, coronavirus relief, and authorizations: “Small businesses have voiced the need for additional stimulus for months. Republicans have finally dropped their obstruction strategy and come to the table ... Read More »

Chairwoman Velázquez on November Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its November jobs report: “Today’s big miss on employment numbers is a flashing warning sign about the state of our economy. Job growth has slowed sharply, and permanent job loss continues to rise. We’ve still yet to regain 9.8 million jobs... Read More »

House Passes Legislation to Make Small Businesses in Cannabis Industry Eligible for SBA Lending Programs

| Posted in Press Releases

Washington, D.C.— Today, the House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2020. The bipartisan bill decriminalizes marijuana at the federal level while enabling states to set their regulatory policies without the threat of federal intervention. The bill also includes provisions, championed by Chairwoman Nydia M. Velázquez (D-NY), that would a... Read More »

House Passes Four Committee Bills to Enhance SBA Lending and Federal Contracting Programs

| Posted in Press Releases

Washington, D.C.— Today, the House passed four bipartisan bills to make key changes to the Small Business Administration’s (SBA) 504 and 7(a) lending programs and to improve the appeals process in the HUBZone federal contracting program. "Today, my colleagues from both sides of the aisle joined together to support small businesses by passing these bills to enhance access to capital and expand oppo... Read More »

Velázquez Appointed Chair of Small Business Committee for 117th Congress

| Posted in Press Releases

Washington, D.C.— Today, the House Democratic Caucus voted to approve Rep. Nydia M. Velázquez (D-NY) as the Chairwoman of the House Committee on Small Business for the 117th Congress. The appointment marks Chairwoman Velázquez’s fourth term as leader of the Committee. Velázquez has served on the Committee since 1993 and previously made history as the first Hispanic woman to serve as Ranking Member... Read More »

Velázquez Calls on Trump Administration to Reverse Stance on Deductibility for PPP Borrowers

| Posted in Press Releases

Washington, D.C.— On Friday, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, wrote to the Small Business Administration (SBA), Treasury Department, and the Internal Revenue Service (IRS) asking the agencies to reverse their stance on the deductibility of expenses payed for with funds obtained via Paycheck Protection Program (PPP) loans. Despite clear congressional... Read More »

Velázquez, Chabot Introduce Resolution to Honor Entrepreneurs and Encourage Americans to Support Small Business

| Posted in Press Releases

Washington, D.C.— On Friday, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee and Ranking Member Steve Chabot (R-OH) introduced a resolution celebrating the vital role that small businesses play in our country and encouraging citizens to patronize local businesses on November 28th. “Right now, it is more important than ever that we support the over 30 million small ... Read More »

Velázquez and Chu Call for Greater Transparency from SBA to Prevent Fraud and Abuse in EIDL Program

| Posted in Press Releases

Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, and Rep. Judy Chu (D-CA), Chairwoman of the Subcommittee on Investigations, Oversight, and Regulations penned a letter to Small Business Administration (SBA) Administrator Jovita Carranza, seeking more information on the status of the SBA’s Economic Injury Disaster Loan (EIDL) program. EIDL h... Read More »

Chairwoman Velázquez on Trump Administration's COVID-19 Relief Proposal

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement on the Trump Administration's latest COVID-19 relief proposal: "Just this week, we have learned the economy has lost a record 22.1 million jobs since the beginning of the pandemic with many of those losses occurring at small businesses. "Unfortunately, the Trump Administratio... Read More »

Velázquez Calls on SBA to Provide COVID-19 Relief Program Data to Government Watchdog

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) requested that the Small Business Administration (SBA) release data related to COVID-19 relief programs. In her letter, Chairwoman Velázquez asks that the SBA comply with data requests from the Government Accountability Office (GAO) related to SBA’s coronavirus response programs, specifically the Economic ... Read More »

Chu Investigates Fraud and Abuse in COVID Relief Programs

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Subcommittee on Investigations, Oversight, and Regulations Chairwoman Judy Chu (D-CA) led a hearing probing internal controls against fraud and abuse in key loan programs at the Small Business Administration (SBA). During the hearing, government watchdog agencies testified on their efforts to prevent fraud and waste in the Paycheck Protection Program (... Read More »

Statement of the Hon. Judy Chu on Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office

| Posted in Statements

The COVID-19 pandemic has fundamentally altered the way America’s small businesses operate. Mandatory closures to protect public health have significantly impacted their bottom line and viability. To help small businesses weather the pandemic, Congress has passed a series of legislative packages. On March 6th, The Coronavirus Preparedness and Response Supplemental Appropriations Act became law and... Read More »

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