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Press Releases

Chairwoman Velázquez on SBA OIG’s Management Alert on Fraud Potential in EIDL Program

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to a new Small Business Administration (SBA) Office of the Inspector General (OIG) Management Alert raising concerns regarding the potential for fraud and abuse in the COVID-19 Economic Injury Disaster Loan (EIDL) program: “I am troubled by yesterday’s SBA OIG r... Read more »

Chu Conducts Review of SBA Technology Systems and Modernization Efforts

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Washington, D.C.— Today, the House Small Business Subcommittee on Investigations, Oversight, and Regulations, under Chairwoman Judy Chu (D-CA), held a hybrid hearing focused on long-standing technological issues at the Small Business Administration (SBA). Though the SBA has made strides in improving their IT over the past decade, the influx of activity from small business owners attempting to acce... Read more »

House-Passed NDAA Legislation Showcases Bipartisan Small Business Reforms

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Washington, D.C.— Under the FY 2021 National Defense Authorization Act (NDAA) passed by the House this evening, small businesses will be granted greater opportunities to participate in the federal procurement marketplace. Several bipartisan measures authored by Committee members were included in the final bill. Preserving Small Business Contracting Opportunities (Led by Rep. Chrissy Houlahan (D-PA... Read more »

Velázquez Looks for Lasting Solutions for Small Business Recovery

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) examined additional bold legislative solutions to help small businesses recover in the wake of the COVID-19 crisis. The virtual hearing covered relief efforts put in place during the Great Recession to aid small businesses, current programs implemented since the start of the crisis, and ideas for... Read more »

Chairwoman Velázquez Announces Additional July Hearings

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced several Committee hearings throughout July: Wednesday, July 15 – 1 P.M.: Remote Hearing: Long-Lasting Solutions for a Small Business Recovery Thursday, July 16 – 1 P.M.: Remote Hearing: Putting America Back to Work: The Role of Workforce Development and Small Business Rehiring (Subcommittee on In... Read more »

Subcommittee Looks to Strengthen Small Business Supply Chains

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access heard testimony from small business owners and experts about the impact of the COVID-19 crisis on small business supply chains. Since the onset of the pandemic, many small business supply chains have been disrupted, exposing long-standing vulnerabilities in the way that firms acquir... Read more »

Velázquez Conducts Oversight of SBA Office Overseeing COVID-19 Relief EIDL Program

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) heard testimony from the head of the Small Business Administration’s (SBA) Office of Disaster Assistance (ODA). ODA has been responsible for the administration of COVID-19 relief loans through the Economic Injury Disaster Loan (EIDL) program. “Throughout the process, SBA showed a lack of understa... Read more »

House Passes Senate-Approved PPP Loan Application Extension

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Washington, D.C.— Today, the U.S. House of Representatives passed legislation approved already in the Senate to extend the Small Business Administration’s (SBA) authority to approve Paycheck Protection Program (PPP) loans through August 8, 2020. “As the Trump Administration’s piecemeal response to the COVID-19 pandemic continues to jeopardize public health and economic recovery, small businesses w... Read more »

Chairwoman Velázquez on GAO Report Detailing Risks of Fraud, Lack of Oversight, and Obstruction in Trump Administration’s Handling of PPP Loans

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Washington, D.C.—House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to a new Government Accountability Office (GAO) report, which found that the Trump Administration’s mishandling of small business relief aid puts taxpayer funding in jeopardy. “As our nation continues to reel from the suffering and economic damage inflicted by this Admi... Read more »

Velázquez Calls on FTC to Investigate Actions of Payment Processor First Data in Puerto Rico

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) penned a letter to FTC Commissioner Rohit Chopra calling on the agency to launch an investigation into withholdings taken by payment processor First Data from the company’s Puerto Rican clients. Puerto Rican businesses using First Data have reported that the companies’ merchant services processing system c... Read more »

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