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Committee Passes Bipartisan Bill to Reauthorize and Strengthen Small Business Exporting Program

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), passed a bipartisan bill to reauthorize the Small Business Administration’s (SBA) State Trade Expansion Program (STEP) for four fiscal years and make numerous improvements to the program.   “Since its inception, STEP has helped thousands of small businesses break into the…

Velázquez Looks to Strengthen SBA Office Responsible for Boosting Small Business Exports

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing reviewing the operations of the Small Business Administration’s (SBA) Office of International Trade (OIT), which is responsible for supporting small business international trade development and encouraging small business exports. OIT’s primary responsibility is…

Chairwoman Velázquez on August Jobs Report

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its August jobs report showing that non-farm payroll employment increased by 315,000:           “Today’s jobs report showcases the strength of our economic recovery under the Biden administration.…

Chairwoman Velázquez’s Statement on House Passage of Inflation Reduction Act

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the House passed the Inflation Reduction Act:          “Under the Biden Administration, American small firms have enjoyed record years in terms of job creation and new business startups. Overall, our economy has added nearly 10…

Chairwoman Velázquez on July Jobs Report

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its July jobs report showing that non-farm payroll employment increased by 528,000:            “Today’s jobs report crushed expectations, adding a robust 528,000 jobs and showcasing the…

SIGNED INTO LAW: Velázquez and Luetkemeyer Bills to Extend Statute of Limitations on COVID Small Business Fraud Cases

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Washington, D.C.— Today, President Joe Biden signed into law the PPP and Bank Fraud Enforcement Harmonization Act and the COVID-19 EIDL Fraud Statute of Limitations Act of 2022. These two bills, introduced by Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Blaine Luetkemeyer would extend the statute of limitations for certain fraud cases involving the Paycheck Protection Program…

House Passes Velázquez Amendment to Reduce Collateral Burden for Small Businesses Hurt by Natural Disasters

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Washington, D.C.— Today, the House passed H.R. 5118, the Wildfire Response and Drought Resiliency Act, a package of 49 bills that will help protect communities against catastrophic wildfires, enhance drought resiliency, and ensure a whole-of-government approach to wildfire and drought issues. The bill included a bipartisan amendment offered by Chairwoman Nydia M. Velazquez (D-NY) and Rep.…

Velázquez Works to Maximize Small Business Participation in Infrastructure Revitalization

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing focused on increasing small business participation in infrastructure projects by strengthening the Small Business Administration’s (SBA) Surety Bond Guarantee Program (SBG). Every year, SBG helps thousands of small firms access government contracts by guaranteeing surety…

Davids Works to Boost Small Business Exporting

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Washington, D.C.— Today, Rep. Sharice Davids (D-KS), Chairwoman of the Subcommittee on Economic Growth, Tax, and Capital Access, convened a panel of trade experts and small business exporters to discuss how international trade can fuel small business recovery and growth. The hearing focused on the current state of the Small Business Administration’s (SBA) State Trade Enhancement Program…

Statement of the Hon. Sharice Davids on The SBA Office of International Trade and the STEP Program as Key Tools for Recovery and Expansion

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American entrepreneurs are nearly always looking to expand their businesses. Whether it’s hiring new workers, offering new products, or opening new locations, small business owners always have an eye on growth. In recent years, increased globalization and digital adoption have led many small businesses to expand their offerings into international markets. Approximately 166,384 small…

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