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Statement of the Hon. Nydia M. Velazquez on SBA Management Review: Office of Capital Access

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Our nation’s 30 million small businesses come in all shapes and sizes across various industries. But regardless of the product they sell or the number of employees on their payroll, the ability to access capital is crucial to their success. Unfortunately, our committee frequently hears from entrepreneurs about their struggle to obtain an affordable loan on reasonable, non-predatory terms. The data...

Velázquez Conducts Oversight of SBA Office in Charge of Loan Programs

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Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held a hearing reviewing the challenges facing the Small Business Administration’s (SBA) Office of Capital Access (OCA). OCA is responsible for managing the SBA’s loan programs, which provide guarantees for short- and long-term loans on reasonable terms for small businesses that cannot access ...

Crow Looks to Ease Workforce Issues in the Aviation and Aerospace Industry

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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 the labor issues facing small businesses in the aviation and aerospace industry. “If the aerospace industry can’t find an adequate number of trained workers, our economy and national security will suffer. T...

Committee Advances Seven Bipartisan Small Business Bills

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Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), passed seven bipartisan bills to extend the statute of limitations on small business pandemic fraud cases, enhance workforce development offerings, and improve the procurement process for small businesses. “Small businesses are leading the way in our recovery, and it is important that our comm...

Chairwoman Velázquez, Ranking Member Luetkemeyer Lead Members in Recognizing National Small Business Week

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Washington, D.C.— Yesterday, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) led 44 members of Congress in introducing H. Res. 1076, a resolution recognizing May 2nd through 5th as National Small Business Week. Since 1963, the nation has celebrated National Small Business Week annually to recognize the enormous contributions of small...

Administrator Guzman Testifies on SBA’s FY 2023 Budget Request and Pandemic Programs

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing examining the Small Business Administration’s (SBA) budget request for Fiscal Year 2023 (FY 2023). During the hearing, SBA Administrator Isabella Casillas Guzman testified about specific funding requests for FY 2023 and ongoing efforts related to pandemic programs. “As small empl...

House Passes Slate of Small Business Bills

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Washington, D.C.— Today, the House passed five bipartisan committee bills to improve key Small Business Administration (SBA) entrepreneurial development programs, consolidate information for small business owners online, and increase representation for small firms in trade negotiations and other international economic matters. “As small businesses continue to work toward recovery, it’s vital that ...

House Passes Bill to Provide Relief to Restaurants and Other Small Businesses Hit Hard by COVID

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Washington, D.C.— Today, the House passed H.R. 3807, the Relief for Restaurants and Other Hard Hit Small Business Act of 2022. A bipartisan bill to deliver $55 billion in relief to small businesses through the Restaurant Revitalization Fund and to establish a new program for hard-hit industries. “The pandemic inflicted deep wounds on small firms across the country, and many of these businesses are...

Chairwoman Velázquez on March 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 March jobs report: “Today’s jobs report is the latest in a string of strong hiring numbers to start the year as the economy added 431,000 in March. Over the past three months, we’ve created 1.7 million jobs, bringing the total to 7.9 mi...

Chairwoman Velázquez, Ranking Member Luetkemeyer Introduce Bills to Extend Statute of Limitations on COVID Small Business Fraud Cases

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) introduced two pieces of legislation to extend the statute of limitations for certain fraud cases involving the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) program. “Fraudsters that obtained PPP and EIDL loans abused taxpa...

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