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

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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 »

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

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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 »

Golden Holds Hearing on Improving Broadband Mapping to Tackle Digital Divide

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Washington, D.C.— Today, Rep. Jared Golden (D-ME), Chairman of the House Small Business Subcommittee on Contracting and Infrastructure held a hearing focused on improving broadband mapping in rural areas across the country. The hearing featured testimony from rural broadband carriers on the challenges that they face, and ways broadband mapping can be improved going forward. “Accurate broadband cov... Read more »

Committee Holds Hearing on Role of Small Businesses in Cannabis Sector

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Washington, D.C.— Today, the House Committee on Small Business under Chairwoman Nydia M. Velázquez (D-NY) held its first ever hearing into the role of small businesses in the legal cannabis sector. Despite being federally prohibited, medical cannabis use is legal in a majority of states, while nearly a dozen states have legalized recreational use for adults. “As more and more states take steps to ... Read more »

Velázquez Brings Medical Students, Doctors to Testify on Crippling Consequences of Student Debt to Entrepreneurship

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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee convened a panel of medical doctors, professionals, and students who shared their stories on how skyrocketing student debt has hurt their ability to start or work at a small medical practice. “The level of student debt saddling our young people is nothing short of a national crisis and it’s hu... Read more »

Golden, Velázquez Press SBA to Revise Financial Assistance Policy for Marijuana-Related Businesses

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Washington, D.C.— Today, Rep. Jared Golden (D-ME), Chairman of the Small Business Subcommittee on Contracting and Infrastructure, joined full Committee Chairwoman Nydia M. Velázquez (D-NY), and five additional members of the Committee in writing to the Acting Administrator and General Counsel of the Small Business Administration (SBA), seeking clarity surrounding an SBA policy that makes direct an... Read more »

Finkenauer Convenes Small Business Owners, Experts to Talk Improving Trade Program

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Washington, D.C.— Today, the House Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship under Chairwoman Abby Finkenauer (D-IA) held a hearing focused on the current state of the Small Business Administration’s (SBA) State Trade Expansion Program (STEP). Members had the opportunity to hear from small business owners and economic development professionals regar... Read more »

Chairwoman Velázquez Warns Amazon Not to Purge Small Suppliers

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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee sent a letter to Amazon CEO Jeff Bezos in response to concerning reports that Amazon plans to purge wholesale orders from small businesses selling under $10 million in products. “While I commend the effort taken by Amazon over the course of nearly two decades to incorporate small businesses in... Read more »

Crow Holds Hearing to Examine Skills Gap Facing Small Businesses

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Washington, D.C.— Yesterday, Rep. Jason Crow (D-CO) Chairman of the Small Business Subcommittee on Innovation and Workforce Development gathered business owners, labor experts, and industry representatives to discuss ways private industry and the government can collaborate to ensure that the labor force has the training necessary to meet the skill demands of the economy now and in the future. “Thi... Read more »

Committee Gathers Business Owners and Experts to Examine Immigration and the Small Business Workforce

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Washington, D.C.— Yesterday, the House Small Business Committee heard from small business owners and immigration policy experts on the challenges that small firms face meeting their labor needs and the potential solutions offered by immigrant labor. The hearing allowed Committee members to examine the current immigration system and look for ways that immigration reform could work to the benefit of... Read more »

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