Today, the House Small Business Subcommittee on Innovation and Workforce Development, under Chairman Jason Crow (D-CO), held a virtual forum focused on the issues facing small businesses trying to make business interruption insurance claims related to COVID-19. “At a time when millions of small businesses are struggling to stay afloat, the unemployment rate is at levels not seen since the depressi... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced several Committee virtual events throughout the month of May: Wednesday, May 13 – 1 PM: Bipartisan Virtual Forum: A Conversation with SBA Lenders Friday, May 15 – 10 AM: First Look: SBA Office of Inspector General Preliminary PPP Report Wednesday, May 20 – 1 PM: Bipartisan Virtual Forum: The Effe... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement on the introduction of H.R. 6800, The Heroes Act: “As the impact of coronavirus continues to devastate Main Streets across America, the Heroes Act is the next step towards rebooting our economy and ensuring relief is reaching small businesses. “The Heroes Act would continue t... Read more »
Washington, D.C.— Today, Chairwoman Nydia M. Velázquez (D-NY) announced the addition of Rep. Kweisi Mfume (D-MD) to the Committee’s roster of members. The appointment marks a return to the Committee for Rep. Mfume, who previously sat on the Committee during his prior tenure in Congress and served as the Chair of the then Subcommittee on Minority Enterprise, Finance, and Urban Development. “It is m... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and House Natural Resources Committee Chairman Raúl M. Grijalva (D-AZ) penned a letter to the Department of the Treasury and Small Business Administration (SBA) on disparities that have emerged in the allocation of Paycheck Protection Program (PPP) loans in the U.S. territories. New data shows that aid is ... Read more »
Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement on the status of the Paycheck Protection Program (PPP) implementation as Congress’ second round of funding is disbursed: “As the second round of PPP funding kicks in, I remain deeply concerned that the Trump Administration is continuing to fail to uphold the law and preventing assis... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) spoke on the House floor on the Paycheck Protection Program and Health Care Enhancement Act. Below are her remarks, as prepared for delivery: “I rise in support of America’s 30 million small businesses and their hardworking employees. Three weeks ago, when Congress created the Paycheck Protection Program, ... Read more »
Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement in response to the bipartisan deal struck on the Paycheck Protection Program and Health Care Enhancement Act: “I want to thank House Speaker Nancy Pelosi, Senate Democratic Leader Chuck Schumer, and House Financial Services Committee Chair Maxine Waters for their tireless efforts to... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement on the status of funding for the Paycheck Protection Program: “The intent of the Paycheck Protection Program has always been to help Main Street businesses across America that are facing gut-wrenching decisions over payroll costs, rent bills, and the health and safety of thei... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) led nine Democratic committee members in a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell regarding steps the agencies can take to better assist small businesses, sole-proprietors, and self-employed individuals as they take steps to support the overall economy. “With... Read more »
