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House Passes Bipartisan Prison Reform through Entrepreneurship Bills

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Washington, D.C.— Today, the House passed two bipartisan prison reform bills authored by House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and House Democratic Caucus Chairman Hakeem Jeffries (D-NY). The two bills, H.R. 5078, the Prison to Proprietorship Act and H.R. 5065, Prison to Proprietorship for Formerly Incarcerated Act would improve entrepreneurship opportunities for inca... Read more »

House Passes Bipartisan Bills to Address Size Standards, Past Performance Concerns

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Washington, D.C.— Today, the House passed bipartisan reforms to improve opportunities for small businesses to be competitive in the marketplace. H.R. 5130, the Capturing All Small Businesses Act of 2019, was authored by Rep. Marc Veasey (D-TX) and Rep. Kevin Hern (R-OK). H.R. 5146, the Unlocking Opportunities for Small Businesses Act, was authored by Rep. Jim Hagedorn (R-MN) and Vice Chair Dwight ... Read more »

Chairwoman Velázquez on Senate Confirmation of Jovita Carranza to Lead SBA

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Senate voted to confirm Jovita Carranza as Administrator of the Small Business Administration (SBA): “The Small Business Administration is the nation’s only federal agency dedicated solely to helping America’s entrepreneurs launch businesses and grow. In addition to... Read more »

Chairwoman Velázquez on Passage of Appropriations Package Funding SBA Programs

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Washington, D.C.—Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement on the passage of H.R 1158, which contains funding for the Small Business Administration (SBA) for fiscal year 2020 (FY20) “Across the country, the Small Business Administration and its resource partners inject lifeblood into local economies by providing entrepreneurial deve... Read more »

Statement of the Hon. Judy Chu on Review of the SBA’s 504/CDC Loan Program

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On this Committee, we are focused on making sure that small businesses, whether in my district in California – in Ranking Member Spano’s district in Florida – and in every district across America – can access the capital they need to start, grow, and create new jobs. And we know that when capital is affordable and accessible, small businesses can do what they do best: strengthen our communities, c... Read more »

Chu Holds Oversight Hearing on SBA’s 504/CDC Program

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Washington, D.C.— Today, Rep. Judy Chu (D-CA), Chairwoman of the House Small Business Subcommittee on Investigations, Oversight, and Regulations, held a hearing on the current state of the Small Business Administration’s (SBA) 504/Certified Development Company (CDC) lending program. The 504/CDC program facilitates small business growth by helping firms secure affordable capital for investments in ... Read more »

Houlahan Holds Hearing Aimed at Empowering Socially Responsible Small Businesses

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Washington, D.C.— Today, the House Small Business Committee, chaired by Rep. Chrissy Houlahan (D-PA), conducted a hearing focused on how small businesses incorporate social and environmental responsibility into their business model and ways that Congress can support them. The hearing gave members the chance to look at how Corporate Social Responsibility (CSR) can provide a more sustainable economi... Read more »

Velázquez Announces Prison to Proprietorship Legislation to Extend Entrepreneurial Development Training to Federal Prisons & Formerly Incarcerated

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Washington, D.C.— On Monday, at a press event at New York City Hall, House Small Business Committee Chairwoman Nydia Velázquez (D-NY) and House Democratic Caucus Chairman Rep. Hakeem Jeffries (D-NY) announced a set of bills to fight mass incarceration by launching entrepreneurial training initiatives for the incarcerated and formerly incarcerated. Studies show that returning citizens are often me... Read more »

Prison to Proprietorship and Government Contracting Reforms Pass Small Business Committee

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Washington, D.C.— Today, the House Small Business Committee passed four bipartisan reforms to amend the Small Business Act. The measures will launch entrepreneurship training programs for the incarcerated and formerly incarcerated, protect fast-growing small businesses, and lower barriers to entry for small firms in government contracting. “I am proud that both Democrats and Republicans on this co... Read more »

Chairwoman Velázquez on Passage of Rebuilding Small Businesses After Disasters Act

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Washington, D.C.— Today, the House of Representatives passed legislation to improve access to small business disaster assistance. S. 862, the Rebuilding Small Businesses After Disasters Act, extends for three additional years the current $25,000 minimum disaster loan amount for which the SBA may require collateral. Already passed in the Senate, the bill now moves to the President’s desk for his si... Read more »

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