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Press Releases

Chairwoman Velázquez on House Passage of Omnibus and Emergency Small Business Relief Package

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the House voted to pass H.R. 133, a bill consisting of omnibus spending, coronavirus relief, and authorizations: “Small businesses have voiced the need for additional stimulus for months. Republicans have finally dropped their obstruction strategy and come to the table ... Read more »

Chairwoman Velázquez on November 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 November jobs report: “Today’s big miss on employment numbers is a flashing warning sign about the state of our economy. Job growth has slowed sharply, and permanent job loss continues to rise. We’ve still yet to regain 9.8 million jobs... Read more »

House Passes Legislation to Make Small Businesses in Cannabis Industry Eligible for SBA Lending Programs

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Washington, D.C.— Today, the House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2020. The bipartisan bill decriminalizes marijuana at the federal level while enabling states to set their regulatory policies without the threat of federal intervention. The bill also includes provisions, championed by Chairwoman Nydia M. Velázquez (D-NY), that would a... Read more »

House Passes Four Committee Bills to Enhance SBA Lending and Federal Contracting Programs

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Washington, D.C.— Today, the House passed four bipartisan bills to make key changes to the Small Business Administration’s (SBA) 504 and 7(a) lending programs and to improve the appeals process in the HUBZone federal contracting program. "Today, my colleagues from both sides of the aisle joined together to support small businesses by passing these bills to enhance access to capital and expand oppo... Read more »

Velázquez Appointed Chair of Small Business Committee for 117th Congress

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Washington, D.C.— Today, the House Democratic Caucus voted to approve Rep. Nydia M. Velázquez (D-NY) as the Chairwoman of the House Committee on Small Business for the 117th Congress. The appointment marks Chairwoman Velázquez’s fourth term as leader of the Committee. Velázquez has served on the Committee since 1993 and previously made history as the first Hispanic woman to serve as Ranking Member... Read more »

Velázquez Calls on Trump Administration to Reverse Stance on Deductibility for PPP Borrowers

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Washington, D.C.— On Friday, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, wrote to the Small Business Administration (SBA), Treasury Department, and the Internal Revenue Service (IRS) asking the agencies to reverse their stance on the deductibility of expenses payed for with funds obtained via Paycheck Protection Program (PPP) loans. Despite clear congressional... Read more »

Velázquez, Chabot Introduce Resolution to Honor Entrepreneurs and Encourage Americans to Support Small Business

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Washington, D.C.— On Friday, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee and Ranking Member Steve Chabot (R-OH) introduced a resolution celebrating the vital role that small businesses play in our country and encouraging citizens to patronize local businesses on November 28th. “Right now, it is more important than ever that we support the over 30 million small ... Read more »

Velázquez and Chu Call for Greater Transparency from SBA to Prevent Fraud and Abuse in EIDL Program

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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, and Rep. Judy Chu (D-CA), Chairwoman of the Subcommittee on Investigations, Oversight, and Regulations penned a letter to Small Business Administration (SBA) Administrator Jovita Carranza, seeking more information on the status of the SBA’s Economic Injury Disaster Loan (EIDL) program. EIDL h... Read more »

Chairwoman Velázquez on Trump Administration's COVID-19 Relief Proposal

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement on the Trump Administration's latest COVID-19 relief proposal: "Just this week, we have learned the economy has lost a record 22.1 million jobs since the beginning of the pandemic with many of those losses occurring at small businesses. "Unfortunately, the Trump Administratio... Read more »

Velázquez Calls on SBA to Provide COVID-19 Relief Program Data to Government Watchdog

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) requested that the Small Business Administration (SBA) release data related to COVID-19 relief programs. In her letter, Chairwoman Velázquez asks that the SBA comply with data requests from the Government Accountability Office (GAO) related to SBA’s coronavirus response programs, specifically the Economic ... Read more »

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