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... Read more »
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... Read more »
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 ... Read more »
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... Read more »
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... Read more »
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... Read more »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Innovation, Entrepreneurship, and Workforce Development under Chairman Jason Crow (D-CO) held a hearing exploring how Congress can utilize workforce development initiatives to combat labor shortages that impact small businesses. “The labor shortage impacts all businesses, but it particularly concerns our nation’s entrepren... Read more »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access under Chairwoman Sharice Davids (D-KS) held a hearing examining the role of community lenders in Small Business Administration (SBA) programs and steps Congress can take to increase capital access in underserved markets. “The ability of community lenders to reach underserved busines... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY), Democratic Caucus Chairman Rep. Hakeem Jeffries (D-NY), Rep. Steve Chabot (R-OH), and Rep. Tim Burchett (R-TN) introduced a set of bills to increase access to entrepreneurial training for the currently and formerly incarcerated. In 2020, more than 41,000 incarcerated individuals were released from federal... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez released the following statement after the House passed the FAIR Act of 2022, a bill to prohibit the enforcement of forced arbitration clauses in consumer, labor, antitrust, and civil rights disputes: “Today, the House took an important step to protect small businesses by passing the FAIR Act, a bill I was proud ... Read more »
