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Investigations, Oversight and Regulations

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

| Posted in Press Releases

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 »

Statement of the Hon. Judy Chu on Native 8(a) Contracting: Emerging Issues

| Posted in Statements

In the 116th Congress, this Committee has been committed to taking a closer look at the various SBA contracting programs. Earlier this year, we held an oversight hearing on the Women-Owned Small Business Program, followed by a hearing where we discussed the contracting programs that help veterans bridge the gap between military service and entrepreneurship. Most recently, we examined the 8(a) Busi... Read more »

Chu Looks to Improve Management of SBA’s Native 8(a) Contracting Program

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Subcommittee on Investigations, Oversight, and Regulation under Chairwoman Judy Chu (D-CA) gathered government officials and representatives from Native contracting groups to examine the SBA’s Native 8(a) program. The hearing comes in the aftermath of government reports and media coverage that brought issues with the program to light. “We owe all b... Read more »

Statement of the Hon. Judy Chu on SBA Management and Oversight of the SCORE Program

| Posted in Statements

SCORE was first established in 1964 as a national, volunteer nonprofit organization, whose mission is to foster vibrant small business communities through mentoring and education. Over the years, it has grown to one of the largest networks of volunteers, with more than 11,000 expert business advisors at 350 chapters nationwide. SCORE provides free or low-cost mentoring and training to small busine... Read more »

Chu Calls for Reforms and Accountability in SBA’s SCORE Program

| Posted in Press Releases

Washington, D.C.—Today, Rep. Judy Chu (D-CA) Chairwoman of the Small Business Subcommittee on Investigations, Oversight, & Regulations gathered officials from the U.S. Small Business Administration (SBA) to answer questions regarding the agency’s oversight of the SCORE program. Chu called the hearing following an April report from the office of the SBA Inspector General that found systemic issues ... Read more »

Chu Gathers Small Business Borrowers and Lenders to Examine SBA Community Advantage Program

| Posted in Press Releases

Washington, D.C.— Today, Rep. Judy Chu (D-CA) Chairwoman of the Small Business Subcommittee on Investigations, Oversight, & Regulations convened a panel of small business lenders and borrowers to discuss the state of the Small Business Administration’s (SBA) Community Lending Program, including whether to move the program towards permanency. “On this Committee, we are focused on making sure that s... Read more »

Statement of the Hon. Judy Chu on Lost Opportunities? SBA’s Engagement with Historically Black Colleges and Universities

| Posted in Statements

The purpose of today’s hearing is to examine whether HBCUs are receiving adequate support from the Small Business Administration (SBA) to help foster entrepreneurship. Over 150 years ago, the first HBCUs were born out of adversity to ensure African Americans had an opportunity to attend college. Today, there are more than 100 historic institutions across the country, serving nearly 300,000 student... Read more »

Statement of Subcommittee Chairwoman Judy Chu on Shutdown Lessons: SBA Capital Access Programs

| Posted in Statements

We thank everyone for joining us this morning and I want to especially thank the witness for being here today. The recent government shutdown was an acutely painful experience for our nation’s small businesses. It was 35 days of missed paychecks, delayed loans, and strained budgets for too many of our federal employees, contractors, and small business owners. Perhaps most concerning to small firms... Read more »

Chu Holds Oversight Hearing into Shutdown’s Impact on Small Business Loans

| Posted in Press Releases

Washington, D.C.—Today, Rep. Judy Chu (D-CA), Chairwoman of the House Small Business Subcommittee on Investigations, Oversight, and Regulations, held a hearing into the impact of the recent government shutdown on the Small Business Administration’s (SBA) flagship lending programs. Concerned that the shutdown shuttered the agency’s ability to make loans to creditworthy small businesses, the Subcomm... Read more »

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