videos

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The Subcommittee will meet to discuss the July 28, 2020 Management Report from the SBA Office of Inspector General (OIG) and the COVID-19 reports from the Government Accountability Office (GAO). The reports detail a lack of internal controls and potential for fraud within SBA’s Economic Injury Disaster Loan (EIDL) program and Paycheck Protection Program (PPP). The hearing will give Members the opportunity to discuss OIG and GAO’s findin...

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The hearing will provide an overview of the Paycheck Protection Program (PPP) loan forgiveness process and allow Members an opportunity to hear from lenders, borrowers, and other stakeholders about their experiences with the forgiveness process. The committee will examine loan forgiveness guidance and proposals for simplifying the loan forgiveness process for certain borrowers.

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The SBA launched the Paycheck Protection Program (PPP) to provide an incentive for small businesses to keep their workers on the payroll. However, SBA’s legacy technology systems were not fully equipped to handle the unprecedented level of applicants, resulting in a number of technical issues with the implementation. Members of the Committee will have an opportunity to address these issues and the related concerns about the accuracy of ...

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The Committee on Small Business will hold a hybrid markup of legislation to amend the Small Business Act and the Small Business Investment Act. The markup will be held at 10:30 A.M. (EDT) on Wednesday, September 16, 2020, in Room 2175 of the Rayburn House Office Building and on Cisco WebEx.

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The hearing will allow members to learn more about SBA’s Office of Government Contracting and Business Development (GCBD), which assists small businesses that participate in the federal procurement space by administering SBA’s business development and contracting programs. The purpose of the hearing is to examine GCBD’s operations, as well as administrative challenges and the ongoing efforts to address them.

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The hearing will allow Members to learn more about why the COVID-19 pandemic is a unique challenge for rural economies. Further, it will examine what worked and did not work to encourage rural development and entrepreneurship during and after the Great Recession, and how these lessons can be applied to the current crisis.

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz The hearing will allow Members to explore the challenges and opportunities for small businesses presented by innovations in financial technology (“Fintech”), with a focus on access to capital. Members will hear from lenders, industry advocates, and academics regarding the policy issues Congress and regulators must confront in assuring a fair but efficient small business credit market, specifically with regard to transparency in the Fint...

Small businesses of all shapes and sizes rely on the post office to run their business. Small Businesses have already been devastated by this pandemic, the last thing they need is a postal slowdown. Small businesses NEED a strong postal service.

TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz During the Coronavirus pandemic, the Small Business Administration experienced an unprecedented level of applicants for the Paycheck Protection Program and the Economic Injury Disaster Loan programs. The influx inundated SBA’s systems leading to backend system crashes, portals operating slowly, and a glitch that led to a data breach of applicants’ personal information. The Committee will meet to examine SBA’s response to the technologic...