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Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA IG and the GAO

October 1, 2020

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 control...

  • How COVID-19 is Impacting Small Businesses Across the Food System September 30, 2020

    TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz This hearing will give members a chance to hear about the role of small businesses within our food production, distribution, and retail systems, the challenges they are facing, and how federal programs are addressing these challenges.

  • A Review of PPP Forgiveness September 25, 2020

    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.

  • PPP: An Examination of Loan Forgiveness, SBA Legacy Systems, and Inaccurate Data September 24, 2020

    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 ...

  • 09/16/20 Markup September 16, 2020

    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.

  • SBA Management Review: Office of Government Contracting and Business Development September 15, 2020

    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.

  • Rep. Velázquez on H.R. 6078 September 14, 2020

  • Kick Starting Entrepreneurship and Main Street Economic Recovery September 10, 2020

    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.

  • Transparency in Small Business Lending September 9, 2020

    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 Need A Strong Postal Service August 19, 2020

    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.

  • 21st Century SBA: An Analysis of SBA’s Technology Systems July 22, 2020

    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...

  • Oversight of the Small Business Administration and Department of Treasury Pandemic Programs July 17, 2020

    TW: @HouseSmallBiz | FB: HouseSmallBiz | IG: House_Smallbiz In light of the pandemic, Congress acted swiftly to make certain small employers could use the existing SBA Economic Injury Disaster Loan (EIDL) program to access much needed financial assistance and created the Paycheck Protection Program (PPP) at SBA, which has been implemented with the assistance of the Department of Treasury. The hearing gives Members the ability to hear from administration officials about the interpretation, implem...

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