Committee Activity

The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will hold a hybrid hearing titled: “Catalyzing Economic Growth through SBA Community-Based Lending.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, March 29, 2022 in Room 2360 of the Rayburn House Office Building. Participating members can also join remotely via Zoom.

The U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) helped small businesses stay afloat throughout the pandemic. In later phases of the program, Congress made changes to the program to allow community-based lenders, many of whom participated in SBA business loan programs prior to the pandemic, to originate more PPP loans. The research shows the changes improved the program’s reach into underserved markets. While the PPP portal closed on May 31, 2021, to new applications, community-based lenders who helped deliver assistance to underserved markets can continue to play a vital role. This hearing will allow Members to hear from these lenders and learn how SBA business loan programs can better meet the needs of the underserved markets. 
To view a livestream of the hearing, click here. 

Hearing Notice

Hearing Memo

Witnesses

Mr. Manny Flores
President and Chief Executive Officer
SomerCor
Chicago, IL
Testimony 

Mr. Kerry Doi
President and Chief Executive Officer
Pacific Asian Consortium in Employment (PACE)
Los Angeles, CA
Testimony 

Ms. Brooke Mirenda
President and Chief Executive Officer
Sunshine State Economic Development Corporation (SEDCO)
Clearwater, FL
Testimony