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Ranking Member Velázquez on January Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, issued the following statement after the Labor Department released its January jobs report showing that non-farm payroll employment increased by 517,000, the unemployment rate fell to 3.4%, and the prime-age employment rate rose to 80.2%: “Today’s jobs report smashed expectations, showing...

Ranking Member Velázquez Announces Democratic Roster for 118th Congress

| Posted in Press Releases

Ranking Member Velázquez Announces Democratic Roster for 118th Congress Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) announced the Committee’s Democratic roster for the 118th Congress. The Democratic Steering and Policy Committee selected the Members and the Democratic Caucus voted for their approval. “I am pleased to welcome this talented group ...

House Passes Three Bipartisan Small Business Bills

| Posted in Press Releases

Washington, D.C.— Today, the House passed a set of three bipartisan bills focused on improving Small Business Administration (SBA) lending programs and increasing representation for small firms in trade negotiations and other international economic matters. “Small businesses are the backbone of our economy and have led the way in our economic recovery from the pandemic,” said Ranking Member Nydia ...

Ranking Member Velázquez Leads SBA Administrator Guzman on Small Business Tour of Queens

| Posted in Press Releases

Washington, D.C.— Yesterday, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY), welcomed Small Business Administration (SBA) Administrator Isabella Casillas Guzman to Sunnyside Queens as the two visited local Latino-owned businesses. During the tour, Velázquez and Guzman discussed the challenges facing underserved entrepreneurs and federal efforts to better support small firm...

Ranking Member Velázquez on Record Breaking Small Business Applications

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) released the following statement after the U.S. Census Bureau announced that Americans applied to start over 10 million small businesses during the first two years of the Biden Administration: “Since the Biden administration began, President Biden and Democrats in Congress have made small business reco...

Congresswoman Velázquez on December Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, Congresswoman Nydia M. Velázquez (D-NY), incoming Ranking Member of the House Small Business Committee, issued the following statement after the Labor Department released its December jobs report showing that non-farm payroll employment increased by 223,000, the unemployment rate fell to 3.5%, and Black and Hispanic unemployment fell below pre-pandemic levels: “The Decembe...

House Passes Four Bipartisan Small Business Bills

| Posted in Press Releases

Washington, D.C.— The House has passed a set of four bipartisan bills focused on improving Small Business Administration (SBA) programs that help small business recover from natural disasters, protect against cyber threats, and engage in international trade. “Small businesses are the beating heart of the American economy. Given that fact, it’s vital that Congress support entrepreneurs and work to ...

Chairwoman Velázquez on SBA Actions in Response to House Report on Fraud in the Paycheck Protection Program

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the Small Business Administration (SBA) announced its suspension of certain non-lenders from agency programs and investigation of banks involved in alleged fraud outlined in a recent report issued by the House Select Subcommittee on the Coronavirus Crisis: “The House ...

Phillips Works to Increase Access to SBA Programs for Employee-Owned Businesses

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations, chaired by Rep. Dean Phillips (D-MN), held a hearing examining the challenges employee-owned businesses face accessing Small Business Administration (SBA) lending programs. The hearing gathered lenders and employee ownership experts to testify on employee-owned businesses’ obstac...

Chairwoman Velázquez on November Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its November jobs report showing that non-farm payroll employment increased by 263,000 and annual wages grew by 5.1%: “The November jobs report marks the twenty-second straight month of strong jobs gains under the Biden Administration. Sinc...

Velázquez and Phillips Introduce Bills to Expand Access to SBA Programs for Employee-Owned Small Businesses

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Subcommittee on Oversight, Investigations, and Regulations Chairman Dean Phillips (D-MN) introduced bills to help ensure equitable access to Small Business Administration (SBA) lending programs for employee-owned small businesses. “Employee-owned businesses have a proven track record of aligning the in...

Chairwoman Velázquez on October Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its October jobs report showing that non-farm payroll employment increased by 261,000: “The October jobs report showcases the strength and resiliency of the American labor market. Our economy added 261,000 jobs last month, beating economist...

Chairwoman Velázquez on September Jobs Report

| Posted in Press Releases

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its September jobs report showing that non-farm payroll employment increased by 263,000: “The September jobs report is more proof that the Biden Administration’s economic agenda has our economy on the right track. Last month, our economy su...

Velázquez Applauds House Passage of SBIR & STTR Extension Act

| Posted in Committee News

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the House passed the SBIR & STTR Extension Act of 2022, which would extend the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for three fiscal years: “Since their founding 40 years ago, SBIR and STTR have helped launch...

Committee Passes Bipartisan Bill to Reauthorize and Strengthen Small Business Exporting Program

| Posted in Press Releases

Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), passed a bipartisan bill to reauthorize the Small Business Administration’s (SBA) State Trade Expansion Program (STEP) for four fiscal years and make numerous improvements to the program. “Since its inception, STEP has helped thousands of small businesses break into the international marketplac...

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