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Statements

Statement of the Hon. Nydia M. Velazquez on Tax Day: Exploring the Adverse Effects of High Taxes and a Complex Tax Code

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Main Street businesses are the lifeblood of our nation’s economy, driving innovation and job creation, and helping millions of Americans achieve the American dream. As such, they are key to our federal tax strategy. When our tax system works for them, it brings the most value. However, despite their fundamental importance, small firms are often used as bargaining chips in the…

Statement of the Hon. Nydia M. Velazquez on Under the Microscope: Reviewing the SBA’s Small Business Size Standards

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Thank you, Mr. Chairman. And thank you to our witnesses for traveling here today. The demands on a small business owner’s time are already immense. I appreciate that you are using some of your valuable time to help this committee address these important issues. How the Small Business Administration defines “small” can have an enormous impact on the success of an individual small…

Statement of the Hon. Morgan McGarvey on Pathways to Success: Supporting Entrepreneurs and Employees with Disabilities

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Thank you, Mr. Chairman, for holding this important hearing. Every American deserves the opportunity to take a chance on themselves and contribute to society as productive entrepreneurs. This is the fundamental promise of the American Dream: that any person in this country can work hard, take risks, and be hopefully find success. Yet, Americans with disabilities, like other…

Statement of the Hon. Nydia Velazquez on Unleashing Main Street's Potential: Examining Avenues to Capital Access

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Thank you, Mr. Chairman. As both Chair and Ranking Member of this committee, ensuring small businesses have access to credit and investment opportunities has always been one of my top priorities. Under the leadership of President Biden, small business growth has proved resilient. Since he took office, 16 million Americans have filed to start new businesses, the strongest stretch on…

Statement of the Hon. Nydia Velazquez on Crime on the Rise: How Lawlessness is Impacting Main Street America

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Thank you, Mr. Chairman. There is no doubt that small businesses are often the victims of crime all across the country. Whether it is small retailers being victims of shoplifting, the local restaurant traumatized by hate crimes, or the countless businesses on the frontlines of our nation’s devastating gun violence epidemic, the impact of crime on small firms can take many forms. These…

Statement of the Hon. Nydia Velazquez on A Year in Review: The State of Small Business in America

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Thank you, Mr. Chairman, and thank you to all our witnesses for travelling across the country to be with us today. It is important that on occasion we hold hearings like this to take stock and understand the landscape for small businesses and the impact of our policymaking. Over the last several years, small businesses have faced a series of cascading crises. From the initial…

Statement of the Hon. Nydia Velazquez on Oversight Over the SBA’s Office of Entrepreneurial Development

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Thank you, Mr. Chairman. America’s 33 million small businesses are the foundation of our nation’s economy. They account for two-thirds of new jobs and have powered our post-pandemic recovery. Launching a small business, though, is not for the faint of heart. When it comes to turning a great idea into a thriving business, entrepreneurs can face a number of challenges. To assist…

Statement of the Hon. Nydia Velazquez on Burdensome Regulations: Examining the Effect of DOE Rulemaking on America’s Job Creators

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As Members of the Small Business Committee, we understand that complying with Federal, state, and local regulations can be burdensome for small business owners. And that is why Congress created the Office of Advocacy to ensure that Federal agencies are taking the views of small businesses into consideration throughout the rule-writing process. In our oversight role, we can send…

Statement of the Hon. Nydia M. Velazquez on Burdensome Regulations: Examining the Effects of DOL Rulemaking on America’s Job Creators

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Thank you, Chairman Williams for convening this hearing so we can learn more about the impact the Department of Labor’s regulations are having on small businesses. Let me say at the outset that I understand that complying with Federal, state, and local regulations can be onerous for small business owners. Small businesses don’t always have the resources that larger companies do…

Statement of the Hon. Marie Gluesenkamp Perez Energy Independence: How Burdensome Regulations are Crushing Small Offshore Energy Producers

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The success of our small businesses and the economic security of working families relies on abundant sources of affordable energy. As we all know, the high cost of oil and gas over the past 18 months has caused significant financial distress to many families, particularly those in rural areas like mine, who often must travel significant distances to access simple services. That’s why…

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