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Statements

Statement of Chairwoman Nydia M. Velázquez on Rebuilding America: Small Business Perspective

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Whether it’s the ports we rely upon to transport our goods to the utility systems that power our factories, maintaining America’s infrastructure is fundamental to a robust economy and to the nation’s competitiveness. The topic of infrastructure is vast, encompassing networks of highways, bridges and waterways that span thousands of miles across America. As a nation, we have a proud…

Statement of Chairwoman Nydia M. Velázquez on a Review of of the Small Business Administration’s Entrepreneurial Development Programs

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America’s 30 million small businesses are the cornerstones of our communities. When a Main Street business succeeds, not only do hard-earned dollars get reinvested back into our neighborhoods, we also see robust job creation and innovation.  But we all know that launching a small business is no task for the faint of heart. When it comes to turning a great idea into a thriving…

Statement of Subcommittee Chairwoman Judy Chu on Shutdown Lessons: SBA Capital Access Programs

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We thank everyone for joining us this morning and I want to especially thank the witness for being here today.  The recent government shutdown was an acutely painful experience for our nation’s small businesses. It was 35 days of missed paychecks, delayed loans, and strained budgets for too many of our federal employees, contractors, and small business owners.  Perhaps…

Statement of Chairwoman Nydia M. Velázquez on Small Business Priorities for the 116th Congress

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As I am sure we all agree, small businesses are critical to the economic vitality and strength of our country. From the tech company that started as an idea between two friends to more established Main Street retailers or the local restaurant looking to expand operations – all play an important role in generating employment opportunities for our communities, whether they be in rural or…

Statement of Rep. Andy Kim on Exploring Challenges and Opportunities of Underserved Businesses in the 21st Century

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Small businesses make up over 99 percent of all businesses in the United States and employ almost half of our nation’s workers. In 2018 alone, America’s small employers added 1.9 million net new jobs to the economy. As I’ve seen firsthand in my district in South Jersey, Main Street businesses are the backbone of our communities.  In my home state, small businesses employ nearly 2…

Statement of Chairwoman Nydia M. Velázquez on The Shutdown: Economic Impact to Small Business

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As we are all aware, the recent government shutdown was a particularly painful experience that will leave a lasting impact on our small business economy and our workforce. For many federal workers, contractors, and small business owners, it was 35 days of missed paychecks, delayed loans, and strained budgets. Most unsettling to many of us was the shear uncertainty of just how long this…

Statement of Ranking Member Velzquez on The Tax Law's Impact on Main Street

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A little more than seven months ago, President Trump signed into law a partisan, Republican tax bill.   Unfortunately, it has become increasingly clear that the lion’s share of benefits from this law will flow disproportionately to the largest corporations and the very wealthy.  At the same time, small businesses, who could have benefited from well crafted, targeted…

Statement of Ranking Member Velzquez on How Small Businesses in the Digital Technology Industry Use Intellectual Property

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Digital technology has become a vital part of nearly every industry. Over the past three decades, the tech sector has created 23 percent more new businesses than the private sector, as a whole. Technology innovation bolsters our economy – making IP protections a vital part of the process. Protecting the intellectual property rights for technology innovations can support long-term…

Statement of Ranking Member Velzquez on ZTE: A Threat to Americas Small Businesses

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As we’ve seen time and again – in this Committee and in national headlines –cybersecurity affects every facet of our lives.   To this day, many of us remain deeply troubled about how an adversarial foreign power influenced our nation’s 2016 election results – and whether we will be prepared to prevent similar actions in the future.   …

Statement of Rep. Schneider on Accelerating Agriculture: How Federal Regulations Impact Americas Small Farmers

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Since the founding of this nation, farms and farmers have always played a significant role in the U.S. economy. They provide the country – and the world – with enough food to eat, fuel jobs for workers up and down the supply chain, and keep American agriculture at the forefront of innovation. Many of these farms are small businesses who continue to work hard to support…

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