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Committee Democrats Statement on SBA Exhausting Funding for New Disaster Loans

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WASHINGTON – Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY), Rep. Judy Chu (D-CA), Rep. Morgan McGarvey (D-KY), Rep. Hillary Scholten (D-MI), Rep. Chris Pappas (D-NH), and Rep. Shri Thanedar (D-MI) issued the following statement after the Small Business Administration (SBA) announced it had exhausted funding for new disaster loans: “This is a…

Ranking Member Velázquez on September Jobs Report

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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 September jobs report showing that nonfarm payroll employment increased by 254,000:   “The September jobs report showcases the continuing strength of the Biden-Harris economy, as we added over 250,000…

Ranking Member Velázquez Delivers Opening Statement During Committee Markup of Republican Bills to Undermine Regulatory Process

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WASHINGTON, DC —Today, Rep. Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, delivered opening remarks at a full Committee markup.   Ranking Member Velázquez’s remarks as prepared for delivery:   Thank you, Mr. Williams.    Part of our role as members of the Small Business Committee is to recognize the impact regulations have on…

Ranking Member Velázquez on August Jobs Report

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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 August jobs report showing that nonfarm payroll employment increased by 142,000:          “The August jobs report shows that the US economy continues to add new jobs at a steady…

Thanedar Pushes Back Against Republican Attacks on SBA Efforts to Promote Voting Access

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations held a hearing examining the Memorandum of Understanding (MOU) between the Small Business Administration (SBA) and the Michigan Department of State (MDOS) to promote voter registration in Michigan. During the hearing, Rep. Shri Thanedar (D-MI) emphasized the advantages of…

Scholten Works to Support Veteran Entrepreneurs During Joint Hearing with Veterans Affairs Committee

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Contracting and Infrastructure held a joint hearing with the House Veterans Affairs Subcommittee on Economic Opportunity examining the current state of veteran entrepreneurship in the United States. During the hearing, Ranking Member Hillary Scholten (D-MI) highlighted the importance of veteran entrepreneurs to…

Velázquez Pushes Back Against Conspiratorial Accusations of Government Censorship of Small Businesses

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Washington, D.C.— Today, the House Small Business Committee held a hearing reviewing the federal government’s efforts to combat mis- and disinformation from foreign actors. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) dispelled unfounded claims of government censorship of small businesses and discussed the need for the committee to focus on issues that small businesses…

Velázquez Introduces Bill to Provide Pathway to Entrepreneurship for the Currently and Formerly Incarcerated

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Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) introduced the Prison to Proprietorship Act, a bill to increase access to entrepreneurial training for the currently and formerly incarcerated.   “Research has shown that the strongest predictor for recidivism is poverty. The stigma of incarceration often deprives returning citizens the…

Velázquez Conducts Oversight of SBA Office in Charge of Loan Programs

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Washington, D.C.— Today, the House Small Business Committee held a hearing reviewing the Small Business Administration’s (SBA) Office of Capital Access (OCA). During the hearing, Ranking Member Nydia M. Velázquez (D-NY) focused on OCA efforts to prevent fraud and abuse, recent changes to the 7(a) program, and how Congress can continue to empower the office to reach more small…

Ranking Member Velázquez’s Statement on GOP Subpoenas to SBA

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Washington, D.C. –Today, Rep. Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, issued the following statement regarding subpoenas issued by committee Republicans to the Small Business Administration (SBA):               “Today, the House Small Business Committee issued a subpoena for the first…

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