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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… Read more »

 Washington, D.C.— Today, the House Small Business Committee held a hearing examining the impact of the Corporate Transparency Act (CTA), legislation to crack down on foreign and domestic criminals who exploit weak federal laws to engage in illegal activity through anonymous shell companies. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) highlighted the relatively… Read more »

Washington, DC - Today, the House passed four bipartisan small business bills, including legislation to better support underserved entrepreneurs and address the challenges facing small government contractors. “As we recognize National Small Business Week, we have much to celebrate as we’ve seen more than 17 million new businesses starts since President Biden took office,” said… Read more »

Washington, DC - Today, the House Small Business Committee passed seven bipartisan small business bills to better support underserved entrepreneurs, increase access to capital, and improve federal procurement rules for small firms.     “These seven bills will make needed improvements to SBA programs and services – from focusing on rural, disaster, and disabled communities… Read more »

Washington, DC – Today, Small Business Administration (SBA) Administrator Isabel Guzman testified before the House Small Business Committee on agency priorities and the agency’s FY 2025 budget justification during a full committee oversight hearing. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) highlighted small businesses' progress under the Biden administration, examined… Read more »

Washington, DC— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) released a report exploring the impact of the increasing popularity of generative artificial intelligence (GenAI) on America’s small content creators. GenAI threatens the livelihoods of small creators, given the technology’s ability to generate content faster and cheaper than creative… Read more »

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 February jobs report showing that nonfarm payroll employment increased by 275,000:          “Last night, President Biden detailed our country’s incredible economic progress under… Read more »

Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) introduced a bill to establish a student loan debt forgiveness and deferment program for entrepreneurs. The Supporting America’s Young Entrepreneurs Act of 2024 seeks to lower one of the most prominent barriers to starting a business, outstanding student loan debt. “Today, debt is weighing… Read more »

Washington, DC - Today, the House passed eight bipartisan small business bills, including legislation to boost contracting opportunities for women-owned small businesses, protect the integrity of the Women-owned Small Business (WOSB) federal contracting program, and codify the Office of Native American Affairs at the Small Business Administration.    H.R. 7105, The WOSB… Read more »

Washington D.C.— Today, the House Small Business Committee held a hearing examining the impact of Environmental Protection Agency (EPA) regulations on American small businesses. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) discussed the ability of EPA rules to both strengthen environmental safeguards and promote economic growth.   “Smart, well-crafted regulations… Read more »