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Velázquez Works to Increase Support for Veteran Entrepreneurs

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) held a hearing highlighting the role of veteran-owned businesses in the American economy and the challenges aspiring veteran entrepreneurs face when transitioning to civilian life.    “As members of this committee know, starting a small business isn’t for the faint of heart.…

Chairwoman Velázquez on May Jobs Report

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its May jobs report showing that non-farm payroll employment increased by 390,000:             “Today’s jobs data shows that the American economy continues to beat expectations and build…

Chairwoman Velázquez Announces June Hearings

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced several committee hearings throughout June:   Wednesday, June 8, 2022- 10 A.M.- Hybrid Hearing: Military to Main Street: Serving Veteran Entrepreneurship   Tuesday, June 14, 2022- 10 A.M.- Hybrid Hearing: Are Governmentwide Acquisition Contracts Helping or Hurting Small…

Statement of the Hon. Nydia M. Velazquez on SBA Management Review: Office of Capital Access

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Our nation’s 30 million small businesses come in all shapes and sizes across various industries. But regardless of the product they sell or the number of employees on their payroll, the ability to access capital is crucial to their success. Unfortunately, our committee frequently hears from entrepreneurs about their struggle to obtain an affordable loan on reasonable, non-predatory…

Velázquez Conducts Oversight of SBA Office in Charge of Loan Programs

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Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held a hearing reviewing the challenges facing the Small Business Administration’s (SBA) Office of Capital Access (OCA). OCA is responsible for managing the SBA’s loan programs, which provide guarantees for short- and long-term loans on reasonable terms for small businesses that…

Crow Looks to Ease Workforce Issues in the Aviation and Aerospace Industry

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Innovation, Entrepreneurship, and Workforce Development, led by Chairman Jason Crow (D-CO), held a hearing focused on the labor issues facing small businesses in the aviation and aerospace industry.     “If the aerospace industry can’t find an adequate number of trained workers, our economy and…

Committee Advances Seven Bipartisan Small Business Bills

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Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), passed seven bipartisan bills to extend the statute of limitations on small business pandemic fraud cases, enhance workforce development offerings, and improve the procurement process for small businesses.       “Small businesses are leading the way in our recovery,…

Chairwoman Velázquez, Ranking Member Luetkemeyer Lead Members in Recognizing National Small Business Week

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Washington, D.C.— Yesterday, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Blaine Luetkemeyer (R-MO) led 44 members of Congress in introducing H. Res. 1076, a resolution recognizing May 2nd through 5th as National Small Business Week. Since 1963, the nation has celebrated National Small Business Week annually to recognize the enormous contributions…

Administrator Guzman Testifies on SBA’s FY 2023 Budget Request and Pandemic Programs

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Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing examining the Small Business Administration’s (SBA) budget request for Fiscal Year 2023 (FY 2023). During the hearing, SBA Administrator Isabella Casillas Guzman testified about specific funding requests for FY 2023 and ongoing efforts related to pandemic…

House Passes Slate of Small Business Bills

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Washington, D.C.— Today, the House passed five bipartisan committee bills to improve key Small Business Administration (SBA) entrepreneurial development programs, consolidate information for small business owners online, and increase representation for small firms in trade negotiations and other international economic matters.   “As small businesses continue to work toward…

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