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Statement of Hon. Dean Phillips on An Empirical Review of the Paycheck Protection Program

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Nearly two years ago, the rapid spread of COVID-19 was wreaking havoc on small businesses across the country. As people stayed home to slow the spread of the virus, business for many small firms grounded to a halt. This was a time of tremendous uncertainty. Small businesses of all shapes and sizes began to wonder how long they could continue paying their rent, employees, and other key…

Phillips Gathers Experts to Examine Paycheck Protection Program’s Effectiveness

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations under Chairman Dean Phillips (D-MN) held a hearing examining the landmark Paycheck Protection Program (PPP) and its effectiveness in delivering relief to small businesses. The hearing featured testimony from leading academics and government officials on their research…

Velázquez Announces Appointment of Congresswoman Tenney as Subcommittee Ranking Member

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velazquez (D-NY) announced that Rep. Claudia Tenney (R-NY) will serve as Ranking Member of the Subcommittee on Underserved, Agricultural, and Rural Business Development. Rep. Tenney’s appointment follows the passing of former Subcommittee Ranking Member Congressman Jim Hagedorn (R-MN).   “I’m pleased to…

Chairwoman Velázquez on Passage of Omnibus Appropriations Funding Package

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the House passed the Consolidated Appropriations Act for FY 2022:          “Last night, the House took the critical step of passing appropriations legislation that represents a transformational investment in working families. As we…

Velázquez Works to Extend Key Programs Supporting Innovative Small Businesses

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) held a hearing focused on the status of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which help entrepreneurs commercialize federal R&D innovations. The hearing focused heavily on efforts to reauthorize both programs. As it…

Chairwoman Velázquez on February 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 February jobs report:          “The February jobs numbers continue to build on the record-breaking job creation we saw in the first year of the Biden administration. With this report, our economy has…

Mfume Seeks to Strengthen 8(a) Program to Support Disadvantaged Businesses

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Contracting and Infrastructure, led by Chairman Kweisi Mfume (D-MD), held a hearing examining the current state of the Small Business Administration’s (SBA) 8(a) program. Congress created the 8(a) program to level the playing field in the procurement space and allow disadvantaged businesses to compete for federal…

Velázquez Looks to Antitrust to Promote Fair Competition for Small Businesses

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Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) held a hearing surveying antitrust laws and their potential to root out anticompetitive practices that harm small businesses. The hearing gathered experts and former government officials to testify on the state of antitrust enforcement and the current competitive environment for small…

Chairwoman Velázquez on President Biden’s State of the Union Address

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after President Biden’s State of the Union address:          “Tonight, President Biden detailed the remarkable recovery of the economy and American small businesses during his administration. When the President took office, small businesses…

Chairwoman Velázquez Announces March Hearings

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced several committee hearings throughout March:   Tuesday, March 1, 2022- 10 A.M.- Hybrid Hearing: Competition and the Small Business Landscape: Fair Competition and a Level Playing Field   Wednesday, March 2, 2022- 11 A.M.- Hybrid Hearing: The 8(a) Program: Overview and Next…

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