Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held a hearing examining the current state of the Paycheck Protection Program (PPP) and the future of the program, which is currently set to expire on March 31st. The hearing also gave small business owners and lenders the opportunity to testify on the impact of a recent set of… Read more »
Washington, D.C.— Today, the House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY), Senator Mazie K. Hirono (D-HI), Thom Tillis (R-NC), and Congressman Steve Stivers (R-OH) introduced the Inventor Diversity for Economic Advancement Act (“IDEA Act”) of 2021. The bill includes provisions to level the playing field for women and minority inventors, who are underrepresented… Read more »
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 report showed signs of momentum, adding 379,000 jobs to the U.S. economy. This report was an improvement after multiple months of sluggish job… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the House passed the American Rescue Plan Act of 2021, which would provide $50B in relief funding to small businesses:
“It’s long been clear that small businesses are in dire need of more support. In 2021, economic data… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez released a report detailing the devastating impact the coronavirus pandemic has had on Black-owned businesses in the United States. The report surveyed the current business landscape for black entrepreneurs and proposed policy solutions to spark a more equitable recovery.
“Since the… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Biden administration announced reforms intended to ensure that the smallest of small businesses can access the Paycheck Protection Program (PPP):
“Shortly after the inception of PPP, evidence emerged that the… Read more »
Washington, D.C.— Today, during a markup of the House Small Business Committee’s reconciliation proposal, Chairwoman Nydia M. Velazquez delivered the following remarks:
As Prepared for Delivery
“Today, we will be considering legislation to further help our nation’s small employers’ power through this unprecedented crisis.
… Read more »
Washington, D.C.— Today, the House Small Business Committee, chaired by Rep. Nydia M. Velázquez (D-NY), approved legislation to provide small businesses with $50 billion in emergency aid to recover from the ongoing COVID-19 pandemic. The bill now goes to the House Budget Committee to be included in a comprehensive aid package.
“After suffering through this pandemic for… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its January jobs report:
“The January jobs report removes any doubt that our economic recovery is stalling. The economy added just 49,000 jobs last month, long term unemployment is up, and… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Vice-Chair Kweisi Mfume (D-MD) sent a letter to President Joe Biden, asking his administration to prioritize small businesses in his efforts to leverage the Defense Production Act (DPA) to fight medical supply shortages.
“Ensuring small businesses are part of any efforts to… Read more »
