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Press Releases

Chairwoman Velázquez on Announcement of Opening of Shuttered Venue Operators Grant Program

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Small Business Administration (SBA) announced the Shuttered Venue Operators Grant (SVOG) program would start accepting applications on April 8th, 2021:          “Today’s announcement is excellent news for the independent…

Chairwoman Velázquez Statement on Confirmation of Isabel Guzman To Lead SBA

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Senate voted to confirm Isabel Guzman as the next Administrator of the Small Business Administration (SBA):          “As the SBA helps guide small businesses towards recovery, the agency needs experienced leadership with a…

Chairwoman Velázquez, Ranking Member Luetkemeyer, and Representatives Bourdeaux and Kim Applaud Passage of PPP Extension Act

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Washington, D.C.— Today, the House vote to pass the bipartisan Paycheck Protection Program (PPP) Extension Act. The bill was introduced by House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY), Ranking Member Blaine Luetkemeyer (R-MO), Congresswoman Carolyn Bourdeaux (D-GA), and Congresswoman Young Kim (R-CA).   The bill includes provisions to extend the PPP…

Velázquez Examines Impact of Biden Administration’s PPP Reforms and the Future of Program

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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…

Chairwoman Velázquez, Senators Hirono and Tillis, and Rep. Stivers Introduce Bipartisan Bicameral Bill to Increase Diversity in U.S. Patent System

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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…

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 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…

Chairwoman Velazquez on House Passage of the American Rescue Plan Act of 2021

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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 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…

Committee Report Outlines COVID’s Devastating Impact on Black-Owned Small Businesses

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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…

Chairwoman Velázquez Applauds Biden Administration for Reforms to Paycheck Protection Program

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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…

Chairwoman Velázquez Opening Statement at Committee Markup of Small Business Relief Legislation

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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.    …

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