Washington, D.C.— Today, the House Small Business Committee Subcommittee on Innovation and Workforce Development, under Chairman Jason Crow (D-CO) held a hearing examining how the Small Business Administration’s (SBA) legacy technology systems faired throughout the implementation of the Paycheck Protection Program (PPP). The hearing also covered recent issues surrounding the SBA’s… Read more »
Washington, D.C.— Yesterday, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Steve Chabot (R-OH) introduced a resolution to recognize September 22nd to September 24th as National Small Business Week. The week has been observed annually since 1963 to commemorate the contributions of small business owners and their more than 60 million… Read more »
Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velazquez (D-NY), passed four bipartisan bills to make critical changes to the Small Business Administration (SBA) 504 and 7(a) lending programs and to improve the appeals process in the HUBZone federal contracting program.
“Prior to the Coronavirus, the Committee held numerous hearings… Read more »
Washington, D.C.— Today, the House passed four bipartisan bills to improve the Small Business Administration (SBA) Microloan program, increase small business exporting opportunities, and expand federal small business initiatives to the Northern Mariana Islands, the only U.S. jurisdiction not currently covered by these SBA programs.
“Staying true to the tradition of our… Read more »
Washington, D.C.— Yesterday, the House Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship, led by Chairwoman Abby Finkenauer (D-IA), held a virtual hearing exploring policies to boost entrepreneurship in rural communities to help expedite their economic recovery.
“Due to the downturn in our economy, 7.5 million small businesses are… Read more »
Washington, D.C.— Today, the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (D-NY), held a virtual hearing examining the current landscape of financial technology (Fintech) lending for small businesses. In recent years, online lending has become an increasingly popular avenue for small businesses looking for alternative financing options.
“It has… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) announced several Committee hearings throughout September:
Wednesday, September 9 – 1 PM – Remote Hearing: Transparency in Small Business Lending
Thursday, September 10 – 1 PM – Remote Hearing: Kick Starting Entrepreneurship and Main Street Economic Recovery (Subcommittee on… Read more »
Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement calling on the Small Business Administration (SBA) to provide timely and adequate disaster assistance to victims of recent natural disasters.
“Our thoughts and prayers are with the people of… Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to a new Small Business Administration (SBA) Office of the Inspector General (OIG) Management Alert raising concerns regarding the potential for fraud and abuse in the COVID-19 Economic Injury Disaster Loan (EIDL) program:
… Read more »
Washington, D.C.— Today, the House Small Business Subcommittee on Investigations, Oversight, and Regulations, under Chairwoman Judy Chu (D-CA), held a hybrid hearing focused on long-standing technological issues at the Small Business Administration (SBA). Though the SBA has made strides in improving their IT over the past decade, the influx of activity from small business owners… Read more »
