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Washington, D.C.— Today, the U.S. House of Representatives passed legislation approved already in the Senate to extend the Small Business Administration’s (SBA) authority to approve Paycheck Protection Program (PPP) loans through August 8, 2020.          “As the Trump Administration’s piecemeal response to the COVID-19 pandemic continues to jeopardize public… Read more »

Washington, D.C.—House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to a new Government Accountability Office (GAO) report, which found that the Trump Administration’s mishandling of small business relief aid puts taxpayer funding in jeopardy.              “As our nation continues to… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) penned a letter to FTC Commissioner Rohit Chopra calling on the agency to launch an investigation into withholdings taken by payment processor First Data from the company’s Puerto Rican clients.   Puerto Rican businesses using First Data have reported that the companies’ merchant… Read more »

Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) hosted a virtual hearing assessing issues that have emerged during the implementation of the Paycheck Protection Program (PPP). The hearing gathered small business owners, lenders, and researchers to examine what has and hasn’t worked under the program and what Congress can do to… Read more »

Washington, D.C.—Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and twelve Committee Democrats wrote to Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza asking the agencies to immediately begin publishing the demographic data of recipients of the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. The… Read more »

Washington, D.C.— Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) gathered small business owners to examine issues within the Small Business Administration’s (SBA) COVID-19 Economic Injury Disaster Loan (EIDL) program. The virtual hearing featured EIDL applicants, who testified on their experience accessing the program and the many issues they… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Steve Chabot (R-OH) led a bipartisan group of Committee members in a letter to the Small Business Administration (SBA) seeking more information regarding issues small business borrowers are facing within the Economic Injury Disaster Loan (EIDL) program, as it was extended… Read more »

Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) has announced several remote Committee hearings for the month of June:     Wednesday, June 10, 2020 – 1:00 P.M.- Remote Hearing: The Economic Injury Disaster Loan Program: A View from Main Street   Wednesday, June 17, 2020 – 1:00 P.M.- Remote Hearing: Paycheck… Read more »

Washington, D.C.—Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY), House Oversight and Reform Committee Chairwoman Carolyn B. Maloney (D-NY), Small Business Subcommittee on Investigations, Oversight and Regulations Chairwoman Judy Chu (D-CA), and Reps. Barbara Lee (D-CA) and Diana DeGette (D-CO), Co-Chairs of the Congressional Pro-Choice Caucus, led 161 other… Read more »

Today, the House Small Business Subcommittee on Innovation and Workforce Development, under Chairman Jason Crow (D-CO), held a virtual forum focused on the issues facing small businesses trying to make business interruption insurance claims related to COVID-19.  “At a time when millions of small businesses are struggling to stay afloat, the unemployment rate is at levels not seen… Read more »