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Bipartisan Small Business Bills Pass in House

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Washington, D.C.— Today, the House passed several bipartisan reforms to amend the Small Business Act and the Small Business Investment Act. The bills passed today will further expand capital access for small businesses recovering from a natural disaster, help small firms guard their data against hackers, and provide clarity around size standards for small firms competing for government…

Committee to Markup Bills on Veteran Entrepreneurship

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Washington, D.C.— House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) has announced the Committee will meet to markup the following bills on Wednesday, July 17th at 11:30 A.M.: • H.R. 3537, “Veteran Entrepreneurship Training Act of 2019” • H.R. 3734, “Successful Entrepreneurship for Reservists and Veterans Act” • H.R. 1615, “Verification Alignment and Service-disabled…

Chu Calls for Reforms and Accountability in SBA’s SCORE Program

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Washington, D.C.—Today, Rep. Judy Chu (D-CA) Chairwoman of the Small Business Subcommittee on Investigations, Oversight, & Regulations gathered officials from the U.S. Small Business Administration (SBA) to answer questions regarding the agency’s oversight of the SCORE program. Chu called the hearing following an April report from the office of the SBA Inspector General that found…

Velázquez Gathers Former Servicemembers to Talk Supporting Veteran Entrepreneurs

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Washington, D.C.— Today, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) gathered a panel focused on recognizing the substantial role of veteran entrepreneurs in the economy and the challenges that they face when starting a small business. During the hearing, former service members highlighted the struggles that veterans face and weighed in on current government…

Chairwoman Velázquez Announces Bills to Open SBA Programs to Legal Cannabis Businesses

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Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY), Rep. Jared Golden (D-ME), and Rep. Dwight Evans (D-PA) announced legislation to extend several Small Business Administration (SBA) initiatives to small businesses operating in the cannabis sector. Velázquez has introduced H.R. 3540, the Ensuring Safe Capital Access for All Small Businesses Act…

Velázquez Convenes Panel to Examine the Devastating Impact of Confessions of Judgement

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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee, convened a panel of business owners and experts to examine “confessions of judgment” and how they are being used to victimize small firms. A “confession of judgment” is an arcane legal device, whereby a borrower accepts an eventual judgment of liability against them. By signing…

Golden Holds Hearing on Improving Broadband Mapping to Tackle Digital Divide

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Washington, D.C.— Today, Rep. Jared Golden (D-ME), Chairman of the House Small Business Subcommittee on Contracting and Infrastructure held a hearing focused on improving broadband mapping in rural areas across the country. The hearing featured testimony from rural broadband carriers on the challenges that they face, and ways broadband mapping can be improved going forward. “Accurate…

Committee Holds Hearing on Role of Small Businesses in Cannabis Sector

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Washington, D.C.— Today, the House Committee on Small Business under Chairwoman Nydia M. Velázquez (D-NY) held its first ever hearing into the role of small businesses in the legal cannabis sector. Despite being federally prohibited, medical cannabis use is legal in a majority of states, while nearly a dozen states have legalized recreational use for adults. “As more and more states take…

Velázquez Brings Medical Students, Doctors to Testify on Crippling Consequences of Student Debt to Entrepreneurship

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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Chairwoman of the House Small Business Committee convened a panel of medical doctors, professionals, and students who shared their stories on how skyrocketing student debt has hurt their ability to start or work at a small medical practice. “The level of student debt saddling our young people is nothing short of a national crisis…

Golden, Velázquez Press SBA to Revise Financial Assistance Policy for Marijuana-Related Businesses

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Washington, D.C.— Today, Rep. Jared Golden (D-ME), Chairman of the Small Business Subcommittee on Contracting and Infrastructure, joined full Committee Chairwoman Nydia M. Velázquez (D-NY), and five additional members of the Committee in writing to the Acting Administrator and General Counsel of the Small Business Administration (SBA), seeking clarity surrounding an SBA policy that makes…

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