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Chairwoman Velázquez: “A Year After the GOP Tax Law, Small Businesses See Little to Celebrate”

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Washington, D.C.—This Tax Day, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) has released a factsheet detailing the consequences of the 2017 GOP tax law on America’s small businesses.  “For America’s small businesses, the tax law is a lose-lose,” said Chairwoman Velázquez. “Not only has it created a web of complexity that unfairly burdens the small business…

Golden Leads Bipartisan Lawmakers in Calling on FCC to Expand Rural Broadband

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Washington, D.C.— Today, Rep. Jared Golden (D-ME), Chairman of the Small Business Subcommittee on Contracting and Infrastructure led 14 bipartisan members of the Committee in writing to Ajit Pai, Chairman of the Federal Communications Commission (FCC) urging the Commission to take steps to close the digital divide facing small businesses.  “Our interactions with small business…

Subcommittee Examines Impact of Proposed Fee Hikes to SBA 7(a) Loan Program

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Washington, D.C.— Today, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access under Chair Andy Kim (D-NJ) held a hearing focused on the potential consequences of proposed fee increases to the 7(a) program on small lenders and borrowers under the Small Business Administration’s (SBA) budget proposal for 2020.  “Today, we heard firsthand from people in…

Chairwoman Velázquez on March 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 March jobs statement:          “Today’s jobs report is certainly an improvement from February’s dismal figures, yet, it is also a reminder that our economy continues to show signs of weakness as a…

Chairwoman Velázquez Rings Alarm Over Trump’s Threat to Close Border

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Washington, D.C.—After President Trump threatened to close the U.S.-Mexico border, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) is drawing attention to the potentially catastrophic impact of a border closing on America’s small business sector. “If the President decides to take the unprecedented act of closing our Southern border, our entire economy will suffer,…

Chairwoman Velázquez on Selection of Jovita Carranza 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 regarding reports that President Trump plans to nominate Jovita Carranza as Administrator of the Small Business Administration (SBA):              “The Small Business Administration plays a crucial role…

Finkenauer Convenes Family Farmers and Workers to Talk About Trade

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Washington, D.C.—Today, Rep. Abby Finkenauer (D-IA), Chairwoman of the Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship held a hearing focused on the impact that trade policies are having on small businesses and workers in America’s rural communities.  “As a Congresswoman from Iowa’s First Congressional District, whose sister and brother…

In New Report, Chairwoman Velázquez Blasts Presidential 2020 Budget

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Lays Out Detailed Analysis of Budget’s Harm to America’s Small Business Sector Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released a comprehensive report showing the deep cuts and harm that the President’s FY 2020 budget would inflict on America’s small business sector.  “After enacting a tax law that adds over one trillion…

Subcommittee Examines Small Business Runway Extension Act

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 Washington, D.C.— Today, the Committee on Small Business Subcommittee on Contracting and Infrastructure met to ensure that the Small Business Runway Extension Act is being implemented in accordance with Congressional intent. Signed into law in December of 2018, the Act aims to give small firms additional time as a designated small business, so they can better compete for federal…

Velázquez Seeks to Flip the Switch on Rural Entrepreneurship

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Washington, D.C.— Today, the House Small Business Committee heard firsthand from small business owners on how digital technology is shaping the success of small firms in rural parts of America. From working to increase participation in the online marketplace to protecting small firms from cyberattacks, Committee Members discussed how Congress can act to expand the opportunities available…

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