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Chu Holds Oversight Hearing into Shutdown’s Impact on Small Business Loans

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Washington, D.C.—Today, Rep. Judy Chu (D-CA), Chairwoman of the House Small Business Subcommittee on Investigations, Oversight, and Regulations, held a hearing into the impact of the recent government shutdown on the Small Business Administration’s (SBA) flagship lending programs. Concerned that the shutdown shuttered the agency’s ability to make loans to creditworthy small businesses,…

Small Business Committee Lays Out Priorities for New Congress

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Washington, D.C.—Today, the House Small Business Committee under Chairwoman Nydia M. Velázquez (D-NY) held a hearing to examine the Committee’s priorities for the 116th Congress. Probing a panel of small business owners and experts, the Committee touched upon issues including: access to capital and federal contracts, tax reform, infrastructure and workforce development. “From the…

Congressman Kim Convenes Panel to Support Underserved Small Businesses

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Washington, D.C.—Today, the Small Business Subcommittee on Economic Growth, Tax, and Capital Access under Chair Andy Kim (D-NJ) held a hearing to examine the challenges faced by women, minority, veteran, and rural entrepreneurs, and how Congress can help optimize their success. “I joined this Committee because small businesses are the economic backbone of my district, and if we’re going…

Chairwoman Velázquez on the State of the Union Address

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Washington, D.C.—Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement in response to the President’s State of the Union Address: “Our nation’s entrepreneurs deserve lasting and meaningful investments in their futures. Unfortunately, this evening, it is difficult to take the President’s words at face value…

Chairwoman Velázquez on Black History Month

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Washington, D.C.—Today, in recognition of Black History Month, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement: “Every Black History Month, our nation celebrates the proud heritage and countless contributions of African Americans. “African Americans make up a crucial sector of America’s small business economy,…

With Thousands of Small Contractors in Peril, Velázquez Reiterates Call for End to Shutdown

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Washington, DC – Today, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) commented in response to new data from the U.S. Chamber of Commerce on how the shutdown is impacting small contractors. According to the U.S. Chamber, the government shutdown has already cost small contractors $2.3 billion. Additionally, the Chamber found that over 41,000 small contractors…

Velázquez Announces Democratic Committee Members for 116th Congress

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Washington, DC – Today, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) announced the Committee’s Democratic Members. The announcement follows the selection of Members by the Democratic Steering and Policy Committee and their approval by the Democratic Caucus. “It is my honor to welcome a dynamic and exciting group of Democratic Members to serve on our…

House Passes Slate of Small Business Bills

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Washington, D.C.—Over the past few days, the U.S. House of Representatives passed four bipartisan small business bills to improve opportunities for entrepreneurs across the nation. “Our small businesses deserve robust investments that promote growth by improving access to capital and ensuring small firms can compete with their larger counterparts,” said House Small Business Committee…

Velzquez Writes SBA Administrator as Shutdown Continues

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Reaffirms Shutdown’s Consequences for Small Firms, Probes Agency’s Plan to Recover House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) has sent a letter to the Small Business Administration (SBA) head Linda McMahon, asking how the agency plans to mitigate the shutdown’s disruptions for small firms and restore its core functions. “It is…

Velzquez, Chabot Announce Small Business Disaster Recovery Bill

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To help small businesses and homeowners better recover from a natural disaster, House Small Business Committee Chairwoman Rep. Nydia M. Velázquez (D-NY) and Ranking Member Rep. Steve Chabot (R-OH) have introduced H.R. 277, the “Access to Sufficient Capital for Everyone in Natural Disaster Areas Act of 2019” (ASCEND Act). By increasing the minimum amount for which the…

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