In a hearing today in front of the House Small Business Subcommittee on Agriculture, Energy, and Trade, Democrats took aim at one of the most pressing issues facing small firms—access to capital. Through a unique public-private partnership, the Small Business Investment Company (SBIC) program has helped thousands of high-growth businesses by providing over $100 billion of investment… Read more »
As Republicans in Congress unveiled their tax plan today, Ranking Member Nydia M. Velázquez (D-NY) released a report showing the plan’s failure to consider the needs of America’s small firms. In the report, Velázquez argues that tax reform ought to provide simplicity and modernization to increase compliance and spur job creation. Pulling from years of collective… Read more »
Yesterday, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) sent a letter which emphasizes the importance of awarding federal contracts to small firms within disaster areas. The letter was sent to the administrators of the Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers (USACE). Unfortunately, hurricanes cause enormous economic… Read more »
Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) sent a letter calling on the Small Business Administration (SBA) to outline the concrete actions they are taking to help the thousands of Puerto Rican small businesses recovering from Hurricane Maria.
Reports from the Island estimate that due to the storm, 5,000 of Puerto Rico’s small… Read more »
In response to the Small Business Administration’s (SBA) announcement to hire a Procurement Analyst in San Juan, Puerto Rico, Ranking Member Nydia M. Velázquez (D-NY) released the following statement:
“I commend SBA for the decision to recruit a full-time procurement analyst in San Juan, serving the capacity of… Read more »
Today, Democrats of the House Small Business Subcommittee on Contracting and the Workforce convened in front of a key panel to examine damaging shortcomings out of federal Offices of Small and Disadvantaged Business Utilization (OSDBU). Reports from the Government Accountability Office (GAO) have exposed that for an initiative designed to increase small business procurement, OSDBUs have… Read more »
Rep. Nydia M. Velázquez (D-NY), the top Democrat on the House Small Business Committee, released the following statement in support of the White House’s decision to nominate Hannibal “Mike” Ware to serve as the Small Business Administration’s (SBA) Inspector General:
“Mr. Ware, SBA’s current… Read more »
For a small business owner working to make ends meet, keeping up with federal paperwork is often costly and overbearing. Despite the passage of the Paperwork Reduction Act (PRA), paperwork continues to be an overwhelming drain on resources for small firms. After a prior hearing with private industry leaders, Democrats today sought answers from public agency officials on how the federal… Read more »
Last week, President Trump and Congressional Republicans unveiled the contours of a tax plan that while lacking in details, appears unlikely to meet the needs of America’s small businesses. Moreover, the Republican plan proposes removing tax incentives, almost certainly at the expense of small firms.
“When it comes to tax reform, America cannot afford to leave… Read more »
In the wake of the recently announced GOP tax reform framework, Ranking Member Nydia M. Velázquez (D-NY) released the following statement:
“After a long wait, the Administration and Republican leaders released their tax framework for tax reform. Despite all this time, it remains an outline, lacking the details we need to take serious steps to overhaul our tax code. It… Read more »
