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Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY), Ranking Member of the House Small Business Committee, issued the following statement after the Labor Department released its January jobs report showing that non-farm payroll employment increased by 517,000, the unemployment rate fell to 3.4%, and the prime-age employment rate rose to 80.2%:        … Read more »

Ranking Member Velázquez Announces Democratic Roster for 118th Congress    Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) announced the Committee’s Democratic roster for the 118th Congress. The Democratic Steering and Policy Committee selected the Members and the Democratic Caucus voted for their… Read more »

Washington, D.C.— Today, the House passed a set of three bipartisan bills focused on improving Small Business Administration (SBA) lending programs and increasing representation for small firms in trade negotiations and other international economic matters.   “Small businesses are the backbone of our economy and have led the way in our economic recovery from the pandemic,” said… Read more »

Washington, D.C.— Yesterday, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY), welcomed Small Business Administration (SBA) Administrator Isabella Casillas Guzman to Sunnyside Queens as the two visited local Latino-owned businesses. During the tour, Velázquez and Guzman discussed the challenges facing underserved entrepreneurs and federal efforts to better support… Read more »

Washington, D.C.— Today, House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) released the following statement after the U.S. Census Bureau announced that Americans applied to start over 10 million small businesses during the first two years of the Biden Administration:          “Since the Biden administration began, President Biden and… Read more »

Washington, D.C.— Today, Congresswoman Nydia M. Velázquez (D-NY), incoming Ranking Member of the House Small Business Committee, issued the following statement after the Labor Department released its December jobs report showing that non-farm payroll employment increased by 223,000, the unemployment rate fell to 3.5%, and Black and Hispanic unemployment fell below pre-pandemic… Read more »

Washington, D.C.— The House has passed a set of four bipartisan bills focused on improving Small Business Administration (SBA) programs that help small business recover from natural disasters, protect against cyber threats, and engage in international trade.   “Small businesses are the beating heart of the American economy. Given that fact, it’s vital that Congress support… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the Small Business Administration (SBA) announced its suspension of certain non-lenders from agency programs and investigation of banks involved in alleged fraud outlined in a recent report issued by the House Select Subcommittee on the Coronavirus… Read more »

Washington, D.C.— Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations, chaired by Rep. Dean Phillips (D-MN), held a hearing examining the challenges employee-owned businesses face accessing Small Business Administration (SBA) lending programs. The hearing gathered lenders and employee ownership experts to testify on employee-owned… Read more »

Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its November jobs report showing that non-farm payroll employment increased by 263,000 and annual wages grew by 5.1%:          “The November jobs report marks the twenty-second straight month of… Read more »