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Committee Passes Six Bipartisan Small Business Bills

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Washington D.C.— Today, the House Small Business Committee passed six bipartisan bills to improve oversight of Small Business Administration (SBA) loan programs, enhance workforce development initiatives, and increase access to resources for veteran entrepreneurs.    “Today’s legislation showcases this committee’s bipartisan tradition of enacting legislation that fosters a…

Ranking Members Velázquez, Waters Request Briefing on CFPB’s Final Rule to Promote Fair Lending to Small Businesses

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WASHINGTON, D.C. - Today, Congresswoman Nydia Velázquez (D-NY), the top Democrat on the House Small Business Committee, and Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Consumer Financial Protection Bureau (CFPB) following the agency’s move to finalize small business lending rules implementing Section…

Scholten Looks to Boost Small Business Contracting at Subcommittee Hearing

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Washington, D.C.— Today, the House Small Business Committee Subcommittee Contracting and Infrastructure held a hearing examining the current state of small business contracting and top issues facing small firms in the procurement space. During the hearing, Ranking Member Hillary Scholten (D-MI) discussed the importance of achieving federal government wide contracting goals and the dangers…

Velázquez Conducts Oversight of SBA 7(a) Rules Changes During Committee Hearing

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Washington D.C.— Today, the House Small Business Committee held a hearing examining recent Small Business Administration (SBA) rule changes to the 7(a) loan program, the agency’s flagship lending initiative. During the hearing, Ranking Member Nydia M. Velázquez expressed concern about changes to safeguards in the 7(a) program and the impact of these new rules on the stability of a highly…

McGarvey Looks to Boost Workforce Development to Address Small Business Labor Shortages

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Today, the House Small Business Committee Subcommittee on Innovation, Entrepreneurship, and Workforce Development held a hearing exploring how alternatives to post-secondary education can help workers and strengthen the small business workforce. During the hearing, Ranking Member Morgan McGarvey (D-KY) stressed the importance of federal workforce development programs that can benefit…

Velázquez Highlights Need for Tax System Geared Toward Small Businesses During Committee Hearing

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Washington, DC — Today, the House Small Business Committee held a hearing examining the impact of recent tax reforms on American small businesses. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) discussed the need for reforms that simplify the current tax system and even the playing field between large corporations and big businesses. “Main Street businesses form the…

Ranking Members Velázquez, Waters Applaud CFPB’s Final Rule to Implement Small Business Data Collection, Root out Lending Discrimination

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Washington, D.C.— Today, Congresswoman Nydia Velázquez (D-NY), the top Democrat on the House Small Business Committee and Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Consumer Financial Protection Bureau’s move to issue its final rule implementing the small business data requirements of Section 1071…

Landsman Pushes for More Equitable Lending for Underserved Small Businesses

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Washington, D.C.— Today, the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access held a hearing examining the impact of Section 1071 of the Dodd-Frank Act on small banks and small businesses. During the hearing, Ranking Member Greg Landsman (D-OH) addressed the need for policies that combat systemic discrimination in lending that hurts women- and…

Velázquez Emphasizes Importance of Clean Water to Small Firms During WOTUS Hearing

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Washington, D.C.— Today, the House Small Business Committee held a hearing examining the impact of the Biden Administration’s proposed rule revising waters of the United States (WOTUS) under the Clean Water Act (CWA) on small businesses. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) spoke in favor of the proposed rule and discussed the importance of clean water to small…

Ranking Member Velázquez Touts Strength of Small Business Economy in First Committee Hearing

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Washington, D.C.— Today, the House Small Business Committee convened for a hearing celebrating American entrepreneurs and surveying the current state of the small business economy. During the hearing, Ranking Member Nydia M. Velázquez (D-NY) highlighted the progress small businesses have made under the Biden administration and their role in driving economic growth.   “Small…

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