I’d like to welcome Inspector General Ware. Thank you for being here today. The past three years have been extremely challenging, and we commend you for your oversight of the pandemic relief programs, as well as making sure that the Small Business Administration’s core programs are working effectively for small businesses.
Every year, your office issues the Top Management Challenges… 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, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations held a hearing examining the current state of small business fintech lending. Chairman Dean Phillips (D-MN) gathered lenders and small business stakeholders to testify on the advantages of fintech lending as well as the risks posed to small businesses in the rapidly… Read more »
Increasing the flow of capital to American small businesses is one of this committee’s foundational goals. When entrepreneurs can secure financing on reasonable terms, they create jobs, expand their business, and move the economy forward.
Unfortunately, most American business owners feel they can’t adequately access capital. According to a 2022 Federal Reserve Survey, 59% of Small… Read more »
Nearly two years ago, the rapid spread of COVID-19 was wreaking havoc on small businesses across the country. As people stayed home to slow the spread of the virus, business for many small firms grounded to a halt. This was a time of tremendous uncertainty. Small businesses of all shapes and sizes began to wonder how long they could continue paying their rent, employees, and other key… Read more »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations under Chairman Dean Phillips (D-MN) held a hearing examining the landmark Paycheck Protection Program (PPP) and its effectiveness in delivering relief to small businesses. The hearing featured testimony from leading academics and government officials on their research… Read more »
I wish to start by thanking our distinguished witnesses for joining us today for this vital hearing on the state of the global supply chain and its impact on small businesses.
The ongoing COVID-19 pandemic is a once-in-a-generation crisis that has created massive economic challenges for businesses and consumers alike. An extraordinary increase in demand for goods has exacerbated the many… Read more »
Washington, D.C.— Today, Subcommittee on Oversight, Investigations, and Regulations Chairman Dean Phillips (D-MN) held a hearing examining the impact of global supply chain issues on American small businesses. The hearing occurred in the wake of product shortages and shipping delays around the world that have affected the day-to-day operations of small firms.
“The complexities of… Read more »
Washington, D.C.— Today, Rep. Dean Phillips (D-MN), Chairman of the Subcommittee on Oversight, Investigations, and Regulations, held a hearing examining the role of the Small Business Administration (SBA) and small firms in fighting climate change. In 2021, historic floods, record temperatures, and blazing wildfires have wreaked havoc on communities, posing a significant threat to small… Read more »
Cyber-attacks have the potential to threaten public safety and undermine the American economy and national security. The early months of 2021 provided harsh reminders of this fact. Over the past 6 months, hackers and other malicious actors have held an oil pipeline for ransom, breached the nation’s largest transit network, and attacked private companies to obtain sensitive customer data.… Read more »
