American innovation is key to our country’s success as a global economic powerhouse. Our standing in the world is built on our collective investments in new ideas, cutting-edge technology, and competition between and talent among our country’s best and brightest.
American entrepreneurs play a crucial role in the innovation ecosystem by attracting investment to bring ideas in… Read more »
Thank you, Mr. Chairman, for holding this important hearing examining CFPB’s small business lending rule and examining ways to create a more equitable lending ecosystem.
For far too long, women- and minority-owned small businesses have experienced obstacles in accessing capital. Part of the reason is the lack of data and transparency related to small business lending. The scant data… Read more »
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… Read more »
Washington, D.C.— Today, Rep. Sharice Davids (D-KS), Chairwoman of the Subcommittee on Economic Growth, Tax, and Capital Access, convened a panel of trade experts and small business exporters to discuss how international trade can fuel small business recovery and growth. The hearing focused on the current state of the Small Business Administration’s (SBA) State Trade Enhancement Program… Read more »
American entrepreneurs are nearly always looking to expand their businesses. Whether it’s hiring new workers, offering new products, or opening new locations, small business owners always have an eye on growth.
In recent years, increased globalization and digital adoption have led many small businesses to expand their offerings into international markets. Approximately 166,384 small… Read more »
The COVID-19 pandemic highlighted long-standing inequities in the small business lending market. In March of 2020, Congress stepped in to support small businesses through the Paycheck Protection Program. Under PPP, banks and other private lenders made fully guaranteed SBA loans to small businesses hurt by the virus.
Over the life of the program, PPP delivered over $800 billion in… Read more »
Washington, D.C.— Today, the House Small Business Committee Subcommittee on Economic Growth, Tax, and Capital Access under Chairwoman Sharice Davids (D-KS) held a hearing examining the role of community lenders in Small Business Administration (SBA) programs and steps Congress can take to increase capital access in underserved markets.
“The ability of community lenders to reach… Read more »
Small businesses are the backbone of the American economy. They employ nearly half the private workforce, and drive development through groundbreaking innovations. However, for entrepreneurs to positively impact our communities, they must have the capital necessary to start and run their businesses.
Congress has long realized that funding on reasonable terms can be… Read more »
For many years, America's innovative prowess has propelled our nation to become the world's preeminent economic power. Our economic dominance has, in part, been driven by federal investment in research and development. By prioritizing innovation, the federal government has financed inventions and discoveries that have benefited the economy and improved lives across the globe.… Read more »
Women are at the center of the American economy. They make up nearly half the workforce and own an estimated 42 percent of all U.S. businesses. Before the pandemic, these women-owned businesses employed 9.4 million workers and generated $1.9 trillion in revenue. Businesses owned by women of color were experiencing exceptional growth. Pre-COVID, firms owned by women of color grew at 43… Read more »
