Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after the Labor Department released its August jobs report showing that non-farm payroll employment increased by 315,000: “Today’s jobs report showcases the strength of our economic recovery under the Biden administration. Since President Biden took office, we’ve added nearly... Read more »
Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) released the following statement after the House passed the Inflation Reduction Act: “Under the Biden Administration, American small firms have enjoyed record years in terms of job creation and new business startups. Overall, our economy has added nearly 10 million jobs since President Biden took office an... 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 July jobs report showing that non-farm payroll employment increased by 528,000: “Today’s jobs report crushed expectations, adding a robust 528,000 jobs and showcasing the resiliency of our recovery. With today’s report, we’ve passed an ... Read more »
Washington, D.C.— Today, President Joe Biden signed into law the PPP and Bank Fraud Enforcement Harmonization Act and the COVID-19 EIDL Fraud Statute of Limitations Act of 2022. These two bills, introduced by Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Blaine Luetkemeyer would extend the statute of limitations for certain fraud cases involving the Paycheck Protection Program (PPP) and ... Read more »
Washington, D.C.— Today, the House passed H.R. 5118, the Wildfire Response and Drought Resiliency Act, a package of 49 bills that will help protect communities against catastrophic wildfires, enhance drought resiliency, and ensure a whole-of-government approach to wildfire and drought issues. The bill included a bipartisan amendment offered by Chairwoman Nydia M. Velazquez (D-NY) and Rep. Garrett ... Read more »
Washington, D.C.— Today, the House Small Business Committee, under Chairwoman Nydia M. Velázquez (D-NY), held a hearing focused on increasing small business participation in infrastructure projects by strengthening the Small Business Administration’s (SBA) Surety Bond Guarantee Program (SBG). Every year, SBG helps thousands of small firms access government contracts by guaranteeing surety bonds, w... 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 (STEP) and... 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 businesses in ... Read more »
Washington, D.C.— Today, the House passed the National Defense Authorization Act for Fiscal Year 2023 (NDAA), a bipartisan defense bill that includes numerous measures to support small government contractors and boost small business participation in the procurement marketplace. Committee members worked to include multiple provisions that address key challenges facing small firms in the contracting... 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 evolving space... Read more »
