I rise in support of H.R. 3843, the Small Business Reauthorization Act. First of all, I want to commend the gentleman from Missouri (Chairman Talent) and the gentlewoman from New York (Ms. Velazquez), the ranking member, and all members of the committee, as well as staff, for working so well together to provide improved services to small businesses. Today there are more than 25 million small businesses, the most ever in the United States. This bill provides America's 25 million small businesses with billions of dollars in technical assistance and access to capital programs. It provides $45.5 billion for the SBA's 7(a) program, a program to provide loans to small businesses unable to secure financing on reasonable terms through normal channels; $13 billion for the 504 loan program to assist community development corporations who provide long-term fixed rate financing to small businesses in underserved areas; $10 billion for small business investment companies; $450 million in direct microlending loans and technical assistance; $750 million for small business development centers; 3 million for the women-owned businesses; $30 million for HUB zones. This bill is a testament to the idea that when minds work together with a common interest, it does not matter which party, which area, which city, which State that they come from, that they all can come together for the common purpose of providing access to capital and direct services to those businesses in great need.
Editor's note · Context
Supporting the Small Business Reauthorization Act and its provisions for small business assistance.
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