Political Quotes

“And I rise in support of H.R. 1502, the Microloan Improvement Act of 2021. Before I begin, I would like to thank the chairwoman for working in a bipartisan manner on behalf of our Nation's small businesses. The bills before us today were developed in the 116th Congress and have been updated and reintroduced in this Congress. They focus on the Small Business Administration's existing government guaranteed loan programs. These programs are important resources and tools for the Nation's smallest businesses as they seek out financing. Now, more than ever, these programs need to be ready for small businesses as they begin and continue to recover from the COVID-19 pandemic. As ranking member of the Committee on Small Business, I want to make sure we focus, or continue to focus on these programs that assist the Nation's small businesses, entrepreneurs, and start-ups. The first bill is the Microloan Improvement Act. This legislation enhances and expands SBA's microloan program which provides loans of $50,000 or less. This program, which is delivered to small businesses through a partnership with microloan intermediaries, concentrates on low-dollar loans and technical assistance. When a small business is starting out, counseling and capital assistance are true drivers of continued and prolonged success. H.R.…”