I thank the chairman of the subcommittee for yielding. Mr. Speaker, we are now 18 days into the Trump shutdown, and America's small businesses are feeling the strain. Each day that this political stunt continues, entrepreneurs lose out on nearly $90 million in affordable capital through the Small Business Administration's 7(a) lending program alone. That is 192 small firms per day going without the resources they need to grow and create new jobs. As chairwoman of the Small Business Committee, I am deeply concerned that President Trump is holding America's small business sector hostage as he demands funding for a cruel and ineffective border wall. Contrary to the President's remarks, this shutdown isn't just hurting workers who collect a paycheck in blue States; its impacts are being felt on Main Street across this country. For 3 weeks now, the SBA--the only Federal agency dedicated to our Nation's entrepreneurs--has ceased its core operations. Make no mistake about it: This puts hundreds of millions of dollars out of reach for millions of small businesses who seek to utilize these services. For small firms operating in the Federal marketplace, the shutdown could cause them to sacrifice nearly 7,000 contracts worth over $300 million each day. Unfortunately, the consequences don't end there.…
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More from Nydia M. Velazquez
Let me begin by reiterating that as the ranking member of the Small Business Committee, I recognize the impact of regulations, and I have worked to find ways to balance the shared goal of minimizing the burdens while achieving the intended…
I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill, add the following: (d) Applicability.--The prohibition in subsection (a) does not…
I appreciate the work of my colleagues on this bill, and I urge its adoption. I yield back the balance of my time.
The Federal Government routinely fails to meet the goals of awarding 5 percent of contract dollars to women-owned small businesses. While this administration has prioritized meeting these goals and last year awarded over $28 billion to…





