Nydia M. Velazquez: “today is a historic day for America. This legislation blazes a trail by putting small businesses at the forefront of…”

“today is a historic day for America. This legislation blazes a trail by putting small businesses at the forefront of solving our energy problems. It is clear there is no greater obstacle to our long-term economic growth than the rising costs of energy. With this bill, we are not only addressing this challenge today, but also for future generations, and leading the effort will be this Nation's entrepreneurs. This legislation will enable small farmers to produce more clean energy. Small businesses already make up 85 percent of the renewable fuels industry, and this ensures they remain viable in a global economy. The establishment of the Renewable Fuels Capital Investment Company will only increase the number of small firms involved in producing ethanol and biodiesel. Small manufacturers are also expected to expand their efforts in improving energy conservation. With greater access to capital for developing clean technologies, these firms can use these resources to innovate and create designs to enhance efficiency. When people talk about a green economy and green collar jobs, they talk about small businesses. Mr. Speaker, these reforms sustain and expand the efforts of small businesses in adding stability to our energy markets. This will be accomplished by reducing energy usage, encouraging conservation and limiting greenhouse gas emissions. The bill before us shows that meeting the needs of our environment doesn't mean we cannot meet the needs of our economy.”