Nydia M. Velazquez: “Mr. Speaker, our economy is constantly evolving and changing. For this Nation's 27 million small firms to be successful…”

“Mr. Speaker, our economy is constantly evolving and changing. For this Nation's 27 million small firms to be successful, our economic policies must be adjusted accordingly. While we have made great strides in this Congress to make sure the needs of small business owners are met, H.R. 3866 is the final step in reauthorizing small business assistance programs, ensuring the success and growth of small firms. Today, entrepreneurs are faced with many challenges. They must compete in a global marketplace, deal with rising energy and health care costs, and find ways to access affordable capital. To alleviate many of these burdens, we have passed initiatives in this Congress that provide the overall tools for entrepreneurial success. We have passed legislation that lowers the cost of loans and gives minorities greater access to SBA programs. Through H.R. 3567, SBA's investment programs were improved and a new source of equity capital was open to entrepreneurs through angel investment. Also, small business contracting programs has been modernized, accountability has been increased, and fraud has been reduced. This makes sure small firms have fair access to the Federal marketplace and allows them to continue growing their companies and creating jobs.”