For members of the subcommittee of Congress to be here doing the job for a financial institution is completely wrong. This amendment will address a Hispanic woman who goes shopping around to make a loan and is being denied a loan by commercial banks. Unless we have a loan guarantee, and my colleagues know that we hear time and time again about minority businesses, women-owned businesses who are denied loans through traditional financial institutions, this amendment helps those people who are trying to set up their businesses or expand their businesses.
Nydia M. Velazquez: “For members of the subcommittee of Congress to be here doing the job for a financial institution is completely wrong.…”
On the recordJuly 7, 2004
Source
govinfo.govEditor's note · Context
Discussing an amendment to support minority and women-owned businesses in accessing loans.
Share
More from Nydia M. Velazquez
Jan 20, 2026
I commend Ms. Scholten and Mr. Downing for their dedication to our Nation's innovative small enterprises, and I urge my colleagues to support H.R. 5784.
Feb 24, 2025
I appreciate the work of my colleagues on this bill, and I urge its adoption. I yield back the balance of my time.
Feb 24, 2025
I urge my colleagues to vote ``yes'' on H.R. 832, and I yield back the balance of my time.
May 19, 2026
Finally, let me say that this bill is a much-needed first step. It is not the entire answer. We must all recognize that we still need substantial monetary investments in housing programs to ensure effective development and reconstruction…





