I would like to see language that defines essential services in a way so that we don't have this situation where extra money is going to the bondholders in the first years while we are still trying to recover from the hurricane.
Velazquez advocates for clearer definitions to protect recovery funds from bondholders.
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Congress recognized these firms as a top priority and knew that there would be no recovery without a robust small business economy.
More work needs to be done, and I am committed to working with Chairman Williams to make important budgetary decisions for SBA programs.
It would be a travesty to hard-working families in New York City and other places who are facing an affordable housing crisis to lose on this one.
Representative Schneider has been a long-time champion of this bill which codifies the SBA's Boots to Business program.
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