The lion's share of benefits from the Republican tax bill will flaw disproportionately to the largest corporations and the very wealthy.
Nydia Velázquez
The Public Record
Nydia Velázquez is a U.S. Representative for New York's 7th congressional district, serving since 1993. A member of the Democratic Party, she is notable for being the first Puerto Rican woman elected to Congress. Throughout her tenure, Velázquez has focused on issues such as economic development, small business support, and immigration reform. She has been an advocate for transparency and accountability in federal agencies, particularly in relation to immigration enforcement practices.
Earlier today, I told Mr. Marcus that this is not Silicon Valley and that all problems with the Libra and the association need to be worked out before the launch date.
We want to make sure that companies that do not fall into the normal bucket of regulatory authority could not threaten the U.S. financial system.
I am also concerned about the lack of diversity in Facebook's upper ranks, and I fear that if these plans go forward, women and minorities, and women- and minority-owned businesses may be excluded from participating fully.
Facebook remains under a 2011 consent order from the Federal Trade Commission for deceiving consumers and failing to keep consumer data private.
Ultimately, if Facebook's plans come to fruition, the company and its partners will yield immense economic power that could destabilize currencies and governments.
I have serious concerns with Facebook's plans to create a digital currency and digital wallet and its effort to enlist partners that expand its reach, like MasterCard, PayPal, Visa, Uber, Lyft, and Spotify.
Will you commit yourself to not launch Libra before all the concerns from the Federal Reserve and all the regulators are addressed?
So do you think a member's withdrawal could threaten the value of the Libra currency?
We do not want to stifle innovation, but we do have a healthy dose of skepticism.
There are a lot of questions about this project. It is big and very bold. Some would say it is too bold.
We are also providing stability for that business to ensure that they can remain competitive rather than immediately penalized by the death of the service-disabled veteran business owner.
This bipartisan legislation will make it easier for the veteran-owned businesses to do business with the government.
The problem with the two certification processes is simple; it creates confusion for business owners and contracting officers alike.
This bill harmonizes the two conflicting contracting programs by eliminating the VA certification and transferring it to the SBA.
I am proud to be an original cosponsor of the VA-SBA Act which will harmonize both programs under the SBA.
It is important the message that we are sending today to our disabled veterans and reservists, that we are not checking a box.
It is important that we provide certainty to this program, and that is exactly what this bill does by codifying the program for 5 years.
I commend the gentleman from Illinois, Mr. Schneider, and the gentleman from Florida, Mr. Spano, for their leadership on this bill and for working hard to increase business opportunities for our Nation's heroes.
The Federal Government is in a unique position to support veteran-owned businesses.
I am committed to reviewing the Small Business Administration's veteran-focused programs.
Today, actually, I am working with some of my colleagues to introduce the Relief for Defrauded Students Act of 2019.
Veteran-owned small businesses and entrepreneurs play a key role in strengthening our economy and creating jobs.





