On the recordJuly 27, 2015
To close. Mr. Speaker, I again want to thank the gentlewoman from New York (Ms. Velazquez), our ranking member on the Small Business Committee, for her cooperation and her hard work in making sure that we resolve this sticky issue and that small businesses across the country who need access to capital will get that access. So I definitely want to make sure that it is recognized that we have been working on this in a bipartisan and cooperative effort. I again want to stress that it is critical that we pass H.R. 2499 today for the benefit of both our veterans and also the benefit of the entire small business community, which right now is unable to obtain loans from the flagship SBA 7(a) lending program since last Friday. I would also note that there are reforms in this bill so that the SBA has to bring notice to Congress to let us know up front next time and not wait until the eleventh hour to notify Congress that they are in trouble. Hopefully, this will resolve this so that we don't see this in the future, that we will get notification on a fairly regular basis and not put the elected representatives of the American people in this kind of dilemma where we have to act at the last minute and that we basically put small businesses all across the country in jeopardy of not having access to loans.…





