Sean Duffy: “I appreciate the comments by Chairman Chabot, and I would just note that I know his committee hasn't had oversight…”

“I appreciate the comments by Chairman Chabot, and I would just note that I know his committee hasn't had oversight hearings on this issue. The GAO has done extensive studies, and the Small Business Administration has not implemented those recommendations. I think the most salient recommendations made by the GAO have been included in this bill and go a long way to improving the program, but if we are going to fix Puerto Rico, debt restructuring is imperative. This oversight board is key, but we need economic growth. And I think this is the right downpayment to help kick-start some economic growth on the island, that the people in Puerto Rico know that we understand that. And we are taking one small step today to show that we are going to help them get from that 20 percent cap to allow 80 percent of the island to access this HUBZone program because we care about growth, we care about opportunity, and we care about jobs on the island. Mr. Chair, I yield back the balance of my time.”