Expressing Sense Of The House That American Small Businesses Are Entitled To A Small Business Bill Of Rights
Mr. Speaker, I thank the gentlewoman from New York (Ms. Velazquez) for yielding me this time. Mr. Speaker, I rise in opposition to H. Res. 22, the so-called Small Business Bill of Rights. There is nothing that is right about this…
Mr. Speaker, I thank the gentlewoman from New York (Ms. Velazquez) for yielding me this time.
Mr. Speaker, I rise in opposition to H. Res. 22, the so-called Small Business Bill of Rights. There is nothing that is right about this resolution since it does not recognize the right of small businesses to have access to capital that meets their needs.
Last night I offered an amendment to the Committee on Rules that recognized the right of small businesses to have access to capital; and I am extremely disappointed that, despite valiant efforts on the part of Democrats, this amendment was not made in order. Small businesses need the 7(a) loan program, the microloan program, and other SBA access to capital programs that help them maintain and expand their businesses.
My amendment would have also recognized the importance of the microloan program, which provides small loans to startups that are not served by traditional lenders. I know for a fact that access to capital programs are vitally important to small businesses in my district because when I held a small business roundtable meeting, access to capital was the number one issue each business brought forward as being an obstacle; and I know that this is the number one issue across the country.
Why are we not helping small businesses? They produce two-thirds to three-quarters of all the new jobs in this country, and they are the backbone of our economy. Unfortunately, many small businesses continue to face barriers to accessing the capital they need.
And I believe that Congress needs to take a stand today and strengthen these programs. It is time for Congress to go on the record in support of access to capital programs, like the microloan program, like the 7(a) loan program. Small businesses need more than just rhetoric and good intentions. They need action by this Congress.
So I urge my colleagues to oppose this resolution because it leaves out this critical priority.