Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request (April 9, 2021)
Summary
This April 9, 2021 statement from House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) follows President Joe Biden's release of a $1.5 trillion proposal for discretionary spending in fiscal year 2022. Velázquez says the proposal reflects the administration's commitment to small firms by increasing SBA funding by 9.4% compared to 2021 funding levels. The statement says the budget request emphasizes investment in underserved entrepreneurs, and Velázquez says the pandemic has devastated minority, women-owned, and rural small businesses.
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“Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request (April 9, 2021).”
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Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request Source(print): https://democrats-smallbusiness.house.gov/news/documentprint.aspx?DocumentID=3630 Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request democrats-smallbusiness.house.gov Cmte Small Business (D) Contact: Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request Washington , April 9, 2021 - Washington, D.C.— Today, House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) issued the following statement after President Joe Biden released his $1.5 trillion proposal for discretionary spending in fiscal year 2022: “President Biden’s first budget request to Congress is a welcome change following years of senseless proposed cuts to the SBA under the Trump administration. Sparking an equitable small business recovery is a priority for the Biden administration. This proposal reflects the administration’s commitment to our nation’s small firms by increasing SBA funding by 9.4% compared to 2021 funding levels. This proposed budget will provide Congress with a blueprint to achieve that goal. “I am especially pleased to see that the budget request emphasizes investment in underserved entrepreneurs. The pandemic has devastated minority, women-owned, and rural small businesses. To build the small business economy back better, we must ensure that these entrepreneurs aren’t left behind. I look forward to working with my colleagues in Congress to ensure that small businesses have the federal resources they need to make a full recovery.” ###
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