Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request
Summary
A statement dated April 9, 2021 from Washington, D.C., in which House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) responds to President Joe Biden's $1.5 trillion proposal for discretionary spending in fiscal year 2022. She calls the request a welcome change after proposed cuts to the SBA under the Trump administration. The statement says the proposal increases SBA funding by 9.4% compared to 2021 funding levels. Velázquez says she is pleased the request emphasizes investment in underserved entrepreneurs, and states that the pandemic has devastated minority, women-owned and rural small businesses. She says she will work with colleagues in Congress on federal resources for small business recovery.
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“Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request.”
Original at democrats-smallbusiness.house.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/committee-30692fd82adbc27b/
, SHA-256 3879f838daf117fe7ab9f5e804961b37f5518031557fd7962776fea3f8e6e6b0.Full text
Chairwoman Velázquez on President Biden’s FY22 Discretionary Funding Request 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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