Committee's Budget Views and Estimates for Fiscal Year 2021 (House Small Business Committee hearing, March 4, 2020)
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Transcript of the House Committee on Small Business meeting Committee's Budget Views and Estimates for Fiscal Year 2021, convened March 4, 2020 during the 116th Congress, Second Session, published as Small Business Committee Document Number 116-077 (GPO 39-947). Chairwoman Nydia Velázquez presided with Ranking Member Steve Chabot to consider the committee's fiscal year 2021 budget priorities and expectations for the Small Business Administration's core counseling, financing and federal contracting programs. In her opening remarks, Chairwoman Velázquez noted that the coronavirus outbreak had triggered the worst stock market losses since the 2008 Financial Crisis, supply chain disruptions and falling consumer confidence.
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“Committee's Budget Views and Estimates for Fiscal Year 2021 (House Small Business Committee hearing, March 4, 2020).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/committee-s-budget-views-and-estimates-for-fiscal-year-2021-house-smal-4d7c802f10/
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COMMITTEE’S BUDGET VIEWS AND ESTIMATES
FOR FISCAL YEAR 2021
HEARING
BEFORE THE
COMMITTEE ON SMALL BUSINESS
UNITED STATES
HOUSE OF REPRESENTATIVES
ONE HUNDRED SIXTEENTH CONGRESS
SECOND SESSION
HEARING HELD
MARCH 4, 2020
Small Business Committee Document Number 116–077
Available via the GPO Website: www.govinfo.gov
U.S. GOVERNMENT PUBLISHING OFFICE
39–947 WASHINGTON : 2020
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HOUSE COMMITTEE ON SMALL BUSINESS
NYDIA VELÁZQUEZ, New York, Chairwoman
ABBY FINKENAUER, Iowa
JARED GOLDEN, Maine
ANDY KIM, New Jersey
JASON CROW, Colorado
SHARICE DAVIDS, Kansas
JUDY CHU, California
MARC VEASEY, Texas
DWIGHT EVANS, Pennsylvania
BRAD SCHNEIDER, Illinois
ADRIANO ESPAILLAT, New York
ANTONIO DELGADO, New York
CHRISSY HOULAHAN, Pennsylvania
ANGIE CRAIG, Minnesota
STEVE CHABOT, Ohio, Ranking Member
AUMUA AMATA COLEMAN RADEWAGEN, American Samoa, Vice Ranking Member
TROY BALDERSON, Ohio
KEVIN HERN, Oklahoma
JIM HAGEDORN, Minnesota
PETE STAUBER, Minnesota
TIM BURCHETT, Tennessee
ROSS SPANO, Florida
JOHN JOYCE, Pennsylvania
DAN BISHOP, North Carolina
MELISSA JUNG, Majority Staff Director
JUSTIN PELLETIER, Majority Deputy Staff Director and Chief Counsel
KEVIN FITZPATRICK, Staff Director
(II)
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CONTENTS
OPENING STATEMENTS
Page
Hon. Nydia Velázquez ............................................................................................. 1
Hon. Steve Chabot ................................................................................................... 2
APPENDIX
Additional Material for the Record:
Committee’s Views and Estimates .................................................................. 4
(III)
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COMMITTEE’S BUDGET VIEWS AND
ESTIMATES FOR FISCAL YEAR 2021
WEDNESDAY, MARCH 4, 2020
HOUSE OF REPRESENTATIVES,
COMMITTEE ON SMALL BUSINESS,
Washington, DC.
The Committee met, pursuant to call, at 11:19 p.m., in Room
2360, Rayburn House Office Building. Hon. Nydia Velázquez
[chairwoman of the Committee] presiding.
Present: Representatives Velázquez, Golden, Kim, Crow, Davids,
Chu, Evans, Schneider, Espaillat, Delgado, Houlahan, Chabot,
Balderson, Hern, Stauber, and Spano.
Chairwoman VELÁZQUEZ. Good morning. The Small Business
Committee will come to order.
Today’s order of business is to consider the views and estimates
of the Committee on Small Business for Fiscal Year 2021. These
resources are a critical first step in helping entrepreneurs launch
and grow their small businesses. The purpose of this meeting is to
set our priorities and expectations for fiscal year 2021 to ensure the
Small Business Administration has the funding necessary to mod-
ernize and strengthen its core programs on behalf of America’s en-
trepreneurs.
While the economy has appeared healthy, much uncertainty re-
mains now with the coronavirus outbreak. Just last week, the stock
market plunged, suffering some of the worst losses since the 2008
Financial Crisis. Small businesses throughout the country cur-
rently face looming supply chain disruptions while consumer con-
fidence is diminishing.
As the virus spreads, it has the potential to significantly dampen
global economic activity both here and abroad. With the threat to
the economy, more entrepreneurs and small business owners are
looking to the Small Business Administration and its many pro-
grams for help.
SBA core programs ensure small employers and aspiring entre-
preneurs have the counseling, financing, and access to the federal
marketplace they deserve. Ensuring this program has robust levels
of funding is operating effectively are a top priority for the Com-
mittee.
Today’s views and estimates reiterate the Committee’s long-
standing position to prioritize core programs like the Small Busi-
ness Development Centers and the 7(a) Loan Program, rather than
expending critical funding on untested agency-initiated programs.
To that end, the views and estimates, proposals, reports, increase
levels of funding for the entrepreneurial development programs
(1)
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which provide free or low-cost counseling and training to nearly 1
million entrepreneurs each year.
The Committee enacted bipartisan legislation last year to mod-
ernize the programs and maximize their effectiveness. Fully fund-
ing SBA’s entrepreneurial development programs will strengthen
the SBA’s ecosystem and allow SBA to provide valuable counseling
and training to more small businesses. We must also ensure Main
Street businesses have access to affordable capital which plays a
vital role in their success. Affordable capital is the key to unlocking
opportunities to grow and create new jobs in the local economy, and
this proposal provides the resources and funding levels to do just
that.
Finally, we have to work together to level the playing field in
federal procurement opportunities for socially and economically dis-
advantaged business owners. We can achieve this through a great-
er emphasis on hiring more contracting personnel and providing
them with adequate training in order to effectively assist small
contractors competing in the $500 billion federal marketplace.
The views and estimates we are proposing will breathe new life
into the SBA. More importantly, it will provide tangible benefits to
small businesses and make sure taxpayers get a positive return on
their investment.
At this point, I will yield to the Ranking Member, Mr. Chabot,
for any comments he may have on the Committee’s views and esti-
mates.
Mr. CHABOT. I want to first thank Chairwoman Velázquez and
her staff for again working in a bipartisan manner on the Commit-
tee’s budget views and estimates on the Small Business Adminis-
tration’s fiscal year 2021 Budget. I appreciate her willingness to
work collegially as we meet our responsibilities to America’s small
businesses.
The SBA and its programs can be essential to helping small
firms expand, create jobs, and grow our economy. The SBA helps
many small businesses to access capital, provides counseling and
training, and links entrepreneurs with mentors. In this committee,
it is our responsibility to provide our views and estimates to the
Committee on the budget to ensure that the SBA’s programs are
working efficiently and effectively on behalf of all small businesses
all across this Nation. We must insist that the programs are trans-
parent and make the best use of taxpayer dollars.
Every small business starts as an idea. America is a Nation of
creators and investors and risk-takers. Our economy was struc-
tured to be driven by entrepreneurs, and in fact, most net new job
growth is from startups and new businesses. In fact, about 70 per-
cent of the new jobs created in the American economy are created
by America’s small businesses.
We are fortunate to have the SBA’s new administrator, Jovita
Carranza, to lead the agency into the future. She has a distin-
guished record both in the private sector, as well as having been
the deputy SBA administrator under President George W. Bush.
We look forward to seeing her vision in action.
The Chairwoman and I very often agree, but there are times
when we do not fully agree. And thus, even though I will be voting
for the Committee’s budget views and estimates, I will also be of-
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fering a motion later to submit additional views and estimates from
the minority members of this Committee.
And again, I want to thank the Chairwoman for working in a bi-
partisan manner with us, both staff working together very well.
And I yield back.
Chairwoman VELÁZQUEZ. The gentleman yields back. I thank
him for his remarks.
Are there any other Members who wish to be recognized for a
statement on the views and estimates of the Committee for fiscal
year 2021?
Seeing no Members, the Committee now moves to consideration
of the views and estimates.
The clerk will read the title of the document.
The CLERK. Views and estimates of the Committee on Small
Business——
Chairwoman VELÁZQUEZ. I ask unanimous consent that the
views and estimates be considered as read and open for an amend-
ment in its entirety.
Does any Member seek recognition for the purpose of offering an
amendment?
Seeing no amendments, we will move on.
The question is on adopting the views and estimates on the pri-
orities of the Committee for fiscal year 2021.
All those in favor, say aye.
Those opposed, no.
In the opinion of the chair, the ayes have it.
The ayes have it, and the views and estimates are agreed to.
I will now recognize the Ranking Member for the purpose of
making a motion.
Mr. CHABOT. Thank you, Madam Chairwoman. And I would
move that the minority members of the Committee be permitted to
file additional views and estimates on the budget for fiscal year
2021.
Chairwoman VELÁZQUEZ. Without objection, so ordered.
Mr. CHABOT. Thank you.
Chairwoman VELÁZQUEZ. The Committee is authorized to
make technical and grammatical corrections to the views and esti-
mates.
We are adjourned and the Committee will stand in recess for a
few moments to prepare for the committee hearing. Thank you.
[Whereupon, at 11:26 a.m., the committee was adjourned.]
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APPENDIX
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Æ
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