Markup of: Budget Views and Estimates 2025 (House Small Business Committee hearing, February 14, 2024)

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The transcript of a Markup of: Budget Views and Estimates 2025 before the House Committee on Small Business, 118th Congress, second session, held February 14, 2024 (Small Business Committee Document Number 118-042). Chairman Roger Williams opens the markup by presenting the committee's views and estimates on its priorities for fiscal year 2025 and says the SBA faces a significant number of challenges. Ranking Member Nydia Velázquez also gives opening remarks. Seeing no amendments, the chair declares by voice vote that the views and estimates are agreed to, and members have until February 29 to submit supplemental dissenting and minority views.

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MARKUP OF: BUDGET VIEWS AND ESTIMATES
2025

HEARING
BEFORE THE

COMMITTEE ON SMALL BUSINESS
UNITED STATES
HOUSE OF REPRESENTATIVES
ONE HUNDRED EIGHTEENTH CONGRESS
SECOND SESSION

HEARING HELD
FEBRUARY 14, 2024

Small Business Committee Document Number 118–042
Available via the GPO Website: www.govinfo.gov

U.S. GOVERNMENT PUBLISHING OFFICE
54–879 WASHINGTON : 2024
HOUSE COMMITTEE ON SMALL BUSINESS
ROGER WILLIAMS, Texas, Chairman
BLAINE LUETKEMEYER, Missouri
PETE STAUBER, Minnesota
DAN MEUSER, Pennsylvania
BETH VAN DUYNE, Texas
MARIA SALAZAR, Florida
TRACEY MANN, Kansas
JAKE ELLZEY, Texas
MARC MOLINARO, New York
MARK ALFORD, Missouri
ELI CRANE, Arizona
AARON BEAN, Florida
WESLEY HUNT, Texas
NICK LALOTA, New York
CELESTE MALOY, Utah
NYDIA VELÁZQUEZ, New York, Ranking Member
JARED GOLDEN, Maine
KWEISI MFUME, Maryland
DEAN PHILLIPS, Minnesota
GREG LANDSMAN, Ohio
MARIE GLUESENKAMP PEREZ, Washington
SHRI THANEDAR, Michigan
MORGAN MCGARVEY, Kentucky
HILLARY SCHOLTEN, Michigan
JUDY CHU, California
SHARICE DAVIDS, Kansas
CHRIS PAPPAS, New Hampshire

BEN JOHNSON, Majority Staff Director
MELISSA JUNG, Minority Staff Director

(II)
CONTENTS
OPENING STATEMENTS
Page
Hon. Roger Williams ................................................................................................ 1
Hon. Nydia Velázquez ............................................................................................. 2

APPENDIX
Additional Material for the Record:
FY 2025 Budget Views and Estimates ........................................................... 4
Minority Views .................................................................................................. 13

(III)
MARKUP OF: BUDGET VIEWS AND ESTIMATES
2025

WEDNESDAY, FEBRUARY 14, 2024

HOUSE OF REPRESENTATIVES,
COMMITTEE ON SMALL BUSINESS,
Washington, DC.
The Committee met, pursuant to call, at 9:54 a.m., in Room
2360, Rayburn House Office Building, Hon. Roger Williams [chair-
man of the Committee] presiding.
Present: Representatives Williams, Luetkemeyer, Stauber,
Meuser, Van Duyne, Salazar, Mann, Ellzey, Molinaro, Alford,
Crane, Bean, Hunt, LaLota, Maloy, Velázquez, Golden, Mfume,
Phillips, Landman, McGarvey, Gluesenkamp Perez, Scholten,
Thanedar, Chu, Davids, and Pappas.
Chairman WILLIAMS. Before we get started, I want to recognize
Congresswoman Maloy from the great State of Utah to say the
Pledge of Allegiance and a short prayer.
Ms. MALOY. Prayer first. Our Father in heaven, we thank thee
for the opportunity we have to [audio malfunction].
Please rise for the Pledge. I pledge allegiance to the flag of the
United States of America. And to the Republic for which it stands,
one nation under God, indivisible, with liberty and justice for all.
Chairman WILLIAMS. Good morning. This Committee will come
together in order. Without objection, the Chair is authorized to de-
clare a recess of the Committee at any time.
Today’s first order of business is to consider the views and esti-
mates on the priorities of the Committee on Small Business for fis-
cal year 2025. Then we will briefly adjourn to reset the room for
a full Committee hearing, which will take place immediately fol-
lowing this meeting.
I now recognize myself for an opening statement.
It is no secret to anyone that small businesses are the engines
of our economy, and we rely on them heavily. In my opinion, a key
component of the American dream is the ability to start your own
business, to take a risk, work hard, and be rewarded for that hard
work. It is this Committee’s job to ensure the SBA’s programs are
working efficiently and effectively to the benefit of all of our small
businesses, and to ensure there is a positive ROI, return on invest-
ment, for the American taxpayer.
The budget views and estimates presented today for this upcom-
ing fiscal year note the SBA faces a significant number of chal-
lenges. We as a Committee commit to conducting oversight over
systematic failures in the SBA and to promote legislative change
(1)
2

that will ensure small businesses have access to the capital assist-
ance they need to succeed.
With that, I yield to distinguished Ranking Member, Ms.
Velázquez, for 5 minutes for any remarks she may wish to make
on the budget views and estimates.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman, for holding this
markup today on the Committee’s views and estimates of the Small
Business Administration.
Our nation’s 33 million small businesses are the heart and soul
of our nation. They employ 46 percent of our nation’s workers, cre-
ating good paying jobs in our communities. They get more money
circulating the local economy, lifting up neighborhoods, res-
taurants, and retail shops. And they increase the tax base, leading
to community improvements, like better schools, roads, and
greenspaces. But more work needs to be done, and I am committed
to working with Chairman Williams to make important budgetary
decisions for the SBA programs.
The submission of this document to the Budget Committee is an
important aspect of the Committee’s work, and I am sure my col-
leagues will agree that it would have been better to wait until we
pass a full and complete budget for our current fiscal year of 2024.
It would also be incredibly helpful to wait for the President to sub-
mit his proposed budget for fiscal year 2025, so we can appro-
priately react to those requests. Having the agency’s up to date in-
formation and projections would enhance our recommendations to
the Budget Committee.
While not ideal timing, I appreciate the bipartisanship to find
agreement on improving programs and oversight at the Small Busi-
ness Administration. We agree with much of the majority’s views.
For example, recommending that SBA take steps to improve its
capital access, procurement, and entrepreneurial development pro-
grams is prudent governance. federal funding for SBA’s entrepre-
neurial development programs to provide free or low-cost coun-
seling and training to more than a million entrepreneurs each year
is an area we both remain committed to. I look forward to working
with the Chairman to reauthorize this program.
We also agree that SBA procurement programs maximize small
business participation in the federal marketplace, which in turn
boosts competition, lower prices, and expands our nation’s supplier
base. Robust funding is imperative if we want to provide this pro-
gram with the personnel and resources needed to adequately meet
their intent.
Despite much consensus, there are still areas we differ, which is
perfectly normal. For instance, it is a Democratic priority to do
more to provide working families and entrepreneurs with resources
like childcare, give second chances to returning citizens who were
previously incarcerated, and provide robust oversight funding to
our OIG to ensure we are holding fraudsters accountable.
And finally, we do not dispute that agencies need to follow the
process to reduce regulatory burdens for small firms, but we oppose
a blanket rejection of regulations that safeguard health, safety, and
environment. Instead, we must proceed with thoughtful delibera-
tion to tailor regulation for small businesses and provide compli-
ance assistance.
3

I thank the Chairman again for holding this markup and look
forward to working together in a bipartisan way to further foster
entrepreneurship. Thank you, and I yield back.
Chairman WILLIAMS. The lady yields back. And are there any
other Members who wish to be recognized for a statement on the
views and estimates on the priorities of the Committee for fiscal
year 2025?
Seeing none, the Committee now moves to consideration of the
views and estimates. A copy of the proposed views and estimates
has been distributed to Members in advance. Without objection, the
views and estimates are considered read and open for amendment.
Does any Member seek recognition for the purpose of offering an
amendment?
Seeing no amendments, the question is on adopting the views
and estimates on the priorities on the Committee for fiscal year
2025.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it, and the views and
estimates are agreed to.
If there is no further business, this concludes today’s markup.
Without objection, the staff is authorized to make technical and
confirming changes, and Members have until February 29 to sub-
mit the additional supplemental dissenting and minority views.
I would like to thank everyone for participating today. Without
objection, the Committee stands adjourned.
Members, please stay seated. We will bring in the witnesses for
today’s hearing, which will start momentarily.
[Whereupon, at 10:00 a.m., the Committee was adjourned.]
4

APPENDIX
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