Markup of H.R. 5763, H.R. 5788 and Other Bills (House Small Business Committee hearing, November 18, 2025)
Summary
Transcript of the November 18, 2025 House Small Business Committee markup, Small Business Committee Document Number 119-022, of seven bills. They include H.R. 5763, the Main Street Parity Act, H.R. 5788, the 504 Program Risk Oversight Act, H.R. 3496 on Northern Mariana Islands small business access, two artificial intelligence bills (H.R. 5764 and H.R. 5784), H.R. 5778 on employee ownership and H.R. 4305, the DUMP Red Tape Act of 2025. Chairman Roger Williams and Ranking Member Nydia Velázquez opened. The appendix carries substitutes, amendments by Mr. Cisneros and Ms. Scholten, electronic vote results and letters from OpenAI, INTUIT and the Coalition for Sensible Safeguards.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Markup of H.R. 5763, H.R. 5788 and Other Bills (House Small Business Committee hearing, November 18, 2025).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/markup-of-h-r-5763-h-r-5788-and-other-bills-house-small-business-commi-f641fc8982/
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MARKUP OF: H.R. 5763, MAIN STREET PARITY
ACT; H.R. 5788, 504 PROGRAM RISK OVER-
SIGHT ACT; H.R. 3496, NORTHERN MARIANA
ISLANDS SMALL BUSINESS ACCESS ACT; H.R.
5764, AI FOR MAINSTREET ACT; H.R. 5784,
ARTIFICIAL INTELLIGENCE WISDOM FOR INNO-
VATIVE SMALL ENTERPRISES (AI-WISE) ACT;
H.R. 5778, IMPROVING SBA ENGAGEMENT ON
EMPLOYEE OWNERSHIP ACT; H.R. 4305, DE-
STROYING UNNECESSARY, MISALIGNED, AND
PROHIBITIVE (DUMP) RED TAPE ACT OF 2025
HEARING
BEFORE THE
COMMITTEE ON SMALL BUSINESS
UNITED STATES
HOUSE OF REPRESENTATIVES
ONE HUNDRED NINETEENTH CONGRESS
FIRST SESSION
HEARING HELD
NOVEMBER 18, 2025
Small Business Committee Document Number 119–022
Available via the GPO Website: www.govinfo.gov
U.S. GOVERNMENT PUBLISHING OFFICE
62–202 WASHINGTON : 2026
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HOUSE COMMITTEE ON SMALL BUSINESS
ROGER WILLIAMS, Texas, Chairman
PETE STAUBER, Minnesota
DAN MEUSER, Pennsylvania
BETH VAN DUYNE, Texas
JAKE ELLZEY, Texas
MARK ALFORD, Missouri
NICK LALOTA, New York
BRAD FINSTAD, Minnesota
TONY WIED, Wisconsin
ROB BRESNAHAN, Pennsylvania
BRIAN JACK, Georgia
TROY DOWNING, Montana
KIMBERLYN KING-HINDS, Northern Marina Islands
DEREK SCHMIDT, Kansas
JIMMY PATRONIS, Florida
NYDIA VELÁZQUEZ, New York, Ranking Member
MORGAN MCGARVEY, Kentucky
HILLARY SCHOLTEN, Michigan
LAMONICA MCIVER, New Jersey
GIL CISNEROS, California
KELLY MORRISON, Minnesota
GEORGE LATIMER, New York
DEREK TRAN, California
LATEEFAH SIMON, California
JOHNNY OLSZEWSKI, Maryland
HERB CONAWAY, New Jersey
MAGGIE GOODLANDER, New Hampshire
LAUREN HOLMES, Majority Staff Director
MELISSA JUNG, Minority Staff Director
(II)
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CONTENTS
OPENING STATEMENTS
Page
Hon. Roger Williams ................................................................................................ 1
Hon. Nydia Velázquez ............................................................................................. 3
APPENDIX
Additional Material for the Record:
Text of Legislation:
H.R. 5763 - Main Street Parity Act ................................................................ 32
H.R. 5788 - 504 Program Risk Oversight Act ................................................ 34
H.R. 3496 - Northern Mariana Islands Small Business Access Act ............. 39
H.R. 5764 - AI for Main Street Act ................................................................. 41
H.R. 5784 - Artificial Intelligence Wisdom for Innovative Small Enter-
prises (AI-WISE) Act .................................................................................... 44
H.R. 5778 - Improving SBA Engagement on Employee Ownership Act ...... 53
H.R. 4305 - Destroying Unnecessary, Misaligned, and Prohibitive
(DUMP) Red Tape Act of 2025 ..................................................................... 56
Amendments:
ANS to H.R. 3496, offered by Ms. King-Hinds ............................................... 59
ANS to H.R. 5764, offered by Mr. Alford ........................................................ 61
ANS to H.R. 4305, offered by Mr. Wied .......................................................... 64
Amendment #1 to the ANS to H.R. 4305 offered by Mr. Cisneros ............... 68
Amendment #1 to the ANS to H.R. 4305 offered by Ms. Scholten ............... 73
Support Documents:
E-Vote Results .................................................................................................. 74
OpenAI Letter ................................................................................................... 83
INTUIT Letter .................................................................................................. 85
Coalition for Sensible Safeguards (CSS) Letter ............................................. 87
National Association of Development Companies (NADCO) - H.R. 5763
Letter ............................................................................................................. 89
National Association of Development Companies (NADCO) - H.R. 5788
Letter ............................................................................................................. 90
The National Cooperative Business Association (NCBA) Letter .................. 91
Small Business & Entrepreneurship Council (SBE) - H.R. 5764 Letter ..... 93
Small Business & Entrepreneurship Council (SBE) - H.R. 4305 Letter ..... 94
Small Business & Entrepreneurship Council (SBE) - H.R. 5763 Letter ..... 95
Votes:
H.R. 3496 - ANS offered by Ms. King-Hinds agreed to by voice .................. 96
H.R. 5764 - ANS offered by Mr. Alford agreed to by voice ........................... 97
H.R. 4305 - ANS offered by Mr. Wied agreed to by voice ............................. 98
H.R. 5763 - Main Street Parity Act Ordered to be reported by the Yeas
and Nays: 27-0 .............................................................................................. 99
H.R. 5788 - 504 Program Risk Oversight Act Ordered to be reported
by the Yeas and Nays: 27-0 ......................................................................... 100
H.R. 3496 - Northern Mariana Islands Small Business Access Act (As
Amended) Ordered to be reported by the Yeas and Nays: 27-0 ................ 101
H.R. 5764 - AI for Main Street Act (As Amended) Ordered to be reported
by the Yeas and Nays: 27-0 ......................................................................... 102
H.R. 5784 - Artificial Intelligence Wisdom for Innovative Small Enter-
prises (AI-WISE) Act Ordered to be reported by the Yeas and Nays:
27-0 ................................................................................................................. 103
H.R. 5778 - Improving SBA Engagement on Employee Ownership Act
Ordered to be reported by the Yeas and Nays: 27-0 .................................. 104
Amendment #1 to the ANS to H.R. 4305 offered by Mr. Cisneros Ordered
to be reported by the Yeas and Nays: 12-15 ............................................... 105
Amendment #1 to the ANS to H.R. 4305 offered by Ms. Scholten Ordered
to be reported by the Yeas and Nays: 12-15 ............................................... 106
(III)
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IV
Page
Votes—Continued
H.R. 4305 - Destroying Unnecessary, Misaligned, and Prohibitive
(DUMP) Red Tape Act of 2025 (As Amended) Ordered to be reported
by the Yeas and Nays: 18-9 ......................................................................... 107
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MARKUP OF: H.R. 5763, MAIN STREET PARITY
ACT; H.R. 5788, 504 PROGRAM RISK OVER-
SIGHT ACT; H.R. 3496, NORTHERN MARIANA
ISLANDS SMALL BUSINESS ACCESS ACT;
H.R. 5764, AI FOR MAINSTREET ACT; H.R.
5784, ARTIFICIAL INTELLIGENCE WISDOM
FOR INNOVATIVE SMALL ENTERPRISES (AI-
WISE) ACT; H.R. 5778, IMPROVING SBA EN-
GAGEMENT ON EMPLOYEE OWNERSHIP
ACT; H.R. 4305, DESTROYING UNNECESSARY,
MISALIGNED, AND PROHIBITIVE (DUMP)
RED TAPE ACT OF 2025
TUESDAY, NOVEMBER 18, 2025
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, Stauber, Meuser, Van Duyne,
Ellzey, Alford, LaLota, Finstad, Wied, Bresnahan, Jack, Downing,
King-Hinds, Schmidt, Patronis, Velázquez, McGarvey, Scholten,
McIver, Cisneros, Morrison, Latimer, Tran, Simon, Conaway, and
Goodlander.
Chairman WILLIAMS. Before we get started, I want to recognize
Representative Meuser from the great state of Pennsylvania to lead
us in the Pledge of Allegiance and a short prayer.
Mr. MEUSER. Will you please stand and bow your heads? Dear
God, we appreciate this day bringing us together back here in
Washington, doing the best work we can for a great nation. And
we thank you for helping be creative. Give us the wisdom. We ask
for this often, but please give it to us to focus on the greater good,
to truly put you and country ahead of self.
And there is a biblical verse that is known as blessed are the
meek for they will inherit the Earth. The meek, of course, are those
that are humble, have humility, and appreciate the people and the
world around them most. They will inherit the Earth. Allow us to
follow this line from Scripture.
In the name of the Father, Son, and the Holy Ghost, God be with
you. Thank you. Amen.
(1)
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We will now do the pledge.
ALL. 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. The Committee will now come to order
and a quorum is present. Without objection, the Chair is author-
ized to declare a recess of the Committee at any time.
As required by the House rules, a copy of the legislative meas-
ures have been made available to Members and the public at least
24 hours in advance. Without objection, the Committee will vote
electronically in accordance with the Committee rules and regula-
tions developed by the House Committees on Rules and Adminis-
tration.
I now recognize myself for opening remarks.
Today we will mark up seven important bills that support small
business across the country. These bills reflect the commitment to
equipping entrepreneurs with the tools they need to innovate,
grow, and compete in our ever-evolving economy. From the expand-
ing access to artificial intelligence resources, strengthening over-
sight, removing outdated barriers to capital, and tackling burden-
some regulations, each of these bills will support Main Street
America in a meaningful way.
As Chairman, I am proud of the network—or proud of the work
being done in this Committee to support the administration’s ef-
forts and ensure that small businesses remain at the forefront of
the American economy. These bills represent the Committee’s bi-
partisan commitment to fostering an environment where small
businesses can grow, innovate, and invest in their communities.
Several of the bills we are considering today focus on the trans-
formative role of artificial intelligence and ensure that small busi-
nesses have access to resources and training to help them utilize
AI. Our bills today will also bring greater accountability and over-
sight of the SBA 504 loan program and improve access to SBA
lending by all types of industries. We will also consider a bill that
would finally bring SBA microlending to the Commonwealth of the
Northern Mariana Islands.
I appreciate the Ranking Member and the Committee staff who
have supported the Committee’s effort over the years on this issue.
Another bill will require the SBA to implement requirements for
the fiscal year 2019 NDAA to provide information and outreach
about employee ownership for small businesses. And finally, we
will consider a bill that empowers small businesses to report bur-
densome regulations by codifying the SBA Office of Advocacy’s Red
Tape Hotline.
I am proud of the continued bipartisan efforts that have resulted
in today’s markup. These efforts have led to the passage of 18
small business bills out of the House this year, which now await
Senate consideration. I look forward to working with my colleagues
so we can continue to pass meaningful legislation that empowers
small businesses and strengthens our communities.
Now, with that, I look forward to today’s markup and I yield to
the distinguished Member and my friend, the Ranking Member
from New York, Ms. Velázquez, for her opening remarks.
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Ms. VELÁZQUEZ. Thank you, Mr. Chairman, for convening this
markup today.
As we consider legislation to shape the future of small businesses
across the country, it is important to address both the opportuni-
ties and challenges facing small businesses today. I plan to lend my
support to the six bipartisan bills under consideration and I will
lay out my concerns with the last bill. And I appreciate the Chair-
man’s efforts to mark up a fair ratio of Republican and Democratic
bills. I am encouraged to see us working together on commonsense,
bipartisan bills that provide more opportunity for small businesses
because expanding opportunities shouldn’t be a partisan issue.
With that said, we need the SBA to be a more accountable part-
ner. Ignoring congressional oversight letters and requests for meet-
ings undermines trust. It needs to change and my hope is that you
will join me in ensuring the agency is more responsive to this Com-
mittee.
And I am hopeful we can work together on issues that really
matter: lowering costs for small businesses. These critical employ-
ers who account for a large portion of jobs in this country are not
hiring because they are grappling with inflation and escalating
costs. According to the Center for American Progress analysis,
more than 5 million self-employed small business owners have
health insurance coverage through the ACA. We cannot allow these
tax credits to expire, causing premiums to double for millions of
Americans. And our ranchers and farmers are reeling from deci-
sions on tariffs and beef purchases that have been unilaterally
made by this administration. I urge you to schedule a hearing so
we can hear directly from small businesses about these important
issues.
Thank you again, Mr. Williams, and I look forward to a produc-
tive markup. I yield back.
Chairman WILLIAMS. The lady yields back. And does any other
Member seek recognition for the purpose of making an opening
statement?
Okay. Seeing none, we will now move to consideration of the first
bill.
H.R. 5763
The Committee now moves to consideration of H.R. 5763, the
Main Street Parity Act, introduced by Chairman, myself, and Rep-
resentative Simon. The clerk will report the bill.
The CLERK. H.R. 5763, a bill to amend the Small Business——
Chairman WILLIAMS. Without objection, H.R. 5763 is consid-
ered as read and open for amendment.
I now recognize myself for a statement on the bill.
Most small business owners applying for 504 loans must con-
tribute 10 percent as a form of down payment. However, if their
loan involves a limited purpose property, such as bowling alley,
dairy farm, or doctor’s office, they must contribute an extra 5 per-
cent, a total of 15 percent down. And everyday businesses on main
street like these are unfairly burdened with this extra equity re-
quirement that is based on outdated, inaccurate assumptions that
these kinds of businesses pose a greater risk to the program. So
most of the loans in these affected industries, like bowling alleys,
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hospitals, and wineries, perform better on average than the entire
504 portfolio.
So this bill will remove unnecessary burdens for entrepreneurs
who are seeking loans for these special purpose buildings and will
put them on equal footing with their peers. This change will sup-
port the countless small businesses at the center of our commu-
nities and drive the economy. And it is time to bring parity back
to main street.
So I urge my colleagues to vote yes on H.R. 5763. And I yield
back.
And I now recognize the bill’s cosponsor, Representative Simon
from the great state of California for her remarks.
Ms. SIMON. It is Simon. But I really like——
Chairman WILLIAMS. Simon.
Ms. SIMON. But I like Simone. It sounds a lot more dignified.
Chairman WILLIAMS. She is my friend. I was just checking her
out. Thank you.
Ms. SIMON. Simone gives it a little French flair. My family is
from Louisiana, sir.
Thank you so much. And it has been an honor to work with you
on this bill together, you and I, championing this bill and others.
It has been a real honor. And I want to thank our Ranking Mem-
ber Velázquez for really lifting up the freshman Members of this
Committee to ensure that we are a part of this legislative process
full scale.
The Main Street Parity Act is a simple way to support a broad
range of small businesses in this country, not just the ones with
standard commercial property. So right now, businesses in my dis-
trict and in districts across the country operate in what is called
a special purpose property and they are being penalized simply for
having unique construction or building needs. You referenced bowl-
ing alleys, and you are absolutely right. These include places, not
just bowling alleys, but car washes and marinas and funeral homes
and recreation centers. These are the kind of small businesses in
our community that serve local families, that create real jobs, and
keep our communities running.
The Main Street Parity Act lowers the equity requirement for
these borrowers to the same 10 percent required for everyone else.
This is definitely a commonsense bill that supports small business
owners throughout the country. This bill is a simple fix. It is non-
partisan and it really does what our constituents have asked us to
do, making small business work on main street in rural and in
urban communities throughout this country. It is about promoting
fair, inclusive economic growth and recognizing that opportunity
should not depend on something as small as the type of building
your business happens to own or run in.
I urge all of my colleagues today to support the Main Street Par-
ity Act and ensure fair capital access across all small business in-
dustries in our great nation.
Thank you, sir, and I yield back.
Chairman WILLIAMS. I thank Congressman Simon for that.
Are there any other Members who wish to be recognized for a
statement on the bill?
I now recognize the Ranking Member to speak on the bill.
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Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I support H.R.
5763. This bill makes important adjustments to improve SBA 504
CDC program. I applaud Chairman Williams and Representative
Simon for their leadership on this issue.
The 504 CDC program has long supported small businesses in
accessing capital for the development of major fixed assets, ensur-
ing that these businesses have the resources they need to be suc-
cessful and support thousands of jobs across the country. As part
of the 504 CDC program, loans are guaranteed for so-called special
use properties, like bowling alleys, car washes, and marinas. Since
the special use designation was created in 1996, businesses devel-
oping these properties have been required to pay a special use pen-
alty when accessing 504 CDC loans. The additional equity require-
ment was put in place by Congress because of the belief that these
special use properties will be challenging to repurpose, shrinking
the market pool of potential buyers and making them more difficult
to sell, thereby posing a higher risk to the SBA loan portfolio if one
of these businesses ever faced financial hardship and needed to be
sold.
However, in almost 30 years since the designation was created
and the penalty was put in place, many of these properties have
been successfully repurposed for alternative uses. More impor-
tantly, the shut-off rate since that time is substantially similar to
standard 504 CDC loans, demonstrating that this loan poses no
greater risk than standard loans. Therefore, it is time to remove
the special use penalty and lower the equity barrier these prop-
erties face when accessing capital through the 504 CDC program.
This bill reduces the minimum equity requirement for special use
property to at least 10 percent, in line with the requirement for
standard loans under the 504 CDC program. It also maintains the
discretionary authority to require higher equity requirements of
the borrower if the CDC so chooses.
I want to thank my Republican colleagues for their collaboration
on H.R. 5788, which we are also discussing, that increases the SBA
reporting requirements to Congress for 504 CDC loans, including
for special use properties, so that we can continue to monitor the
changes we are making in this bill in the future. This bill is sup-
ported by the National Association of Development Companies.
I urge my colleagues to support the bill and I yield back.
Chairman WILLIAMS. The gentlelady yields back.
And does anyone wish to offer an amendment?
Okay. Seeing none, the question now occurs on favorably report-
ing H.R. 5763.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it. H.R. 5763 is agreed
to.
Ms. KING-HINDS. Mr. Chairman, I would like to request a re-
corded vote.
Chairman WILLIAMS. A recorded vote has been requested. A
roll call vote is ordered. Pursuant to Committee rule 13 and House
rule XI, further proceedings on this bill are postponed.
H.R. 5788
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The Committee now moves to consideration of H.R. 5788, the 504
Program Risk Oversight Act, introduced by Representative Tran
and Patronis. The clerk will report the bill.
The CLERK. H.R. 5788, a bill——
Chairman WILLIAMS. Without objection, H.R. 5788 is consid-
ered as read and open for amendment.
I now recognize the bill’s sponsor, Representative Tran from the
great state of California for a statement on the bill.
Mr. TRAN. Thank you, Mr. Chairman, for the opportunity to dis-
cuss an essential piece of legislation today, the 504 Program Risk
Oversight Act. The 504 Program Risk Oversight Act would require
the SBA to conduct an annual risk assessment of the 504 CDC pro-
gram and provide Congress with a report containing the results by
December 1st each year.
The 504 Loan Program is SBA’s premier economic development
program providing low-cost, fixed-rate capital to help small busi-
nesses expand. Since its inception in 1986, the program has pro-
vided approximately 400 billion in total project financing and cre-
ated over 3.3 million jobs. In California, that translates to 95 bil-
lion in total capital and the creation of over 715,000 good paying
jobs.
The SBA’s 504 program is central to long-term business growth
and competitiveness for many small business owners. However, as
small business grow and take on larger and more complex projects,
I have heard from my constituents that the limitation in SBA’s 504
financing imposes unnecessary constraints on the organic and prof-
itable growth of their business. Many times I have heard that a
limitation they faced was when their financing needs were more
than what the SBA could lend due to the loan limits. That is why
I support increasing the maximum loan size for 504 to allow the
program to have a bigger impact and adjust the loan limits which
have not been changed since 2010. However, it is also important
to ensure program performance remains a top priority and the 504
program stays healthy for its long-term availability to small busi-
nesses.
Currently, SBA is not required to conduct an annual portfolio
risk analysis of the 504 program and provide Congress with a de-
tailed report containing the results. This bipartisan bill will ad-
dress the problem and help more Americans launch and grow small
businesses by improving oversight and risk assessment of the 504
program. Transparent data is the cornerstone of a productive part-
nership between the SBA, Congress, and the industry and the work
we do to modernize the 504 loan limit for all borrowers while keep-
ing the program healthy.
I am proud to lead this bill and I want to thank my colleague
Representative Jimmy Patronis for his partnership in co-leading
this important piece of legislation with me.
I urge my colleagues to support this important bipartisan bill.
Thank you and I yield back.
Chairman WILLIAMS. The gentleman yields back.
I now recognize Representative Patronis from the great state of
Florida for a statement on the bill.
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Mr. PATRONIS. Thank you, Mr. Chairman. I appreciate my col-
league Congressman Tran’s work on this good bill. I am pleased
also to be a original cosponsor on this legislation.
Transparency and responsible government is key to an effective
government. This bill is an example of just that. As a former CFO
of the State of Florida, I was responsible for overseeing the state’s
investments, especially in the retirement space. We must ensure
that the taxpayers’ dollars are being used effectively and not set on
fire. This bill will make sure that there is always risk analysis
being done on 504 program activities.
Thank you, Mr. Chairman, and I yield back.
Chairman WILLIAMS. The gentleman yields back.
Are there any of the Members who wish to be recognized for a
statement on the bill?
Seeing none, I would like to recognize the Ranking Member to
speak on the bill.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. Let me start off by
thanking Representatives Tran and Patronis for working together
on a bipartisan basis to introduce this important bill. Information
and transparency are central to ensuring the proper operation and
functioning of the SBA lending programs, including the 504 CDC
program. And this bill will help our Committee carry out our over-
sight responsibility.
For months I have investigated and warned about the rising de-
fault levels in the SBA other main lending program, the flagship
7(a) program. Federal law requires the SBA Office of Credit Risk
Management to conduct an annual portfolio risk analysis of the
7(a) program and provide Congress with a detailed report of the re-
sults. It is this report that has helped our Committee examine the
7(a) program’s rising defaults and tailor our actions accordingly.
The report provides detailed information on the program’s overall
risks set forth by industry concentration, risks created by indi-
vidual lenders, enforcement actions that have been taken, and
other important data points.
Unfortunately, a similar statutory requirement does not exist for
the 504 CDC program. H.R. 5788 will fix that by compelling the
SBA to conduct an annual risk analysis of the 504 CDC program
and provide Congress with the results tailored to meet the 504
CDC program’s unique features. This bill will require the SBA to
provide many of the same data points on the 504 CDC program as
it is currently providing us on the 7(a) program.
Let me be clear, loan defaults do not currently seem to be a con-
cern in the 504 CDC program. Publicly available information dem-
onstrate responsible operation of the program, but this bill will give
us information we need to monitor the program now and in the fu-
ture so its zero subsidy requirement is maintained.
Finally, H.R. 5788 will require that the 504 CDC risk report also
be posted on the SBA website and made available to the public.
H.R. 5788 is supported by the National Association of Development
Companies.
Thank you, Mr. Chairman. I yield back.
Chairman WILLIAMS. The gentlelady yields back, and thank
you.
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And I now recognize myself to speak in support of this legisla-
tion.
The SBA’s 504 loan program plays a crucial role in financing
fixed assets for small businesses through community-based part-
ners. While these loans help local small businesses grow, there is
a clear lack of reporting on the health and risk within the 504 port-
folio. So as Americans and policymakers need a clear timely infor-
mation on the program to ensure that taxpayer dollars are pro-
tected, we need to know that the program is sustainable and effec-
tive for small businesses nationwide.
The 504 Program Risk Oversight Act ensures that Congress can
carry out its constitutional duty of oversight by requiring annual
data-driven reports from the SBA on the health of the 504 loan
program. By enhancing transparency and insight, this legislation
will help Congress identify and mitigate risk early, strengthening
the long-term viability of the 504 loan program and ensuring con-
tinued support for American entrepreneurs.
So I urge my colleagues to vote yes on H.R. 5788, and I yield
back.
Does anyone wish to offer an amendment?
Okay. Seeing none, the question is now on favorably reporting
H.R. 5788 to the House.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it and H.R. 5788 is
agreed to.
Mr. PATRONIS. Mr. Chairman?
Chairman WILLIAMS. Yes.
Mr. PATRONIS. I would like to request a recorded vote.
Chairman WILLIAMS. Okay. We have got a recorded vote has
been requested. A roll call vote is ordered. And pursuant to Com-
mittee rule 13 and House rule XI, further proceedings on this bill
are postponed.
H.R. 3496
The Committee now moves to consideration of H.R. 3496, North-
ern Mariana Island Small Business Access Act, introduced by Dele-
gate King-Hinds and cosponsored by Representative Conaway. And
the clerk will report the bill.
The CLERK. H.R. 3496, a bill to amend the Small Business——
Chairman WILLIAMS. Without objection, H.R. 3496 is consid-
ered as read and open for amendment.
The bill sponsor Delegate King-Hinds has an amendment in the
nature of a substitute at the desk. The amendment has been dis-
tributed in advance. The clerk will report the amendment.
The CLERK. Amendment in the nature of a substitute to H.R.
34——
Chairman WILLIAMS. Without objection, the amendment is con-
sidered as read and the substitute will be considered as a base text
for the purpose of further amendment.
I now recognize the bill’s sponsor, Delegate King-Hinds from the
Great Northern Mariana Islands, for a statement on the bill and
the amendment.
Ms. KING-HINDS. Thank you, Chairman Williams and Ranking
Member Velázquez, for agreeing to include my bill, H.R. 3496, the
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Northern Mariana Islands Small Business Access Act, in today’s
markup. H.R. 3496 would include my district, the Northern Mar-
iana Islands, in the Small Business Administration’s Microloan
Program. The Microloan Program issues loans of $50,000 or less at
low interest rates to help small businesses that may be unable to
access capital elsewhere, grow their businesses, or create jobs.
Since the program became operational in 1992, it has issued over
69,000 loans totaling over 900 million and supported over 250,000
American jobs. Despite the program’s impressive impact for Ameri-
cans across the country, the Northern Mariana Islands is the only
state or territory not explicitly included under the law. This bill
would simply add the CNMI to be eligible for the program along-
side every other territory.
I thank my co-lead on the bill, Representative Conaway, for his
best support and Congressman Cisneros for cosponsoring this legis-
lation as well. Again, my bill simply adds my district to the
Microloan Program that is already available to all other Americans.
I urge my colleagues to support this bipartisan, commonsense, no-
cost bill.
Thank you. I yield back.
Chairman WILLIAMS. The gentlelady yields back.
I now recognize Representative Conaway from the great state of
New Jersey for a statement on the bill and the amendment.
Mr. CONAWAY. Thank you, Mr. Chairman. I would like to echo
support for H.R. 3496, the Northern Mariana Island Small Busi-
ness Access Act, along with my colleague, Congresswoman King-
Hinds.
As has been said, the Commonwealth of Northern Mariana Is-
lands, you know, I don’t say that very often, Northern Mariana Is-
lands is one of the six territories in the U.S. and, despite its status
as a territory, the Northern Mariana Islands have been excluded
from certain small business programs. This is important legislation
that would ensure that there are expanded access to SBA’s
Microloan Program to small businesses on the Northern Mariana
Islands.
As you know, access to capital is vital for success and stability
of small businesses. The SBA’s Microloan Program is designed to
assist women, low-income persons, veterans, minority entre-
preneurs, and small business owners. And said loans can be used
for a myriad of purposes, including working capital, inventory, sup-
plies, furniture, fixtures, machinery, and equipment. Ensuring that
the Northern Mariana Islands has better access to this important
SBA program is very important and I urge all of my colleagues to
support this important piece of legislation.
Thank you, Mr. Chairman. I yield back.
Chairman WILLIAMS. The gentlemen yields back.
Are there any other Members who wish to be recognized for a
statement?
Seeing none, I would like to recognize the Ranking Member to
speak on the bill and the amendment.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I want to express
my support for H.R. 3496, as amended. I commend Delegate King-
Hinds and Dr. Conaway for reintroducing the bill we have worked
on for several years now.
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The Northern Mariana Islands Small Business Access Act is a
straightforward but important bill that expands access to the SBA
Microloan Program to small businesses in the Commonwealth of
the Northern Mariana Islands. The program has been hugely suc-
cessful.
With that said, small businesses in the Northern Mariana Is-
lands face unique challenges as geographic isolation leads to higher
costs for goods and services, and their economy is heavily reliant
on tourism, which can ebb and flow with economy and natural dis-
aster. Having access to affordable credit gives small businesses the
ability to weather the storms and economic uncertainty and fully
prepare for the next opportunity.
I worked to ensure the Commonwealth of the Northern Mariana
Islands had access to the Microloan Program as part of a more
comprehensive bill to improve the Microloan Program. Despite
passing the House, that bill was not considered in the Senate.
While I would prefer to handle this issue in a more complete re-
view of the program to make much needed improvements, I am
willing to set aside those concerns today to ensure that small busi-
ness owners in CNMI have access to the SBA Macro Loan program,
and I urge my colleagues to support this bipartisan measure.
I yield back.
Chairman WILLIAMS. The gentlelady yields back. Thank you.
I now recognize myself to speak in support of this legislation.
The SBA Microloan Program offers entrepreneurs access to small
dollar loans through intermediaries. By statute, the SBA portions
Microloan Program funding to each state and territory except for
the Commonwealth of Northern Mariana Islands. This exclusion
makes it more challenging for small businesses in the Northern
Mariana Islands to access capital. And the Northern Mariana Is-
land Small Business Access Act amends the Small Business Act to
include the Northern Mariana Islands in the program’s geographic
coverage.
Expanding microloan eligibility will spark entrepreneurship. It
strengthens that local economy for all states and territories and
further assisting constituents of our colleague, Delegate King-
Hinds, to access opportunities to grow.
I urge my colleagues to vote yes on H.R. 3496, and I yield back.
Does anyone wish to offer an amendment?
Seeing none, the question now occurs on the adoption of the sub-
stitute amendment offered H.R. 3496 by Delegate King-Hinds.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it, the amendment in
the nature of a substitute H.R. 3496 is adopted.
Okay. The question is now on favorably reporting H.R. 3496, as
amended, to the House.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it and H.R. 3496, as
amended, is agreed to.
Ms. KING-HINDS. Mr. Chairman.
Chairman WILLIAMS. For what purpose does the gentlelady
seek recognition?
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Ms. KING-HINDS. I would like to request a recorded vote.
Chairman WILLIAMS. Okay. A recorded vote has been re-
quested. A roll call vote is ordered, and pursuant to Committee rule
13 and House rule XI, further proceedings on this bill are post-
poned.
H.R. 5764
The Committee now moves to consideration of H.R. 5764, AI for
Main Street Act, introduced by Representatives Alford and
Scholten. The clerk will report the bill.
The CLERK. H.R. 5764, bill to amend the Small Business——
Chairman WILLIAMS. Without objection, H.R. 5764 is consid-
ered as read and open for amendment.
The bill sponsor, Representative Alford, has an amendment in
the nature of a substitute at the desk. The amendment has been
distributed in advance. The clerk will report the amendment.
The CLERK. Amendment in the nature of a substitute to H.R.
57——
Chairman WILLIAMS. Without objection, the amendment is con-
sidered as read and the substitute will be considered as base text
for the purpose of further amendment.
I now recognize the bill’s sponsor, Representative Alford from the
great state of Missouri, for a statement on the bill and the amend-
ment.
Mr. ALFORD. Well, thank you, Mr. Chair. And thank you, Rank-
ing Member Velázquez, for holding this hearing today. It is so good
to see everyone on both sides of the aisle.
This Committee exists in Congress to champion main street, to
ensure that the small businesses that employ about half of all
Americans can continue to thrive. As we all know, the AI revolu-
tion is not coming. It is already here. And if any company from
main street to wall street is not adapting, they will be left behind.
This is why I was proud to introduce the AI for Main Street Act
along with Congresswoman Scholten.
This bill directs Small Business Development Centers to help
small businesses evaluate and adopt artificial intelligence by pro-
viding guidance, training, and outreach. It builds on existing ef-
forts, like America’s SBDC AIU program. I urge all of my col-
leagues to support this important legislation to ensure that main
street gets the counseling they need to survive and thrive during
the AI era, which is not going away anytime soon.
And with that I yield back.
Chairman WILLIAMS. The gentleman yields back.
I now recognize Representative Scholten from the great state of
Michigan for a statement on the bill and the amendment.
Ms. SCHOLTEN. Thank you so much, Mr. Chairman. I have
been so proud to partner with Rep. Alford to lead the AI for Main
Street Act.
He said it so well and this Committee has recognized the abso-
lute revolutionary power that AI can have for so many of our small
business owners. Yet far too many don’t know how to access its
power in a responsible way. This bill will help small businesses get
quality guidance on how to adopt artificial intelligence into their
operations.
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At a time when AI tools are becoming more accessible, but also
more complex, small business owners need trusted local resources
to help them navigate this new terrain. We have seen firsthand in
our district how cutting-edge AI help from Small Business Develop-
ment Centers can be just an absolute game-changer, and that is
where the AI for Main Street Act comes in. Our bill will direct
Small Business Development Centers to provide guidance, training,
and outreach to small business owners so they can evaluate the use
of AI for their businesses and implement it according to their
unique needs.
SBDCs are already a lifeline for small businesses, places where
they turn to for help, practical expertise, and real-world solutions.
By equipping these centers with AI-focused training, we are meet-
ing small business owners where they are and giving them tools
that they can put to work immediately.
In our increasingly connected world, AI presents major changes
to our economy and our way of life, from streamlining bookkeeping
to managing inventory to improving customer outreach. AI can
help small businesses save time, cut cost, stay competitive, but
only if they have the knowledge how to use it effectively. That
makes it all the more important that small businesses have the
right resources. The AI for Main Street Act gives small businesses,
again, the key word is trust, that trusted place to turn as they de-
cide how to use AI to serve their goals.
I urge my colleagues to support this bill, and I yield the remain-
der of my time.
Chairman WILLIAMS. The gentlelady yields back.
Are there any other Members who wish to be recognized for a
statement on the bill?
Seeing none, I would like to recognize the Ranking Member to
speak on the bill and the amendment.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I am really
pleased to support the AI for Main Street Act, which would allow
the Small Business Development Centers to assist small business
owners on how to evaluate artificial intelligence. I commend Mr.
Alford and Ms. Scholten for working together on this bipartisan
legislation.
Among other things, AI has the potential to boost productivity,
enhance customer service, and save costs, but small businesses
must learn to use and manage AI tools effectively. If they don’t, it
can backfire and cause serious problems. We all heard the story of
the Chevy dealership in Watsonville, California, that deployed an
automated customer service chatbot that was manipulated into of-
fering a Tahoe for a dollar and stating the deal is legally binding.
As AI advances, so do the inherent risks. That is why it is impor-
tant for SBA and its entrepreneurial ecosystem to help small busi-
nesses make the most of this technology. And it also makes sense
to further empower the national network of SBDCs to guide and
train small businesses for the future. I urge my colleagues to vote
yes.
I yield back my time.
Chairman WILLIAMS. The gentlelady yields back, and thank
you.
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And I now recognize myself to speak in support of this legisla-
tion.
Evolving artificial intelligence tools are transforming the busi-
ness world and reshaping how entrepreneurs and small businesses
operate and compete. While larger corporations are already har-
nessing new technologies, many small businesses are struggling to
help keep up due to limited resources, lack of training, and con-
cerns about cybersecurity. But the AI for Main Street Act address-
es this gap by directing the SBA Small Business Development Cen-
ters to provide training, coaching, and ongoing support for inte-
grating AI responsibility into small business.
SBDCs are a crucial public-private partnership that operate in
every state to assist all small businesses, whether they are just
starting or fully established. Ensuring that these resource partners
can provide AI education will give small businesses the proper tools
and safeguards to compete in today’s economy. As AI becomes an
integral driver of productivity and competitiveness across the econ-
omy, small businesses must not be left behind. Technology won’t
wait for small business to catch up and Congress must help bridge
that gap to help close the innovation divide.
I urge my colleagues to vote yes on H.R. 5764, and I yield back.
Does anyone wish to offer an amendment?
Okay. Seeing none, the question now occurs in the adoption of
the substitute amendment offered to H.R. 5764 by Mr. Alford.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it and the amendment
in the nature of a substitute to H.R. 5764 is adopted.
The question is now on favorably reporting H.R. 5764, as amend-
ed, to the House.
All those in favor, say aye.
All those opposed, say no.
The opinion of the Chair, the ayes have it and H.R. 5764, as
amended, is agreed to
Mr. ALFORD. Mr. Chair?
Chairman WILLIAMS. For what purpose does the gentleman
seek recognition?
Mr. ALFORD. I request a recorded vote, please.
Chairman WILLIAMS. A recorded vote has been requested. A
roll call vote is ordered. Pursuant to Committee rule 13 and House
rule XI, further proceedings on the bill are postponed.
H.R. 5784
The Committee now moves to consideration of H.R. 5784, the Ar-
tificial Intelligence Wisdom for Innovative Small Enterprises, or AI
WISE Act, introduced by Representatives Scholten and Downing.
And the clerk will report the bill.
The CLERK. H.R. 5784, a bill to amend the Small Business
Act——
Chairman WILLIAMS. Without objection, H.R. 5784 is consid-
ered as read and open for amendment.
I now recognize the bill’s sponsor, Representative Scholten from
the great state of Michigan, for a statement on the bill.
Ms. SCHOLTEN. Thank you so much, Mr. Chairman. You are
sensing a theme today. And I am so glad that this Committee takes
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the inclusion and implementation of AI in the small business arena
seriously. It is absolutely critical.
As we know, artificial intelligence is rapidly shaping industries
across the globe. But small businesses, who are the backbone of our
economy, often struggle to keep up with fast-paced technological
change. My—oops, sorry, hold on. I think I got the wrong—this is
the AI for main street. Sorry, I was like that sounds really familiar.
AI WISE. We can vote on that one now, too. We are on AI for main
street—we are on AI WISE. We are on AI WISE. Yes. Okay, sorry.
Apologies. This is when you get all these great AI bills.
The AI WISE Act requires the SBA to create AI literacy re-
sources tailored specifically to small businesses. Through the SBA’s
e-learning platform, entrepreneurs and small business owners will
be empowered with clear, actionable information on how to lever-
age AI in their operations, whether that is through automating
tasks, improving customer service, or making smarter decisions
using data.
According to the U.S. Census Bureau, nearly one in four busi-
nesses do not know whether they will use AI in production within
the next 6 months. They just don’t know if it is going to be a part
of their business or not. That is untenable in a rapidly evolving
technological landscape where small businesses cannot afford to be
left behind. This bill will level the technological playing field for
small businesses, providing them the tools they need to thrive in
an ever-changing global economy.
AI isn’t just for the tech giants. It is for everyone, especially
small businesses. Whether we are talking about a local bakery, a
landscaping company, or a digital startup, AI has the potential to
increase productivity, reduce costs, and open up new growth oppor-
tunities. The AI WISE Act gives our small businesses the knowl-
edge they need to embrace AI and remain the top job creators in
our country.
I want to express my gratitude to Congressman Downing for join-
ing me in leading this bill. And I ask unanimous consent to insert
into the record letters of support for the AI WISE Act from Intuit
and OpenAI. I urge all of my colleagues to support the AI WISE
Act. The future of our economy depends on helping small busi-
nesses harness the power of emerging technologies like AI and this
bill will help make that a reality.
I yield the remainder of my time.
Chairman WILLIAMS. Without objection, we will accept your pa-
pers.
I now recognize Representative Downing from the great state of
Montana for a statement on the bill.
Mr. DOWNING. Thank you, Mr. Chairman. And thank you to
my colleague, Representative Scholten, for the work on this bill.
You know, over the course of the last several years, we have seen
incredible advancements in the development of AI technology. AI
capabilities, like machine learning, language processing, these will
play a critical role in our economy moving forward. Businesses
across our country are rapidly incorporating AI to streamline key
operations, like workforce recruitment, marketing, strategy devel-
opment. However, like any emerging technology, businesses with
substantial and stable access to capital tend to be better positioned
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for technology adoption and dealing with its ramifications. Small
businesses, on the other hand, including businesses in rural com-
munities like in my home district of central and eastern Montana,
often lack the resources and information needed to facilitate tech-
nology adoption.
Now, according to a 2025 report from the U.S. Chamber of Com-
merce, 59 percent of Montana small businesses have adopted AI
into their operations. While this figure is significant, it pales in
comparison to the near universal adoption of AI that we have seen
with Fortune 500 companies. This is why I am proud to co-lead
H.R. 5784, the AI WISE Act, with my colleague Representative
Scholten.
The AI WISE Act directs SBA to establish educational resources
on AI for small businesses through its online learning program. In
doing so, this legislation seeks to provide small businesses with the
technical and practical knowledge needed in order to best navigate
AI adoption.
To assemble this information, this legislation directs the SBA to
work in coordination with the National Institute for Standards and
Technology, NIST, as well as an advisory working group of public
and private sector partners. The scope of this new AI educational
material will include resources for small businesses on how AI
models work, best practices for coordinating with third-party pro-
viders of AI tools, and how businesses can identify tasks that AI
can reliably and effectively perform.
I would like to again thank my colleague Representative
Scholten for co-leading this legislation with me. The AI WISE Act
will ensure SBA provides small businesses with the information
that they will need to most effectively utilize AI to bolster their
business.
I urge all my colleagues to support this legislation, and, Mr.
Chair, I yield back.
Chairman WILLIAMS. The gentleman yields back.
Are there any of the Members who wish to be recognized for a
statement on the bill?
Seeing none, I would like to recognize the Ranking Member to
speak on the bill.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I am pleased to
support legislation to create artificial intelligence literacy resources
at the SBA and the resource partners. I thank Ms. Scholten and
Mr. Downing and the numerous AI and small business stake-
holders for working with me to develop this bill over the last 2
years.
I has captured the imagination, excitement, and anxiety of Main
Street America and Congress since the launch of ChatGPT just 2
years ago. While AI has the potential to make small businesses
more efficient and competitive, it also has risks associated with its
use. The AI WISE Act will empower America’s small businesses
with the skill needed to evaluate and adopt AI in this challenging
landscape. It requires the SBA to create an online AI literacy re-
source for small businesses and allow their resource partners to
build upon it with specialized and localized resources to better
serve their communities. As AI revolutionizes our way of life, it is
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critical to ensure small businesses are not left behind by the larger
firms better equipped to adopt the technology.
With that, I urge my colleagues to vote yes, and I yield back.
Chairman WILLIAMS. The gentlelady yields back. Thank you.
And I now recognize myself to speak in support of this legisla-
tion.
As we talked about today, nearly half of small businesses are
using the AI in some form, and more are exploring ways they could
make their businesses more efficient. As AI adoption accelerates, it
is critical that small businesses have the tools and knowledge to
stay competitive and thrive in the free market. The AI WISE Act
directs the SBA to establish educational resources and online
learning tools to help small businesses understand the benefits and
risks of integrating AI into their operations.
This bill brings together the SBA, the National Institute of
Standards and Technology, and AI leaders to leverage existing AI
resources and develop educational tools that don’t just focus on the
potential risks. It includes information about how AI could enhance
operations, customer service, and productivity across main street’s
businesses. The AI WISE Act puts the SBA at the forefront of
streamlining information directly for the many small businesses
that don’t know where to access materials they need to fully scale
their businesses while leveraging AI.
I urge my colleagues to vote yes on H.R. 5784, and I yield back.
Now, does anyone wish to offer an amendment?
Seeing none, the question is now on favorably reporting H.R.
5784 to the House.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it and H.R. 5784 is
agreed to.
Mr. DOWNING. Mr. Chair?
Chairman WILLIAMS. The gentleman is recognized.
Mr. DOWNING. I request a recorded vote.
Chairman WILLIAMS. The gentleman requests, a recorded vote
has been requested. A roll call vote is ordered. Pursuant to Com-
mittee rule 13 and House rule XI, further proceedings on the bill
are postponed.
H.R. 5778
The Committee now moves to consideration of H.R. 5778, the Im-
proving SBA Engagement on Employee Ownership Act, introduced
by Representatives McIver and Bresnahan and Ranking Member
Velázquez. The clerk will report the bill.
The CLERK. H.R. 5778, a bill to direct the administrator——
Chairman WILLIAMS. Without objection, H.R. 5778 is consid-
ered as read and open for amendment.
I now recognize the bill’s sponsor, Representative McIver from
the great state of New Jersey, for a statement on the bill.
Mrs. MCIVER. Thank you so much, Chairman. And thank you
to our Ranking Member for holding this markup today. I would like
to speak in strong support of my bill, H.R. 5778, the Improving
SBA Engagement on Employee Ownership Act, a bipartisan bill
that I am proud to lead with my colleague, Congressman
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Bresnahan, there we go—sorry for butchering that—of Pennsyl-
vania and Ranking Member Velázquez of New York.
Employee ownership is one of the most powerful tools we have
to help working people build real wealth and strengthen local
economies. When employees become owners, whether through em-
ployee stock ownership plans or cooperatives, they share in the
profits, have a voice in decision-making, and gain direct stake in
the success of the business. These are concrete pathways for every-
day people to obtain financial security and stable jobs and to in-
crease community investment. We have seen it through data and
through real-world stories. Programs like this help our commu-
nities and economy.
Employee ownership has made a difference for people like Emilio
in my district at the Urban Agriculture Cooperative in Newark,
New Jersey. The Urban Agriculture Cooperative operates a food
hub, distributing healthy New Jersey products through farmers
markets and wholesale. Most recently, they provided high-quality,
local-grown produce to families in need during the SNAP crisis. As
a cooperative, like those my bill would further support, they help
employees build retirement savings and keep businesses rooted in
the neighborhoods they serve. Employee owners like Emilio give so
much to their workplace and with this model, they get something
positive in return.
Yet for far too long, the Small Business Administration has not
met its obligation to support these models. Despite the proven ben-
efits of ESOPs and cooperatives, SBA lending programs, especially
the flagship 7(a) program, have reached only a tiny fraction of em-
ployee-owned businesses. In fact, over the last several years, the
SBA approved just five 7(a) loans for SOPs or ESOPs and fewer
than 100 for cooperatives, serving only a silver of the thousands of
employees—a sliver, excuse me, serving only a sliver of the thou-
sands of employee-owned businesses operating nationwide. That is
not because the models don’t work. It is because the federal govern-
ment has not kept up with the growing demand of broad-based
ownership.
My bill changes that. The Improving SBA Engagement on Em-
ployee Ownership Act ensures that the SBA finally does its job to
support employee-owned businesses. It requires the agency to show
up consistently and at the highest levels in federal discussions and
about employee ownership and cooperative development. It ex-
pands SBA outreach, especially through the SBIC program, so
lenders, investors, and entrepreneurs understand how to use SBA
tools to finance transitions to employee ownership. And it directs
the SBA to finally start up the Small Business Employee Owner-
ship and Cooperatives Promotion Program, I must need another
cup of coffee, which Congress required 6 years ago, but has yet to
be implemented.
These are practical, commonsense steps that will help real peo-
ple, the blue collar worker at a manufacturing plant trying to buy
the business before it closes, the single mother working at a home
care agency who wants to keep serving families in her community,
or the young entrepreneur building a cooperative that offers good
jobs and share prosperity for their neighbors. This bill helps them
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access capital, receiving technical assistance, and navigate the fed-
eral programs that exist to support them.
Employee ownership is critical to worker dignity and shared suc-
cess. It is about making sure workers are treated as partners, not
just laborers, and building an economy that rewards hard work and
not just wealth. I urge my colleagues to support this bipartisan ef-
fort by improving SBA’s engagement with employee-owned busi-
nesses and cooperatives. We are protecting good jobs, ensuring
working people have a fair shot at wealth. This is how we build a
more inclusive economy for all.
With that, Chairman, I yield back.
Chairman WILLIAMS. The gentlelady yields back.
I now recognize Representative Bresnahan from the great state
of Pennsylvania for a statement on the bill.
Mr. BRESNAHAN. Thank you, Mr. Chairman. So great to be
back. And thank you to my colleague Rep. McIver for leading this
important piece of legislation.
ESOPs are a proven asset to help workers become successful
partners in their businesses. When employees share in ownership,
they share in achievement, creating a workplace that promotes per-
sonal investment and a group cooperation to grow a business suc-
cessfully. That is why I am proud to co-lead the Improving SBA
Engagement on Employee Ownership Act.
This legislation will strengthen the Small Business Administra-
tion’s ability to work with cooperative and employee-owned busi-
nesses to enrich local economies and provide business owners with
critical assistance to preserve jobs and promote broad-based owner-
ship. I am looking forward to seeing this bill passed through com-
mittee, so we can continue to support the small businesses and
strengthen their impact on our communities’ economic stability.
And with that, I yield back.
Chairman WILLIAMS. The gentleman yields back.
Are there any other Members who wish to be recognized for a
statement on the bill?
Seeing none, I would like to recognize the Ranking Member to
speak on the bill.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I support H.R.
5778, and I want to thank Representatives McIver and Bresnahan
for their leadership on this issue.
Employee-owned businesses are a valuable model that empowers
workers and create strong American businesses. Employee-owned
businesses, like ESOPs, and other common control enterprises, like
co-ops, play a significant role in the U.S. economy. As of 2022,
there were more than 5,500 ESOPs holding more than $1.8 trillion
in assets and approximately 65,000 co-ops generating more than
$324 billion in revenue.
These businesses need the backing of the products and technical
training that SBA provides in order to reach their full potential.
These businesses have had only limited access to the SBA products,
including the flagship 7(a) loan program. Technical support for em-
ployee-owned businesses has also been limited. The SBA has ac-
knowledged these shortcomings and during the Biden administra-
tion began to engage with ESOPs and co-ops more directly. But
more needs to be done. This bill will build on the progress made
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by providing a framework for increasing engagement between the
SBA and other executive branch agencies currently developing poli-
cies and regulations related to ESOPs and co-ops.
I want to thank Representatives McIver and Bresnahan for
working on this bipartisan legislation and I encourage my col-
leagues to support the bill. I yield back.
Chairman WILLIAMS. The gentlelady yields back, and thank
you.
And I now recognize myself to speak in support of this legisla-
tion.
For some entrepreneurs, employee ownership and cooperative
business models can offer opportunities to empower their employ-
ees and share the success of the company. The Improving SBA En-
gagement on Employee Ownership Act requires the SBA to finally
implement requirements passed in the fiscal year 2019 NDAA to
offer information and technical assistance on employee ownership.
It also gives the SBA a seat at the table where other agencies are
discussing these types of business models.
I urge my colleagues to vote yes on H.R. 5778, and I yield back.
Does anyone wish to offer an amendment?
Seeing none, the question is now on favorably reporting H.R.
5778 to the House.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it and H.R. 5778 is
agreed to.
Mr. BRESNAHAN. Mr. Chairman, I ask for a recorded vote.
Chairman WILLIAMS. Okay. The gentlemen asks for recorded
votes. It has been requested. A roll call vote is ordered. Pursuant
to Committee rule 13 and House rule XI, further proceedings on
the bill are postponed.
H.R. 4305
The Committee now moves to consideration of H.R. 4305, De-
stroying Unnecessary, Misaligned, and Prohibitive Red Tape Act of
2025, or the DUMP Red Tape Act, introduced by the Representa-
tive Wied. The clerk report the bill.
The CLERK. H.R. 4305, a bill to direct the chief——
Chairman WILLIAMS. Without objection, H.R. 4305 is consid-
ered as read and open for amendment.
The bill sponsor, Representative Wied, has an amendment in the
nature of a substitute at the desk. The amendment has been dis-
tributed in advance. The clerk will report the amendment.
The CLERK. Amendment in the nature of a substitute to
H.R.——
Chairman WILLIAMS. Without objection, the amendment is con-
sidered as read and the substitute will be considered in base text
for the purpose of further amendment.
I now recognize the bill’s sponsor, Representative Wied from the
great state of Wisconsin, for a statement on the bill and the
amendment.
Mr. WEID. Thank you, Mr. Chairman. After suffering through 4
years of regulatory onslaught by the Biden administration, totaling
nearly 1.8 trillion in new costs and requiring an additional 360 mil-
lion hours to comply with these new regulations, small businesses
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are desperate for regulatory relief. In response, earlier this year,
the Small Business Administration created the Red Tape Hotline
under its Office of Advocacy. This hotline gives small businesses a
seat at the table to highlight the prohibitive red tape regulations
from across federal agencies that hurt their ability to grow and
compete.
My bill, H.R. 4305, the Destroying Unnecessary, Misaligned, and
Prohibitive Red Tape Act, codifies the SBA’s Red Tape Hotline. It
also requires annual reports to Congress from the Office of Advo-
cacy detailing the most burdensome regulations for small business
owners and what the steps the SBA has taken to advocate on their
behalf. This bill is a commonsense way to gather input directly
from the people most harmed by overregulation. I urge all of my
colleagues to support this important piece of legislation and stand
with America’s small businesses.
And with that, I yield back.
Chairman WILLIAMS. The gentleman yields back.
Are there any other Members who wish to be recognized for a
statement on the bill?
Mr. MEUSER. Mr. Chairman?
Chairman WILLIAMS. Representative Meuser, Pennsylvania,
recognized.
Mr. MEUSER. May I be recognized? Thank you. Thank you, Mr.
Chairman. H.R. 4305, the DUMP Red Tape Act, I commend my col-
league, Mr. Wied, for introducing. I do think, however, it should
have been named the DUMP Blue Tape Act.
Anyway, we would require—it requires the SBA Office of Advo-
cacy to codify the Red Tape Hotline and submit an annual report
to Congress and Administrator Loeffler. This will provide small
businesses with an outlet to report arbitrary and unnecessary regu-
lations, as stated, directly to Congress and the public.
Small businesses are the backbone of the U.S. economy, gener-
ating 44 percent of economic activity and employing over 60 per-
cent of the workforce. Yet under the Biden administration, small
businesses were forced to navigate a complex regulatory landscape,
resulting in $1.7 trillion in new regulatory costs and over 300 mil-
lion hours of paperwork. These burdens ultimately fell on small
businesses, limiting their ability to innovate, grow, and compete.
So the Red Tape Hotline demonstrates that the Trump adminis-
tration and Republicans want to hear directly from small busi-
nesses about the regulatory challenge they are facing. Unlike the
Biden administration, we will continue delivering for small busi-
nesses by increasing transparency, promoting pro-growth policies,
and streamlining communications.
I urge my colleagues to support the bill, and I yield back.
Chairman WILLIAMS. The gentleman yields back.
Are there any other Members who wish to be recognized for a
statement on the bill?
Seeing none, I would like to recognize the Ranking Member to
speak on the bill and the amendment.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I want to express
my opposition to H.R. 4305. While this bill is less objectionable
than other anti-regulatory bills we have considered this Congress,
it is simply not necessary.
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To begin with, a deregulatory hotline already exists on regula-
tions.gov. Establishing another creates duplication and drains SBA
resources.
More concerning the proposal hasn’t been vetted properly. In the
first 100-day report, Advocacy indicated there were 96 small busi-
ness submissions. Yet despite repeated requests for more detailed
information, Advocacy has failed to provide any specific informa-
tion about this request. We have no way of knowing if the submis-
sions are related to rules. They could have easily been about tariffs
or unpaid invoices to contractors. That is why I cannot support it.
We have no information and the bill is more slogan than substance,
ignoring other federal actions that are harming small businesses.
We have heard testimony that small businesses are not talking
about regulations. It ranks near the bottom of their list of concerns.
Inflation, tariffs, and finding good employees are some of the top
challenges facing small businesses. Take a walk down main street
and you will hear the same concern from small business owners up
and down the block. The uncertainty and rising costs tied to the
Trump tariffs are crushing their small businesses, plain and sim-
ple.
And to the best of my knowledge, Advocacy has not weighed in
with the administration, which raises concerns over their lack of
independence from the administration. I recall the many times the
administrator from the Biden administration came here to testify
and, you know, she was castigated, asking her if she talked to Joe
Biden, the President, about the impact of taxes on them. Well, now
my question is, is the administrator discussing with Donald Trump
the impact that tariffs is having on small businesses. Or healthcare
subsidy expirations, how will that impact small businesses?
Instead of looking for ways to address inflation, tariffs, and labor
shortages, this bill is narrowly drafted to focus on rolling back
rules that protect our health, environment, and safety. Turning to
the specifics, the bill lacks adequate reporting mechanisms to iden-
tify who is making the submissions, leaving it vulnerable to abuse.
Advocacy has come under fire for doing the bidding of big busi-
nesses in the past, and they are not reporting a requirement in this
bill to distinguish between a small business, trade association, or
law firm. And the bill focuses only on the cost of regulations, not
the benefits, which is only one-half of the equation.
We need to look at both sides of the ledger, and by doing so, we
will see that the benefits of the rule greatly outweigh the costs. For
this reason, I plan to oppose the bill.
With that said, if we can get the specific information from Advo-
cacy as to what small businesses are actually submitting on the
hotline and a better understanding of the mechanics of the hotline
to ensure independence between SBA and Advocacy, I may be then
willing to work with you on this bill.
I yield back.
Chairman WILLIAMS. The gentlelady yields back.
Are there any other Members who wish to be recognized for a
statement on the bill?
Mr. STAUBER. Mr. Chair?
Chairman WILLIAMS. Recognized.
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Mr. STAUBER. Thank you very much. I support this bill. I think
the intentions are pure.
And whenever we have had witnesses in this Committee, we
have asked how many of you want more bureaucrat issues, more
regulations, more rules, more redundancy, more impact on small
businesses? Every one of them said the federal government, stay off
our backs, get out of our pockets, let us live the American dream
and work in our communities. Mr. Wied understands that in his
town of Wisconsin. I understand that in northern Minnesota. This
bill is a very good bill. It is a good start to make sure that they
have the opportunity to succeed.
And the gentlelady, the Ranker, talks about, you know, asking
small businesses beforehand. Well, I say the Unaffordable Care
Act, you never ask small businesses. They are damaged because of
that.
Mr. Wied, this is a very good piece of legislation and I support
it. I commend you for bringing it up. This is what the small busi-
ness is for, to make sure that the men and women across this na-
tion who risk everything to succeed.
This is one of those pieces of legislation that I am in favor of,
and I yield back.
Chairman WILLIAMS. The gentleman yields back.
I now recognize myself to speak in support of this legislation.
H.R. 4305, the DUMP Red Tape Act, codifies the Red Tape Hot-
line launched by the SBA Office of Advocacy on March 10, 2025.
The hotline gives small businesses a direct line to SBA Advocacy
to report burdensome regulations that are holding them back and
further enhances our ability to combat job-crushing red tape by re-
quiring the Office of Advocacy to bring this feedback straight to
Congress. And by empowering small business to speak up to fed-
eral agencies accountable, this bill will strengthen our commitment
to pro-growth, pro-innovation economy. It is necessary to get the
government out of the way so that our small business owners can
do what they do best.
I urge my colleagues to vote yes on H.R. 4305, and I yield back.
Now, does anyone wish to offer an amendment?
Mr. CISNEROS. Mr. Chairman?
Chairman WILLIAMS. So moved. You are recognized.
Mr. CISNEROS. I have an amendment at the desk.
Chairman WILLIAMS. Okay. There is an amendment at the
desk. We will briefly pause while staff distributes the amendment.
Okay. The clerk will report the amendment.
The CLERK. Amendment to the amendment in the nature of a
substitute to H.R. 43——
Chairman WILLIAMS. Without objection, the amendment is con-
sidered as read.
And I now recognize the Representative Cisneros for 5 minutes
on the amendment.
Mr. CISNEROS. Thank you, Mr. Chairman. And I want to thank
you and the Ranking Member on the great bipartisan work you
have done today on so many of these amendments.
My amendment would build on the ability of small businesses
and entities to not only report on potentially erroneous and burden-
some regulations, but to report rules that help safeguard small
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business interests and competition. My amendment also expands
the hotline to better listen to small business concerns on other gov-
ernment actions that impact them, such as tariffs, healthcare, and
immigration enforcement.
What I hear the most from small businesses is that they need
relief from tariffs and the uncertainty around them. If we truly
want to support small businesses, we need to provide them with an
avenue to express their grievances and truly hear what they need
and to act on it. Some Members of this Committee plug their ears
and close their eyes when tariffs are mentioned. But that is what
small businesses are overwhelmingly sharing as their main concern
right now. If the Office of Advocacy won’t advocate for small busi-
nesses regarding tariffs, who else in our federal government will?
Where can small businesses share their concerns?
The Office of Advocacy is meant to advocate for small businesses,
period. Assertions about their limitations are a fabrication of this
administration and a byproduct of Project 2025. If you truly believe
that Advocacy cannot advocate against policies like tariffs that neg-
atively impact small businesses, then I am open to working with
you to expand the mandate to ensure small businesses have a voice
in government that advances their views and concerns before Con-
gress, the White House, across federal agencies, and the courts, as
appropriate.
The unfortunate thing about this hotline is that we have not had
anyone from the Office of Advocacy come to publicly testify before
this Committee, much less share what small businesses have
raised so far. So my amendment would require more transparency
from the Advocacy through the information it needs to report to
Congress. My amendment would do this by ensuring Advocacy pro-
vides Congress information on all the government actions small
businesses are raising, the recommendations for the actions to min-
imize those burdens, a summary of actions taken by Advocacy, and
a type of entity that is making no submissions.
We all want to unleash the innovations and level the playing
field for our small businesses. I hope my colleagues across the aisle
will join me in supporting my amendment to ensure that our small
businesses truly have their voices heard throughout the federal
government.
And I yield back.
Chairman WILLIAMS. The gentleman yields back.
Is there further debate on the amendment?
Mr. Wied, you are recognized.
Mr. WEID. I noticed you even want to change the name of our
bill from DUMP Red Tape Act to Cut the Burden, Keep the Bene-
fits. Translation: Keep the red tape. But here is the thing. Small
businesses don’t benefit from more bureaucracy. They benefit when
we actually cut the red tape holding them back, which is exactly
what my bill does.
This amendment tries to capture all federal actions, including
presidential actions, but that is far beyond the scope of the SBA
statutory mission. The SBA’s Office of Advocacy was created to be
the voice of small businesses in the regulatory process, not a catch-
all for every executive or presidential action. If you expand the
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scope of the Red Tape Hotline, you will drown out legitimate small
business concerns in a sea of unrelated political disputes.
Ironically, this amendment adds layers of bureaucracy by requir-
ing SBA to track and report on presidential action, something out-
side its expertise. That means more paperwork, more delays, and
fewer resources devoted to actually helping small businesses. Our
bill is about streamlining, not expanding government paperwork.
I urge my colleagues to vote no on this amendment.
Chairman WILLIAMS. The gentleman yields back.
Is there any further debate on the amendment?
Okay. The Ranking Member?
Mrs. MCIVER. Chairman?
Chairman WILLIAMS. Yes, ma’am.
Mrs. MCIVER. I would like to yield some time to my colleague.
Chairman WILLIAMS. And Mrs. McIver, you are recognized.
Mr. CISNEROS. Thank you, Ms. McIver, for yielding me my
time—this time. Just to answer back, you know, to my colleague
over there, this bill has no way of expanding red tape at all. It ac-
tually simply, I think, helps make your bill better by requiring the
Small Business Association, the Office of Advocacy, to actually
come to us and report and share what they are hearing from these
small businesses, which only helps us be more impactful in helping
support their small businesses.
Really, that is simply all that we are asking. And we are asking
that they, you know, kind of broaden their scope as to what, you
know, as to what the small businesses can report. Right? Whether
it is tariffs, healthcare, other issues, you know, collecting this infor-
mation and then reporting what this information is, what are they
gathering, and bringing that to us. That in no way increases the
amount of red tape or anything that we are asking for. We are just
asking them to report on what is being reported to them and shar-
ing that information with us, which helps us better help the small
businesses.
And with that, I yield back.
Chairman WILLIAMS. The gentleman yields back.
Is there any further debate on the amendment?
Okay. Seeing none, the Ranking Member is now recognized to
speak on the amendment.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. I lend my support
to the amendment being offered by my colleague, Mr. Cisneros.
The amendment will make a number of improvements to the un-
derlying bill. First, it strengthens the legislative text by refining
the definitions and scope to better align with Advocacy’s role and
the requirements set forth in the Regulatory Flexibility Act. The
gentleman said that this amendment is out of the scope of Advo-
cacy. That is not true. So let me read the statute. ‘‘The Office of
Advocacy should also perform the following duties on a continuing
basis: serve as a local point for the receipt of complaints, criticism,
and suggestions concerning the policies and activities of the admin-
istration, including the current administration and any other fed-
eral agency which affects small businesses.’’
Second, the amendment allows small entities to weigh in on exec-
utive orders and other actions being taken by the administration,
and, more importantly, requires Advocacy to report on the actions
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taken. This provision is particularly critical now as the Trump tar-
iffs are generating widespread confusion and uncertainty and in-
flicting onerous burden on small businesses. You don’t want to talk
about tariffs and the impact that it is having on small businesses.
You want to talk about regulations. But when you go and walk
down the street and talk to small businesses, small farmers, they
are all raising the issue of the impact of tariffs in their businesses.
Surprisingly, or maybe not surprisingly, the Office of Advocacy has
been eerily silent on this topic as well as this Committee.
Finally, the amendment will strengthen the reporting require-
ments and rename the bill to the Cut the Burden, Keep the Bene-
fits Act. Advocacy will be required to report on the benefits of the
rules, which must always outweigh the causes. Mr. Cisneros is of-
fering a commonsense amendment. I urge all my colleagues to sup-
port this amendment.
Chairman WILLIAMS. The gentlelady yields back.
I now recognize myself to speak on the amendment.
After only 50 days of opening the hotline earlier this year, the
SBA Advocacy received 96 red tape hotline inquiries from small
businesses across the country. Small businesses have been taking
advantage of the hotline and Congress needs to ensure stability by
codifying the hotline. We need to focus on how we can provide main
street with the best avenues to reach regulatory relief, and that is
through the original amendment in the nature of a substitute pro-
vided by Representative Wied.
I urge my colleagues to vote no on this legislation. Vote no on
the amendment on this legislation.
Ms. VELÁZQUEZ. Mr. Chair?
Chairman WILLIAMS. Yes, ma’am.
Ms. VELÁZQUEZ. You know, you said just now that there has
been 96 submissions. Since our side has not been given the oppor-
tunity to look at those submissions, have you seen those submis-
sions? Are they related to regulation?
Chairman WILLIAMS. We can—I mean, what we can—we can
find out. I have not seen them. No. Okay?
Ms. VELÁZQUEZ. I rest of my case.
Chairman WILLIAMS. All right.
The question now occurs on the amendment offered by Rep-
resentative Cisneros.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the noes have it.
Mr. CISNEROS. Mr. Chairman, I ask for a recorded vote.
Chairman WILLIAMS. A recorded vote has been requested and
a roll call vote is ordered, so further proceedings on the amendment
are postponed.
Does anyone wish to offer an amendment?
Ms. SCHOLTEN. Mr. Chair?
Chairman WILLIAMS. Okay. There is amendment.
Ms. SCHOLTEN. Yes. Mr. Chair, sorry, I have an amendment at
the desk.
Chairman WILLIAMS. Oh, so moved. There is an amendment at
the desk. We will briefly pause while staff distributes the amend-
ment.
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Okay. The clerk will report the amendment.
The CLERK. Amendment to the amendment in the nature of a
substitute to H.R. 4305, offered by——
Chairman WILLIAMS. Without objection, the amendment is con-
sidered as read.
And I now recognize Representative Scholten for 5 minutes on
the amendment.
Ms. SCHOLTEN. Thank you, Mr. Chair. One of the best parts
of the Small Business Committee is how often Democrats and Re-
publicans can come together to solve real problems facing main
street. Small business owners don’t cut corners to get results and,
most of the time, neither do Members of this Committee. Unfortu-
nately, with the DUMP Red Tape Act, Committee Republicans
have rushed a flawed bill to solve a problem we could be address-
ing on a bipartisan basis.
Small businesses are the backbone of our economy. It has been
said several times today. If there is no greater bedrock in this Com-
mittee, it is that. And we all agree that they need support in navi-
gating the complex web of challenges that they face every day.
Maintaining a hotline that will help small business owners report
some of their most significant hurdles is a good idea. It is already
in practice and something that Democrats and Republicans can
continue to do in a bipartisan fashion.
The problem with today’s bill is that Committee Republicans are
trying to codify a hotline where it seems that anyone, small busi-
ness or not, can register a complaint. And that is because they get
reported to Congress anonymously, and the complaint has to be
about a specific regulation. So the real problem is individuals from
lobbying firms, attorneys representing major businesses can reg-
ister complaints here anonymously under the guise of being a small
business. Large businesses themselves can come here and register
these complaints anonymously. Is this really about helping small
businesses or is this a suggestion box for billionaires?
If we are going to spend taxpayer money on running this hotline,
it is our job to make that hotline help real small businesses with
real challenges. The DUMP Red Tape Act needs significant changes
to meet that bar, and today I am offering an amendment to get us
one step closer to legislation that is worthy of the small businesses
in our districts.
My amendment addresses a concern I hear from so many busi-
ness owners in West Michigan. Running a business is challenging,
and doing so in an unpredictable economic landscape is even more
difficult. President Trump promised to lower prices starting on day
one, but instead he has implemented a series of tariffs that have
created chaos and real costs for entrepreneurs. As the cost of mate-
rials have jumped across the board, small businesses have borne
the brunt of these policies. I know my Republican colleagues have
heard it, too.
As currently written, the hotline under the DUMP Red Tape Act
permits submissions on burdensome rules and regulations, but it
does not allow for submissions on executive actions like tariffs. My
amendment to the DUMP Red Tape Act will allow small businesses
to submit concerns to the hotline about executive orders and proc-
lamations relating to tariffs. We should not be afraid to receive this
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feedback. We should not be limiting the uses of the hotline, espe-
cially when tariffs remain one of the biggest challenges small busi-
ness owners deal with on a daily basis.
The Trump administration has already set up a hotline that has
received 96 submissions. Unfortunately, we do not know what
these submissions are about, as the Ranking Member pointed out.
They could very well be about tariffs, rules, or nonpayment of gov-
ernment contractors, not just burdensome regulations. This Com-
mittee and the people that we represent deserve to know what
those submissions are about. If we are going to pass legislation to
make this hotline permanent, we need to ensure that it can receive
submissions accounting for all of the very real challenges of small
business ownership. My amendment would help to do just that.
I urge my colleagues to support this amendment. We want to
make this hotline work and be a real tool for small businesses to
connect and make real change.
I yield back the remainder of my time.
Chairman WILLIAMS. The gentlelady yields back.
And is there further debate on the amendment?
Mr. WEID. Yes.
Chairman WILLIAMS. Representative Wied.
Mr. WEID. As a former small business owner for my entire life-
time up to this point, I would say the purpose of this bill is to give
our hardworking small businesses a voice in, you know, exposing
overbearing regulations that hurt our small businesses from grow-
ing.
Tariffs are a matter of national trade and foreign policy overseen
by Congress and the administration, not the SBA. Tariffs right
now, they are used to protect American industries, enforce fair
trade, and respond to global imbalances in trade. They are not red
tape. They don’t impose compliance paperwork or permitting delays
that continue to hurt small businesses. Including presidential tariff
actions, that would turn the hotline into a political complaint desk
about trade policy. That undermines its credibility as a neutral,
business-focused tool.
Congress already has oversight mechanisms for tariffs and trade
policy. Our bill avoids duplication by keeping the hotline focused on
regulations. If every tariff proclamation is subject to hotline review,
it signals to foreign competitors that U.S. trade policy is frag-
mented and negotiable. That weakens America’s hand in trade ne-
gotiations and could harm the very small businesses the amend-
ment claims to protect.
I urge my colleagues to vote no on this amendment.
Chairman WILLIAMS. The gentleman yields back.
Is there further debate on the amendment?
Mr. McGarvey is recognized.
Mr. MCGARVEY. Thank you, Mr. Chairman. I yield my time to
Congresswoman Ms. Scholten.
Ms. SCHOLTEN. Mr. Chairman, most small business owners
don’t necessarily know the difference between a regulation, a point
of law, or the tariffs that are harming their small businesses, but
they sure know what is impacting their bottom line. This Com-
mittee should not be afraid to receive feedback and, further, to
know what is included in those 96 complaints that have already
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been received. This is a commonsense amendment that would open
this up for small business owners to be able to have the freedom
to share with this Committee how we can best help them.
I yield back.
Chairman WILLIAMS. Is there any further debate on the
amendment?
Mr. CISNEROS. Mr. Chairman? Mr. Chairman?
Chairman WILLIAMS. Mr. Cisneros is recognized.
Mr. CISNEROS. Thank you, Mr. Chairman. Look, I just want to
address the issue we do need—the one thing that I hear from my
small businesses in my district is just give us stability. I need sta-
bility. But when we have a President who makes a whim on a tariff
and raises them for Canada because he didn’t like a commercial
that he saw during the World Series, that is no stability there.
Right? That is not what our small businesses are asking for, and
they need to be able to kind of make that complaint and bring it
forward. And that is something the Office of Advocacy should be re-
porting to us in Congress, so that we can help address these issues.
But with that, we just want to make this bill better. Give the
small businesses the opportunity to report what they are hearing
and have the SBA come to us and tell us what they are hearing,
which is, obviously, which is not happening now with the way this
is working now.
And with that, I yield back.
Chairman WILLIAMS. The gentleman yields back.
Is there further debate on the amendment?
Okay. The Ranking Member is now recognized to speak on the
amendment.
Ms. VELÁZQUEZ. Thank you, Mr. Chairman. And I lend my
support to the amendment offered by my colleague, Ms. Scholten.
The amendment would allow small businesses to submit concerns
about tariffs and require Advocacy to report on its action to limit
the burden. The Office of Advocacy is the voice of small businesses.
It is not limited only to complaints about regulations. It is open to
anything that impacts small businesses. The 96 submissions to the
advocacy hotline could have easily been about tariffs, but we don’t
know. The Chairman doesn’t know. I just asked him. He hasn’t
seen any of the submissions. The administration didn’t provide in-
formation to us. So if we are here passing legislation based on what
we hear and what the SBA wants to tell us, but not to share the
specific information, we need to do better by small businesses.
Tariffs, not regulations, are crushing small businesses. Small
businesses all across the country are shouldering the costs of the
Trump tariffs. The cost of goods is rising exponentially, making it
harder and hard for small businesses to do what they do best: cre-
ate jobs, innovate, and flourish. Despite promises made by the
Trump administration to lower costs on day one, President Trump’s
policies have inflicted pain on every sector of the small business
economy.
And where is the Office of Advocacy when small businesses are
under siege? Nowhere to be found.
I strongly support the amendment, which would allow us to get
a better understanding of how many small businesses are con-
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tacting Advocacy about tariffs and see if Advocacy is advocating for
them.
I urge my colleagues to support this amendment, and I yield
back, Mr. Chairman.
Chairman WILLIAMS. The gentlelady yields back.
I now recognize myself to speak on the amendment.
As my colleague mentioned, the amendment is unnecessary be-
cause the Red Tape Hotline needs to be targeted to address the
regulatory burdens main street is feeling every day, not what is de-
fined in this proposed amendment. I urge my colleagues to vote no
on this amendment.
Now, the question now occurs on the amendment offered by Rep-
resentative Scholten.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the noes——
Ms. SCHOLTEN. Mr. Chairman, I request a recorded vote.
Chairman WILLIAMS. The Member is recognized and a recorded
vote has been requested. A roll call vote is ordered. Further pro-
ceedings on the amendment are postponed.
Okay. Now, the question now occurs on the adoption of the sub-
stitute amendment offered to H.R. 4305 by Representative Wied.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it. The amendment in
the nature of a substitute to H.R. 4305 is adopted.
The question is now on favorably reporting H.R. 4305, as amend-
ed, to the House.
All those in favor, say aye.
All those opposed, say no.
In the opinion of the Chair, the ayes have it and H.R. 4305, as
amended, is agreed to.
Mr. WEID. Mr. Chairman, ask for a recorded vote.
Chairman WILLIAMS. Okay, we recognize that and a recorded
vote has been requested. A roll call vote is ordered. And pursuant
to Committee rule 13 and House rule XI, further proceedings on
the bill are postponed.
Now, the Committee will stand in recess subject to the call to the
Chair. Members, please return, do we know 11:40? Please return
at 11:40 to resume consideration of the bill on which the roll call
votes were requested and postponed.
[Recess.]
Chairman WILLIAMS. Okay. The Committee will now come to
order.
The Committee will resume consideration of the bills on which
roll call votes were requested and postponed. We start with H.R.
5763.
The question now is on adopting H.R. 5763 and ordering it favor-
ably to the House. The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted or wish to change their vote?
If not, the clerk will close the vote and the clerk will report.
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The CLERK. Mr. Chairman, on this vote, the ayes are 27 and the
noes are 0.
Chairman WILLIAMS. Okay. The motion is agreed to and H.R.
5763 is adopted and will be reported favorably to the House.
The question now is adopting H.R. 5788 and ordering it favorably
to the House. The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted or wish to change their vote?
Okay. If not, the clerk will close the vote and the clerk will re-
port.
The CLERK. Mr. Chairman, on this vote, the ayes are 27 and the
noes are 0.
Chairman WILLIAMS. The motion is agreed to and H.R. 5788 is
adopted and will be reported favorably to the House.
The question now is adopting H.R. 3496, as amended, and order-
ing it favorably to the House. The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted or wish to change the vote?
If not, the clerk will close the vote and the clerk will report.
The CLERK. Mr. Chairman, on this vote, the ayes are 27 and the
noes are 0.
Chairman WILLIAMS. Okay. The motion is agreed to and H.R.
3496, as amended, is adopted and will be reported favorably to the
House.
The question now is on ordering H.R. 5764, as amended, and or-
dering it favorably to the House.
The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted and wish to change their vote?
If not, the clerk will close the vote and the clerk will report.
The CLERK. Mr. Chairman, on this vote, the ayes are 27 and the
noes are 0.
Chairman WILLIAMS. The motion is agreed to and H.R. 5764,
as amended, is adopted and will be reported favorably to the
House.
The question now is on adopting H.R. 5784 and ordering it favor-
ably to the House. The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any of the Members who have
not voted or wish to change their vote?
If not, the clerk will close the vote and the clerk will report.
The CLERK. Mr. Chairman, on this vote, the ayes are 27 and the
noes are 0.
Chairman WILLIAMS. The motion is agreed to and H.R. 5784 is
adopted and will be reported favorably to the House.
The question now is on adopting H.R. 5778 and ordering it favor-
ably to the House. The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted or wish to change their vote?
If not, the clerk will close the vote and clerk will report.
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The CLERK. Mr. Chairman, on this vote, the ayes are 27 and the
noes are 0.
Chairman WILLIAMS. The motion is agreed to and H.R. 5778 is
adopted and will be reported favorably to the House.
Now, we will now vote on H.R. 4305. The question is on the
amendment offered by Representative Cisneros. The clerk will open
the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted or wish to change their vote?
If not, the clerk will close the vote and the clerk will report.
The CLERK. Mr. Chairman, on this vote, the ayes are 12 and the
noes are 15.
Chairman WILLIAMS. The amendment is not agreed to.
The question is on the amendment offered by Representative
Scholten. The clerk will open the vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other Members who have
not voted or wish to change their vote?
If not, the clerk will close the vote and the clerk will report.
The CLERK. Mr. Chairman, on this vote, the ayes are 12 and the
noes are 15.
Chairman WILLIAMS. Okay. The amendment is not agreed to.
Now, the question is now, is adopting to H.R. 4305, as amended,
and ordering it favorably to the House. The clerk will open the
vote.
[The vote was taken.]
Chairman WILLIAMS. Are there any other—okay. Are there any
Members who have not voted or wish to change their vote?
Okay. If not, the clerk will close the vote and the clerk will re-
port.
The CLERK. Mr. Chairman, on this vote, the ayes are 18 and the
noes are 9.
Chairman WILLIAMS. The motion is agreed to and H.R. 4305,
as amended, is adopted and will be reported favorably to the
House.
Now, if there is—okay. If there is no further business, this con-
cludes today’s markup. I want to say I think we had a good mark-
up. Bipartisanship is strong in this Committee, and we are getting
things done.
So, without objection, the Committee staff is authorized to make
technically conforming changes and Members have 2 business days
to file additional supplemental, dissenting, and minority views.
I want to thank all of you for being here today. Without objec-
tion, the Committee stands adjourned.
[Whereupon, at 11:51 a.m., the committee was adjourned.]
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APPENDIX
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Æ
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File and source
- File
- CHRG-119hhrg62202.pdf
- Size
- 45,503,333 bytes
- SHA-256
- 20135c704b4e9d9aaa0de0431858a6e2485bab004c7169912b3efa4e1e285ffd
- Our copy
- CHRG-119hhrg62202.pdf
- Original
- www.govinfo.gov