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Winter Legislative Updates:
By Carolou Goodridge
March 2010 - After a slight hiatus, we’re back with legislative updates that are important to you. Meanwhile, Congress has been hard at work…we promise. The operative word here is “work,” as in Jobs, Jobs, Jobs!
More specifically, Congress has passed the Jobs for Main Street Act of 2010 or the “Jobs Bill,” which among many advances, directs $354 million, fully offset, for the Small Business Administration (SBA) to continue two temporary loan guarantee authorities through the end of fiscal year 2010 to make loans more attractive to borrowers and lenders and to free up capital. Small businesses represent a major engine for the U.S. economy, but many small business owners have had a difficult time securing needed loans in these tight economic times. Read Chairman of the House Education and Labor Committee, Rep. George Miller’s statement on the passage of the Jobs Bill here
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Appropriations Update:
The Honorable Hilda Solis, Secretary of Labor Testifies before the House Labor HHS Appropriations Subcommittee: http://appropriations.house.gov/Witness_testimony/LHHS/Hilda_Solis_05_12_09.pdf
House Labor HHS Appropriations Subcommittee FY 2010 Bill Summary: http://appropriations.house.gov/pdf/LH_FY10_FC_Summary_as_amended_07-17-09.pdf
House Labor HHS Appropriations Subcommittee Earmarks: http://appropriations.house.gov/pdf/2010_LH_Sub_Disclosure.pdf
House Financial Services Appropriations Subcommittee FY 2010 Bill Summary: http://appropriations.house.gov/pdf/FY10_FS_Conference_Summary.pdf
Hearings, Statements, and Press Releases:
House Budget Committee releases President Obama’s FY2011 U.S. Budget: http://budget.house.gov/pres_budgets/fy2011/budgetfy2011.pdf
Landrieu, Snowe Letter to President Requests Support for Small Business Proposals
Administration Announces New $30 Billion Small Business Lending Fund: http://sbc.senate.gov/public/index.cfm?a=Files.Serve&File_id=f8172172-953d-4d95-ab20-801eb810722b
Velázquez Praises President’s Agenda Helping Small Businesses: http://www.house.gov/smbiz/PressReleases/2010/pr-1-27-10-SOTU.html
Velázquez on Legislation Extending Expiring SBA Programs : http://www.house.gov/smbiz/PressReleases/2009/pr-9-23-09-SBA-extension.html
House Approves Legislation Expanding Small Business Access to Capital: http://www.house.gov/smbiz/PressReleases/2009/pr-10-29-09-hr3854.html
Velázquez Comments on Small Business Administration Budget for Fiscal Year 2011: http://www.house.gov/smbiz/PressReleases/2010/pr-2-2-10-SBA-budget.html
“Oversight of the Small Business Administration and its Programs” http://www.house.gov/smbiz/Statements/2009/SBA-SDVOSB-oversight.html
““Tax Extenders: How to Ensure Small Business Growth and Continue Economic Recovery” http://www.house.gov/smbiz/democrats/Statements/2009/expiring-tax-incentives.html
“Condition of Small Business and Commercial Real Estate Lending in Local Markets” http://www.house.gov/smbiz/democrats/Statements/2010/small-business-lending.html
Senators Introduce Legislation to Improve HUBZone Program by Implementing GAO Recommendations
Landrieu, Snowe Introduce Bill to Boost Small Business Contracts
Snowe urges SBA to start contracting program for women
Working to level the playing field for women-owned businesses
The Subcommittee on Commerce, Trade, and Consumer Protection held a hearing titled, ‘Stimulating the Economy through Trade: Examining the Role of Export Promotion.’ The hearing examined the role of exports in U.S. economic growth, the impact of export promotion programs sponsored by the federal government, and the assistance available to help U.S. businesses expand markets for U.S. products. Read hearing testimonies here.
Statement for Introduction of the Small Business Trade Representation Act of 2009
Statement for Introduction of the Small Business Export Enhancement and International Trade Act of 2009
Visit our Legistlative Updates for prior updates
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