ABSTRACT

Examination of the SBA's COVID-19 Programs, Hearing Before the Committee on Small Business, United States House of Representatives, One Hundred Seventeenth Congress, First Session, May 26, 2021   [open pdf - 4MB]

This is the May 26, 2021 hearing on "Examination of SBA's [U.S. Small Business Administration's] COVID-19 [coronavirus disease 2019] Programs," held before the U.S. House Committee on Small Business. From the opening statement of Nydia Velazquez: "In 2020, COVID-19 closed more businesses than any other year on record and left countless other entrepreneurs clinging for their survival. [...] Congress has passed eight small business relief bills, allocating more than $1 trillion to small firms during their darkest hour. The federal government's efforts to save small business were extraordinary, but distributing this aid was a monumental task for SBA. The $1 trillion-plus in federal funding represented more than 10 times SBA's annual budget. As a result, the agency administered more aid during the COVID crisis than it had for all other disasters combined during its 67-year history. [...] For over a year, small businesses have persevered through a once-in-a-lifetime crisis. Today, thanks to our collective efforts, small firms have hope. Across the country, customers are returning and business conditions are normalizing thanks to vaccines and public health measures. Though the pandemic may be receding, we must continue to work as a Committee to see small businesses to the end of the crisis and help facilitate a strong recovery." Statements, letters, and materials submitted for the record include those of the following: Isabella Casillas Guzman.

Report Number:
Small Business Committee Document No. 117-015
Publisher:
Date:
2022
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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