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Temporary Extension Of Authorization Of Programs Under Small Business Act and Small Business Investment Act of 1958

Floor Speech

Date: Feb. 7, 2007
Location: Washington, DC
Issues: Business and Consumers


TEMPORARY EXTENSION OF AUTHORIZATION OF PROGRAMS UNDER SMALL BUSINESS ACT AND SMALL BUSINESS INVESTMENT ACT OF 1958 -- (House of Representatives - February 07, 2007)

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Ms. VELÁZQUEZ. Mr. Speaker, I yield myself as much time as I may consume.

Mr. Speaker, today we will consider H.R. 434 as it came back to us from the Senate. This bill extends the authorization of the Small Business Administration and its programs through July 31, 2007. This short-term extension will ensure entrepreneurs continue to have access to the programs at the SBA that are designed to stimulate job creation and economic development throughout the United States.

Small businesses rely heavily on the SBA and its programs to start and run their ventures. As the sole Federal agency charged with assisting this Nation's 26 million small businesses, it is critical that the SBA is able to meet their needs.

While the original bill would have extended the agency until December 31, 2007, we will support this bill in order to ensure the agency's programs can operate through the end of July with no disruptions. As such, we move to pass H.R. 434 today.

I look forward to working with Ranking Member Steve Chabot to draft a bipartisan bill that will ensure the SBA can adequately and efficiently respond to the needs of entrepreneurs. Our Nation's main job creators, small businesses, deserve nothing less.

Mr. Speaker, I reserve the balance of my time.

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