Rep. Nydia M. Velazquez, D-N.Y., the ranking Democrat on the House Small Business Committee, has introduced two bills to foster entrepreneurship and help small firms grow and succeed.
The legislation tackles the two issues of access to capital and fairness in the federal marketplace. To create additional options for firms seeking credit, Velazquez has introduced the Strengthening Entrepreneurs' Economic Development (SEED) Act. By establishing a direct lending program at the Small Business Administration, the legislation would open additional channels of capital to small firms, enabling them to expand and hire.
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