WASHINGTON, DC — Today, the House Small Business Committee Subcommittee on Oversight, Investigations, and Regulations, led by Chairman Dean Phillips (D-MN), held a hearing focused on assessing the implementation and effectiveness of the Small Business Administration’s (SBA) pandemic related grant programs. The hearing gathered small business owners and stakeholders to testify on their experience obtaining relief and their recommendations for improving the programs.
“Recognizing the need for alternative relief options, Congress and this Committee have worked to provide direct economic relief to small firms that can’t afford to weigh down their balance sheets with more debt,” said Chairman Phillips. “I hope that by taking a closer look at these programs, we can gain a better understanding of the challenges that federal grant programs face, as well as the important relief that these programs are providing to struggling small businesses across the country.”
Since the COVID crisis began devastating small businesses, Congress has worked to provide small firms that couldn’t afford to take on more debt with direct economic relief through grants. The hearing focused on two SBA grant programs implemented in 2021 to reach the most impacted sectors of the economy, the Shuttered Venue Operator Grant (SVOG) program and the Restaurant Revitalization Fund (RRF). Over the course of the year these programs will deliver nearly $50 billion to struggling small businesses across the country.
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