Information
Organization's Own Description:
The Economic Growth, Tax and Capital Access Subcommittee will evaluate the operation of the financial markets in the United States and their ability to provide needed capital to small businesses. In addition, the Subcommittee will review federal programs, especially those overseen by the SBA, aimed at assisting entrepreneurs in obtaining needed capital. Since the tax policy plays an integral role in access to capital, this Committee also will examine the impact of federal tax policies on small businesses.
• Oversight of capital access and financial markets including FinTech and digital asset companies.
• SBA financial assistance programs, including guaranteed loans, microloans, certified development company loans, and small business investment companies.
• Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act
• Oversight of the Consumer Financial Protection Bureau.
• Oversight of the Department of Agriculture business and industry guaranteed loan program.
• Oversight of general tax policy affecting small businesses.
• Oversight of the Internal Revenue Service.
• The management of the SBA’s COVID Relief programs and the agency’s disaster loan program.
• Analyze efforts to address challenges for the unbanked and underbanked business community and steps to increase capital access
• Review the challenges and opportunities presented by Fintech companies as it relates to small business capitalization.
• Investigate the implementation and efficacy of programs related to supporting the business community and nonprofits throughout the Covid19 pandemic, including but not limited to the Paycheck Protection Program, the Economic Injury Disaster Loan program, and other SBA programs.
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