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Recognizing Small Businesses and SBA's 70th Anniversary

This House Resolution celebrates the 70th anniversary of the Small Business Administration (SBA) and acknowledges the vital contributions of entrepreneurs and small businesses to the U.S. economy. Citizens should understand that small businesses are major job creators and receive support from the SBA for funding, training, and government contracts, impacting local job markets and service availability.
Key points
The resolution celebrates 70 years of support for small businesses by the Small Business Administration (SBA).
It highlights that small businesses make up 99.9% of all U.S. businesses and employ nearly half of all workers.
SBA assists small businesses in accessing capital, offers free training and counseling, and helps them secure government contracts.
The resolution recognizes the contribution of entrepreneurs to job creation and economic growth.
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Additional Information
Print number: 118_HRES_633
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2023-07-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Expressing the approval of Congress for the 70th anniversary celebration of the Small Business Administration and in recognition of America's entrepreneurs and job creators for their important contributions to the United States economy.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HRES_633.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-27.

What are the main provisions?

Key points include:

  • The resolution celebrates 70 years of support for small businesses by the Small Business Administration (SBA).
  • It highlights that small businesses make up 99.9% of all U.S. businesses and employ nearly half of all workers.
  • SBA assists small businesses in accessing capital, offers free training and counseling, and helps them secure government contracts.
  • The resolution recognizes the contribution of entrepreneurs to job creation and economic growth.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Velazquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Labor