Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,514.37 65.12 0.40%
S&P 500 1,879.55 7.66 0.41%
NASDAQ 4,161.46 39.91 0.97%
Ticker Volume Price Price Delta
STOXX 50 3,199.69 43.88 1.39%
FTSE 100 6,681.76 56.51 0.85%
DAX 9,600.09 190.38 2.02%
Ticker Volume Price Price Delta
NIKKEI 14,546.27 157.50 1.09%
TOPIX 1,173.81 11.31 0.97%
HANG SENG 22,532.94 -197.74 -0.87%

Nydia Velazquez, Sam Graves Named the Most Anti-Small Business U.S. Representatives, According to the American Small Business



  Nydia Velazquez, Sam Graves Named the Most Anti-Small Business U.S.
  Representatives, According to the American Small Business League

Business Wire

PETALUMA, Calif. -- May 31, 2012

The following is a statement by the American Small Business League:

Congresswoman Nydia Velazquez (D-NY) and Congressman Sam Graves (R-MO) have
been named by the American Small Business League (ASBL) as the most anti-small
business members of the U.S. House of Representatives.

The ASBL points to the fact that Rep. Velazquez and Rep. Graves have worked
for years to dismantle federal small business programs and divert billions in
federal contract dollars earmarked for small businesses to billionaire venture
capitalists and their syndicates. Both representatives have also given tacit
approval for the diversion of federal small business contracts to corporate
giants by refusing to back legislation that would prevent Fortune 500
companies from hijacking federal small business contracts.

The ASBL estimates that every year tens of billions of dollars worth of
federal small business contracts are diverted to firms such as Lockheed
Martin, Boeing, BlackWater, Home Depot, John Deere, Apple Inc., Rolls-Royce
and Italian defense firm Finmeccanica, which has 75,000 employees and over $30
billion annual revenue.

In 2005, report 5-15 from the Small Business Administration’s Office of
Inspector General referred to the diversion of federal small business
contracts as “one of the most important challenges facing the Small Business
Administration and the entire Federal government today.”

For the last seven consecutive years the SBA Inspector General has named the
diversion of federal small business contracts as the agency’s “top management
challenge” yet both Rep. Graves and Rep. Velazquez have blocked legislation
(H.R. 3184, “The Fairness and Transparency in Contracting Act”) that would
prevent corporate giants from hijacking billions of dollars worth of federal
contracts reserved for small businesses.

“Let’s look at the facts,” ASBL President Lloyd Chapman said. “America is in
the middle of the worst economic downturn in 80 years; we know from the U.S.
Census Bureau that small businesses create 90 percent of net new jobs; and
that directing federal infrastructure dollars to America’s 28 million small
businesses is one of the best ways to stimulate the economy and create jobs –
but Reps. Graves and Velazquez are instead trying to dismantle all federal
small business programs. These two representatives are prime examples of why
Congress has such record low approval.”

Contact:

American Small Business League
Brian Reeder, 707-789-9575
Communications Director
brianreeder@asbl.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement