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Public Statements

SBA Grinds to a Halt

Floor Speech

Location: Washington, DC

Mrs. CAROLYN B. MALONEY of New York. Mr. Speaker, the economic disruption caused by the Republican-orchestrated shutdown continues to mount. The negative impact on the lives of the American people and the loss of jobs and opportunities continues to rise.

As one example, in my home district of New York, the shutdown is hitting some small business owners really hard because it brought to an absolute halt any work of the Small Business Administration. On average, the Small Business Administration approves over 9 million loans in my district alone for small businesses each month, but because of this shutdown, zero. Zero are being approved--small business loans, real estate or equipment loans, and this has a terrible ripple effect on our economy.

It was bad enough that the majority would not bring a single meaningful jobs bill, infrastructure or transportation bill to the floor for a vote to create jobs; but now, this reckless, long-planned action to bring the work of the government to a halt, it is actively killing jobs, killing opportunity, killing hope.

Let's bring a clean budget up for a vote today and put people over politics.

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