PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan Statement on Treasury Secretary Yellen’s “No Show” at House Small Business Committee

By at 26 May, 2021, 1:14 pm

NEWS

For Immediate Release

Washington, D.C. – In response to U.S. Treasury Secretary Janet Yellen’s “no show” at a U.S. House Small Business Committee hearing today – as required by law – regarding COVID-19 government programs assisting small businesses, Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement:

“If small businesses do not recover from the devastation of COVID-19 our economy will not recover. The health of our small business economy and U.S. entrepreneurship should be a top priority for the U.S. Treasury Secretary, and it is an extraordinary development indeed that Janet Yellen was a no show at this important congressional hearing to discuss and assess the implementation of the massive taxpayer-supported COVID-19 relief programs to support small businesses.

“Secretary Yellen needs to fully understand the impact of these programs, where they fell short and where they succeeded, in order to guide the direction of policy moving forward. Furthermore, engaging with members of the House Small Business Committee on the range of policies being proposed by the Biden Administration – such as tax increases and new regulations – would have been beneficial for Secretary Yellen, as dramatic policies being proposed will affect small businesses both directly and indirectly, and their prospects for recovery.

“Small business owners and entrepreneurs should not have to fight to be heard, and cannot be ignored as they dig out of their toughest year yet. Secretary Yellen must listen and engage, especially when required by law, in order to fully understand what entrepreneurs and small businesses need in order to transition from day-to-day survival to full recovery.”

CONTACT:

Karen Kerrigan, kkerrigan@sbecouncil.org

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org for additional information. Twitter: @SBECouncil

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