FOR IMMEDIATE RELEASE:
April 22, 2022
Contact: Press_Paul@paul.senate.gov, 202-224-4343
WASHINGTON, D.C. – Recently, Ranking Member Paul and Republican Members of the U.S. Senate Committee on Small Business and Entrepreneurship sent a letter to Treasury Secretary Janet Yellen to request she fulfill her statutory obligations to testify before the Committee.
“As you know, Section 32(b)1 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (title III of division N of Public Law 116-260) requires the Secretary of the Treasury to testify before the U.S. Senate Committee on Small Business and Entrepreneurship regarding the implementation of the Act and the amendments made by the Act. The obligations under this provision mandate an appearance from the Secretary no less than 120 days after the date enactment, and twice annually each year thereafter. You are now delinquent on two appearances before this Committee,” the Senators wrote. “Not only have you failed to comply with the statutory requirements to appear before the Committee, but you have also failed to provide a response to the Ranking Member's letter dated May 6, 2021 reminding you of these legal obligations. Again, this is unacceptable.”
SBA Administrator Isabella Casillas Guzman is scheduled to appear before the Small Business and Entrepreneurship Committee on Wednesday, April 27, 2022. Republican members expect Secretary Yellen to appear before the Committee with Administrator Guzman on this date to partially satisfy her outstanding obligations under law.
You can read the full letter to Secretary Yellen HERE.