House Committee Talks Lending, Contracting

October 25, 2017

This week, the House Committee on Small Business is holding two hearings, one focusing on the Offices of Small and Disadvantaged Business Utilization (OSDBUs), and the other on online lending options for small businesses.

On Wednesday, Oct. 25 at 11:00 a.m., the House Small Business Subcommittee on Contracting and Workforce will hold a hearing, “GAO (Government Accountability Office) Audit Reveals Half-Measures Taken by Small Business Advocates.” Among the key witnesses is William Shear, director of financial markets and community investment at the GAO who will discuss their recent audit of OSDBUs and these offices’ compliance with the Small Business Act.

On Thursday, October 26, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet at 10:00 a.m. for a hearing examining small-business lending and the role online lending plays. The hearing, “Financing Through Fintech: Online Lending’s Role in Improving Small Business Capital Access,” will feature lending and credit experts who will discuss lending trends and how online lenders can meet a particular need in the small-business community.