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The public record · U.S. Senate · Standing committee

Small Business and Entrepreneurship Committee

ChairJoni Ernst(R)RankingEdward J. Markey(D)sbc.senate.gov

Meetings

Hearings, markups, and business meetings, most recent first.
Sep 232026
HearingHearings to examine small business, big impact, focusing on entrepreneurs at the heart of thriving communities for 250 years.
428A Russell Senate Office Building6:30 p.m.Scheduled
Aug 52026
HearingHearings to examine the next 250, focusing on small businesses leading the way.
428A Russell Senate Office Building6:30 p.m.Scheduled
Jun 172026
HearingHearings to examine 250 years of Main Street, focusing on retail to research.
428A Russell Senate Office Building6:30 p.m.Scheduled
Jun 32026
HearingHearings to examine federal benefits cliffs on small businesses and workers.
428A Russell Senate Office Building6:30 p.m.Scheduled
May 202026
HearingHearings to examine blowing the whistle, focusing on inside the grift that keeps giving.
428A Russell Senate Office Building6:30 p.m.Scheduled
May 132026
HearingHearings to examine industrialization and the rise of small manufacturers, including S.1555, to increase loan limits for loans made to small manufacturers, and H.R.3174, to increase loan limits for loans made to small manufacturers.
428A Russell Senate Office Building6:30 p.m.Scheduled
H.R. 3174Made in America Manufacturing Finance ActS. 1555Made in America Manufacturing Finance Act of 2025
Apr 292026
HearingHearings to examine the American Entrepreneurship for 250 Years: Driving Innovation, Growth, and Opportunity.
428A Russell Senate Office Building6:45 p.m.Scheduled
Mar 182026
MeetingHearings to examine sunshine week, focusing on bringing secret government spending to light, including S.766, to require an annual report of taxpayer-funded projects that are over budget and behind schedule, S.872, to amend the Federal Funding Accountability and Transparency Act of 2006 to ensure that other transaction agreements are reported to USAspending.gov, S.4059, to provide requirements for Executive agency spending at the end of a fiscal year, S.4130, to pub a public price tag on all projects supported with taxpayer dollars, and S.1199, to extend the statute of limitations for fraud under certain pandemic programs.
428A Russell Senate Office Building6:30 p.m.Scheduled
S. 1199SBA Fraud Enforcement Extension ActS. 4059End-of-Year Fiscal Responsibility ActS. 766Billion Dollar Boondoggle Act of 2025S. 872Stop Secret Spending Act of 2025S. 4130COST Act
Mar 112026
MeetingHearings to examine main street, focusing on growing the small business pet economy.
428A Russell Senate Office Building6:30 p.m.Scheduled
Feb 252026
MeetingHearings to examine from fraud to recovery, focusing on restoring integrity in small business programs, including S.1199, to extend the statute of limitations for fraud under certain pandemic programs.
428A Russell Senate Office Building7:30 p.m.Scheduled
S. 1199SBA Fraud Enforcement Extension Act
Jan 142026
MeetingHearings to examine growing the small business agricultural economy.
428A Russell Senate Office Building7:30 p.m.Scheduled
S. 1555Made in America Manufacturing Finance Act of 2025S. 2100Modernizing Agricultural and Manufacturing Bonds ActS. 3471EFFECTIVE Food Procurement Act
Dec 102025
MeetingHearings to examine running government like a small business, focusing on waste and fraud, including S.1199, to extend the statute of limitations for fraud under certain pandemic programs, S.3173, to prohibit the Small Business Administration from awarding sole source contracts until the Administration conducts a full audit of and submits to Congress a report on the business development program, S.1991, to amend chapter 33 of title 31, United States Code, to require adequate information regarding payments of Federal funds.
428A Russell Senate Office Building7:30 p.m.Scheduled
S. 1199SBA Fraud Enforcement Extension ActS. 1991Delivering On Government Efficiency in Spending ActS. 3173Stop 8(a) Contracting Fraud Act
Nov 192025
MeetingHearings to examine Trump's regulatory rollback, focusing on saving Americans $907 billion and counting.
428A Russell Senate Office Building7:30 p.m.Scheduled
Oct 82025
MeetingBusiness meeting to consider the nomination of William Kirk, of Maryland, to be Inspector General, Small Business Administration.
216 Capitol (Senate side)6:30 p.m.Scheduled
Sep 172025
MeetingHearings to examine using the 504 program to build America's manufacturing future, including S.2659, to amend the Small Business Investment Act of 1958 to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, S.2662, to amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and S.1555, to increase loan limits for loans made to small manufacturers.
428A Russell Senate Office Building6:30 p.m.Scheduled
S. 1555Made in America Manufacturing Finance Act of 2025S. 2659504 Credit Risk Management Improvement Act of 2025S. 2662504 Modernization and Small Manufacturer Enhancement Act of 2025
Sep 102025
MeetingHearings to examine the nomination of William Kirk, of Maryland, to be Inspector General, Small Business Administration.
428A Russell Senate Office Building6:30 p.m.Scheduled
Jul 232025
MeetingHearings to examine innovation in the crosshairs, focusing on countering China's industrial espionage.
428A Russell Senate Office Building6:30 p.m.Scheduled
Jul 162025
MeetingBusiness meeting to consider S.1555, to increase loan limits for loans made to small manufacturers, S.1199, to extend the statute of limitations for fraud under certain pandemic programs, S.2232, to expand the surety bond program under the Small Business Investment Act of 1958, and S.1703, to require the Administrator of the Small Business Administration to improve access to disaster assistance for individuals located in rural areas.
115 Capitol (Senate side)6:30 p.m.Scheduled
S. 1199SBA Fraud Enforcement Extension ActS. 1555Made in America Manufacturing Finance Act of 2025S. 2232Expanding the Surety Bond Program Act of 2025S. 1703Rural Small Business Resilience Act
May 212025
MeetingHearings to examine fueling America's manufacturing comeback, including S.305, to authorize small business loans to finance access to modern business software, S.1555, to increase loan limits for loans made to small manufacturers, S.1593, to exempt small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President.
428A Russell Senate Office Building2:00 p.m.Scheduled
S. 1555Made in America Manufacturing Finance Act of 2025S. 1593Small Business Liberation ActS. 305Small Business Technological Act of 2025
May 142025
MeetingHearings to examine financing America's manufacturing and industrial boom.
428A Russell Senate Office Building6:30 p.m.Scheduled
Apr 82025
MeetingA joint hearing with the House Committee on Small Business to examine prosperity on Main Street, focusing on keeping taxes low for small businesses.
210 HVC2:00 p.m.Scheduled
Apr 22025
MeetingBusiness meeting to consider the nominations of William Briggs, of Texas, to be Deputy Administrator, and Casey Mulligan, of Illinois, to be Chief Counsel for Advocacy, both of the Small Business Administration.
211 Capitol (Senate side)6:30 p.m.Scheduled
S. 1199SBA Fraud Enforcement Extension Act
Mar 272025
MeetingBusiness meeting to consider S.1047, to prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, S.1093, to amend the Small Business Act to enhance the Office of Rural Affairs, and the nominations of William Briggs, of Texas, to be Deputy Administrator, and Casey Mulligan, of Illinois, to be Chief Counsel for Advocacy, both of the Small Business Administration.
428A Russell Senate Office Building1:30 p.m.Scheduled
S. 1047Assisting Small Businesses Not Fraudsters ActS. 1093Coordinated Support for Rural Small Businesses Act
Mar 122025
MeetingHearings to examine the nomination of William Briggs, of Texas, to be Deputy Administrator, and Casey Mulligan, of Illinois, to be Chief Counsel for Advocacy, both of the Small Business Administration.
428A Russell Senate Office Building6:30 p.m.Scheduled
Mar 52025
MeetingHearings to examine reforming SBIR-STTR for the 21st century.
428A Russell Senate Office Building7:30 p.m.Scheduled
Loading earlier meetings…

Measures

What the committee has done with the bills sent to it, grouped by how far each one got: reported to the Senate, ordered reported, given a hearing, or referred and not yet taken up.
Reported
H.R. 2066Investing in All of America Act of 2025Daniel Meuser(Republican-Pennsylvania)
Dec 2, 2025
Referred To
Apr 16, 2026
Discharged From
S. 2232Expanding the Surety Bond Program Act of 2025Edward J. Markey(Democratic-Massachusetts)
Jul 9, 2025
Referred To
Jul 16, 2025
Markup By
Jul 30, 2025
Reported By
S. 1199SBA Fraud Enforcement Extension ActJoni Ernst(Republican-Iowa)
Mar 27, 2025
Referred To
Jul 16, 2025
Markup By
Jul 30, 2025
Reported By
Dec 10, 2025
Hearings By (full committee)
Feb 25, 2026
Hearings By (full committee)
Mar 18, 2026
Hearings By (full committee)
S. 1703Rural Small Business Resilience ActAmy Klobuchar(Democratic-Minnesota)
May 8, 2025
Referred To
Jul 16, 2025
Markup By
Jul 29, 2025
Reported By
S. 1555Made in America Manufacturing Finance Act of 2025Joni Ernst(Republican-Iowa)
May 1, 2025
Referred To
May 14, 2025
Hearings By (full committee)
May 21, 2025
Hearings By (full committee)
Jul 16, 2025
Markup By
Jul 29, 2025
Reported By
Sep 17, 2025
Hearings By (full committee)
Jan 14, 2026
Hearings By (full committee)
Mar 11, 2026
Hearings By (full committee)
May 13, 2026
Hearings By (full committee)
S. 1093Coordinated Support for Rural Small Businesses ActJeanne Shaheen(Democratic-New Hampshire)
Mar 24, 2025
Referred To
Mar 27, 2025
Markup By
Apr 1, 2025
Reported By
S. 1047Assisting Small Businesses Not Fraudsters ActTodd Young(Republican-Indiana)
Mar 13, 2025
Referred To
Mar 27, 2025
Markup By
Apr 1, 2025
Reported By
S. 371SBA Disaster Transparency ActTim Scott(Republican-South Carolina)
Feb 3, 2025
Referred To
Feb 12, 2025
Markup By
Mar 4, 2025
Reported By
S. 298Returning SBA to Main Street ActJoni Ernst(Republican-Iowa)
Jan 29, 2025
Referred To
Feb 21, 2025
Markup By
Mar 4, 2025
Reported By
S. 300DLARATed Budd(Republican-North Carolina)
Jan 29, 2025
Referred To
Feb 21, 2025
Markup By
Mar 4, 2025
Reported By
S.Res. 71An original resolution authorizing expenditures by the Committee on Small Business and Entrepreneurship.Joni Ernst(Republican-Iowa)
Feb 11, 2025
Reported Original Measure
S. 273Small Business Child Care Investment ActJacky Rosen(Democratic-Nevada)
Jan 28, 2025
Referred To
Feb 5, 2025
Markup By
Feb 10, 2025
Reported By
S. 68Complete COVID Collections ActJoni Ernst(Republican-Iowa)
Jan 9, 2025
Referred To
Feb 5, 2025
Markup By
Feb 10, 2025
Reported By
Referred
S. 5291Small Business Cybersecurity Assistance Evaluation Act of 2026Adam B. Schiff(Democratic-California)
Aug 6, 2026
Referred To
S. 5286Supporting Disabled Entrepreneurs ActJeanne Shaheen(Democratic-New Hampshire)
Aug 6, 2026
Referred To
S.J.Res. 202A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans".Edward J. Markey(Democratic-Massachusetts)
Jul 23, 2026
Referred To
H.R. 7401Small Business Lending Fraud Prevention ActDaniel Meuser(Republican-Pennsylvania)
Jul 13, 2026
Referred To
H.R. 915Small Business Technological Advancement ActMark Alford(Republican-Missouri)
Jul 13, 2026
Referred To
S. 4948SBA IT Modernization Reporting ActAdam B. Schiff(Democratic-California)
Jul 13, 2026
Referred To
H.R. 8881SBA Artificial Intelligence Utilization Act of 2026Brad Finstad(Republican-Minnesota)
Jun 24, 2026
Referred To
H.R. 8879Oversight and Transparency for Small Business Certifications Act of 2026Johnny Olszewski, Jr.(Democratic-Maryland)
Jun 24, 2026
Referred To
H.R. 7396Native American Entrepreneurial Opportunity ActSharice Davids(Democratic-Kansas)
Jun 24, 2026
Referred To
H.R. 826COVID Fraud Transparency Act of 2026Roger Williams(Republican-Texas)
Jun 24, 2026
Referred To
S. 4674DUMP Red Tape ActRick Scott(Republican-Florida)
Jun 3, 2026
Referred To
S. 4532Small Business Wildfire Smoke Recovery ActCatherine Cortez Masto(Democratic-Nevada)
May 14, 2026
Referred To
Loading more measures…

Nominations

The Senate confirms these appointments, and this committee examines the nominee first.
Reported
Small Business AdministrationPN141-25William Kirk, of Maryland, to be Inspector General, Small Business Administration, vice Hannibal Ware.
Nominees
  • William Kirk
May 6, 2025
Received in the Senate and referred sequentially to the Committee on Small Business and Entrepreneurship; when reported by the Committee on Small Business and Entrepreneurship, pursuant to an order of January 7, 2009, to be sequentially referred to the Committee on Homeland Security and Governmental Affairs for 20 calendar days.
Sep 10, 2025
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 119-169.
Oct 8, 2025
Referred sequentially to the Committee on Homeland Security and Governmental Affairs for 20 calendar days under authority of the order of the Senate of 01/07/2009.
Oct 8, 2025
Reported by Senator Ernst, Committee on Small Business and Entrepreneurship, without printed report.
Oct 8, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported favorably.
Oct 23, 2025
Committee on Homeland Security and Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 119-216.
Oct 28, 2025
Placed on Senate Executive Calendar. Calendar No. 509.
Oct 28, 2025
Senate Committee on Homeland Security and Governmental Affairs discharged under the authority of the order of the Senate of 01/07/2009.
Dec 11, 2025
Cloture motion presented in Senate.
Dec 11, 2025
Motion to proceed to executive session to consideration of nomination pursuant to S. Res. 532, 119th Congress agreed to in Senate by Voice Vote.
Dec 17, 2025
By unanimous consent agreement, debate 12/18/2025.
Dec 17, 2025
Considered by Senate.
Dec 17, 2025
Cloture invoked in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 653.
Dec 17, 2025
By unanimous consent agreement, mandatory quorum required under Rule XXII waived.
Dec 18, 2025
Confirmed by the Senate by Yea-Nay Vote. 53 - 43. Record Vote Number: 655.
Dec 18, 2025
Considered by Senate.
Small Business AdministrationPN13-11Casey Mulligan, of Illinois, to be Chief Counsel for Advocacy, Small Business Administration, vice Darryl L. DePriest, resigned.
Nominees
  • Casey Mulligan
Jan 22, 2025
Received in the Senate and referred to the Committee on Small Business and Entrepreneurship.
Mar 12, 2025
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 119-50.
Apr 2, 2025
Placed on Senate Executive Calendar. Calendar No. 59. Subject to nominee's commitment to respond to requests to appear and testify before any duly constituted committee of the Senate.
Apr 2, 2025
Reported by Senator Ernst, Committee on Small Business and Entrepreneurship, without printed report.
Apr 2, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported favorably.
Jul 29, 2025
Cloture motion presented in Senate.
Jul 29, 2025
Motion to proceed to executive session to consideration of nomination agreed to in Senate by Voice Vote.
Jul 31, 2025
By unanimous consent agreement, vote to be determined.
Jul 31, 2025
Considered by Senate.
Jul 31, 2025
Cloture invoked in Senate by Yea-Nay Vote. 52 - 44. Record Vote Number: 465.
Jul 31, 2025
By unanimous consent agreement, mandatory quorum required under Rule XXII waived.
Jul 31, 2025
By unanimous consent agreement, vote 7/31/2025.
Aug 1, 2025
Confirmed by the Senate by Yea-Nay Vote. 52 - 44. Record Vote Number: 469.
Aug 1, 2025
Considered by Senate.
Small Business AdministrationPN13-3William Briggs, of Texas, to be Deputy Administrator of the Small Business Administration, vice Dilawar Syed, resigned.
Nominees
  • William Briggs
Jan 22, 2025
Received in the Senate and referred to the Committee on Small Business and Entrepreneurship.
Mar 12, 2025
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 119-50.
Apr 2, 2025
Placed on Senate Executive Calendar. Calendar No. 58. Subject to nominee's commitment to respond to requests to appear and testify before any duly constituted committee of the Senate.
Apr 2, 2025
Reported by Senator Ernst, Committee on Small Business and Entrepreneurship, without printed report.
Apr 2, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported favorably.
Jul 1, 2025
Cloture motion presented in Senate.
Jul 1, 2025
Motion to proceed to executive session to consideration of nomination agreed to in Senate by Voice Vote.
Jul 8, 2025
By unanimous consent agreement, vote 7/9/2025.
Jul 9, 2025
Confirmed by the Senate by Yea-Nay Vote. 49 - 45. Record Vote Number: 380.
Jul 9, 2025
Considered by Senate.
Jul 9, 2025
Cloture invoked in Senate by Yea-Nay Vote. 51 - 44. Record Vote Number: 378.
Jul 9, 2025
By unanimous consent agreement, mandatory quorum required under Rule XXII waived.
Small Business AdministrationPN11-18Kelly Loeffler, of Georgia, to be Administrator of the Small Business Administration.
Nominees
  • Kelly Loeffler
Jan 20, 2025
Received in the Senate and referred to the Committee on Small Business and Entrepreneurship.
Jan 29, 2025
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 119-18.
Feb 5, 2025
Placed on Senate Executive Calendar. Calendar No. 20. Subject to nominee's commitment to respond to requests to appear and testify before any duly constituted committee of the Senate.
Feb 5, 2025
Reported by Senator Ernst, Committee on Small Business and Entrepreneurship, without printed report.
Feb 5, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported favorably.
Feb 6, 2025
Cloture motion presented in Senate.
Feb 6, 2025
Motion to proceed to executive session to consideration of nomination agreed to in Senate by Yea-Nay Vote. 53 - 45. Record Vote Number: 48.
Feb 13, 2025
Considered by Senate.
Feb 13, 2025
Cloture invoked in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 55.
Feb 13, 2025
By unanimous consent agreement, mandatory quorum required under Rule XXII waived.
Feb 18, 2025
By unanimous consent agreement, vote 2/19/2025.
Feb 19, 2025
Confirmed by the Senate by Yea-Nay Vote. 52 - 46. Record Vote Number: 59.
Feb 19, 2025
Considered by Senate.

Sent to this committee

Official communications addressed to this committee — reports a statute requires an agency to file, messages from the President, and petitions and memorials asking Congress to act. The committee takes receipt of all of them.
Sep 142026
Executive CommunicationEC-4423

A communication from the Director, Office of Management and Budget, Executive Office of the President, transmitting, pursuant to law, a report entitled "OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2027"; to the Special Committee on Aging; Agriculture, Nutrition, and Forestry; Appropriations; Armed Services; Banking, Housing, and Urban Affairs; the Budget; Commerce, Science, and Transportation; Energy and Natural Resources; Environment and Public Works; Select Committee on Ethics; Finance; Foreign Relations; Health, Education, Labor, and Pensions; Homeland Security and Governmental Affairs; Indian Affairs; Select Committee on Intelligence; the Judiciary; Rules and Administration; Small Business and Entrepreneurship; and Veterans' Affairs.

Jul 162026
Executive CommunicationEC-4075

A communication from the Administrator of the General Services Administration, transmitting, pursuant to law, reports required by the Small Business Act on all prime contract procurements; to the Committee on Small Business and Entrepreneurship.

Jun 12026
Executive CommunicationEC-3566

A communication from the Senior Advisor, Department of Health and Human Services, transmitting, pursuant to law, a report relative to a vacancy and designation of an acting officer for a position covered by the Federal Vacancies Reform Act of 1998 for the position of Chief Counsel, Small Business Administration, received in the Office of the President of the Senate on May 21, 2026; to the Committee on Small Business and Entrepreneurship.

Mar 42026
Executive CommunicationEC-2889

A communication from the Associate Administrator, Congressional and Legislative Affairs, Small Business Administration, transmitting, pursuant to law, the report of a rule entitled "Improving SBA Disaster Loan Ability to Provide Meaningful and Timely Assistance" (RIN3245-AI71) received in the Office of the President of the Senate on March 3, 2026; to the Committee on Small Business and Entrepreneurship.

Executive CommunicationEC-2888

A communication from the Associate Administrator, Congressional and Legislative Affairs, Small Business Administration, transmitting, pursuant to law, the report of a rule entitled "Small Business Investment Company (SBIC) Regulatory Amendments" (RIN3245-AI14) received in the Office of the President of the Senate on March 3, 2026; to the Committee on Small Business and Entrepreneurship.

Executive CommunicationEC-2887

A communication from the Associate Administrator, Congressional and Legislative Affairs, Small Business Administration, transmitting, pursuant to law, the report of a rule entitled "Small Business Investment Company (SBIC) Accrual Regulatory Amendments" (RIN3245-AI28) received in the Office of the President of the Senate on March 3, 2026; to the Committee on Small Business and Entrepreneurship.

Jun 242025
Executive CommunicationEC-1190

A communication from the Director, Office of Management and Budget, Executive Office of the President, transmitting, pursuant to law, a report entitled "OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2026"; to the Special Committee on Aging; Agriculture, Nutrition, and Forestry; Appropriations; Armed Services; Banking, Housing, and Urban Affairs; the Budget; Commerce, Science, and Transportation; Energy and Natural Resources; Environment and Public Works; Select Committee on Ethics; Finance; Foreign Relations; Health, Education, Labor, and Pensions; Homeland Security and Governmental Affairs; Indian Affairs; Select Committee on Intelligence; the Judiciary; Rules and Administration; Small Business and Entrepreneurship; and Veterans' Affairs.

Jun 92025
Executive CommunicationEC-1071

A communication from the Acting Administrator of the General Services Administration, transmitting, pursuant to law, three (3) reports relative to data on all Federal Government procurement contract awards; and to the dollar amount and the distribution of subcontracts awarded during fiscal year 2024 with respect to the North American Industry Classification System; to the Committee on Small Business and Entrepreneurship.

Apr 42025
Executive CommunicationEC-721

A communication from the Director, Office of Management and Budget, Executive Office of the President, transmitting, pursuant to law, a report entitled "OMB Final Sequestration Report to the President and Congress for Fiscal Year 2025"; to the Special Committee on Aging; Agriculture, Nutrition, and Forestry; Appropriations; Armed Services; Banking, Housing, and Urban Affairs; the Budget; Commerce, Science, and Transportation; Energy and Natural Resources; Environment and Public Works; Select Committee on Ethics; Finance; Foreign Relations; Health, Education, Labor, and Pensions; Homeland Security and Governmental Affairs; Indian Affairs; Select Committee on Intelligence; the Judiciary; Rules and Administration; Joint Committee on Taxation; Small Business and Entrepreneurship; and Veterans' Affairs.

Mar 262025
Executive CommunicationEC-636

A communication from the Chief Human Capital Officer, Small Business Administration, transmitting, pursuant to law, a report relative to a vacancy in the position of Administrator, Small Business Administration, received during adjournment of the Senate in the Office of the President of the Senate on March 20, 2025; to the Committee on Small Business and Entrepreneurship.