On The Hill
The House Committee on Small Business will hold a hearing next Thursday, 3/07 at 10:00 AM on “The Rare Earth Mineral Marketplace: Examining the Small Business Role in this Critical Supply Chain.”
The House Committee on Small Business will hold a hearing next Wednesday, 3/06 at 10:00 AM on “Reducing Mismanagement: GAO Recommendations for Improving the SBA.”
The House Committee on Small Business will hold a hearing Tuesday, 3/12 at 10:00 AM on “Navigating Regulations: Alternative Pathways to Investing in Small Businesses.”
In The States
In New York, a recent legislation will restrict employers from accessing the personal social media accounts of their employees, with exceptions granted for legal obligations and business-related accounts. Several states are following suit by implementing comparable privacy safeguards to bolster individual privacy.
During the fiscal year 2022, Nevada‘s employment development agencies allocated $44,769 for each recently unemployed worker, amounting to a total expenditure of $15 million. This figure constitutes 40% of the state’s workforce development budget and is 20 times higher than the national average. Detractors argue that Nevada’s elevated job growth and vacancy rates, coupled with the disproportionately high cost of filling these positions, reflect an inefficient allocation of resources.
Bills of Interest
Rep. Jefferson Van Drew (R-NJ-2) introduced a bill to direct the Federal Communications Commission to establish a program to make grants to States for the deployment of broadband service in underserved areas by small business broadband providers.
Rep. Gregory Meeks (D-NY-5) introduced a bill to establish or modify requirements relating to minority depository institutions, community development financial institutions, and impact banks.
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