Petaluma, Calif. - Members of the House Committee on Small Business are being accused of selling out America's 26 million small businesses in exchange for contributions from wealthy venture capitalists. During 2008, members of the House Committee on Small Business have been targeted with a slew of campaign contributions from the National Venture Capital Association (NVCA). According to Opensecrets.org, 13 members of the committee have received contributions from NVCA this year alone. Additionally, Rep. Velázquez has been the top committee recipient of funds from NVCA during 2008.
This is the second time in less than a year that a proposal has come out of the House Committee on Small Business that will divert billions of dollars in federal contracts earmarked for small business into the hands of the nation's wealthiest venture capitalists.
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American Small Business League
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