Mobile Menu - OpenMobile Menu - Closed

Congresswoman Nydia Velazquez

Representing the 7th District of New York

Connect

Economy

Today, there is a shamefully large gap between the rich and the poor in America. Working families should not have to live in poverty in a country of our wealth. Congresswoman Velázquez is focused on fostering principled investments that will eliminate the technological divide that exists and improve the quality of life for everyone in our communities.

The Congresswoman strongly supports efforts to establish a living wage, strengthening one of America’s most important anti-poverty measures—the Earned Income Tax Credit—and providing workers with the leverage they need to negotiate fair wages, health insurance and safe workplace conditions. These programs will help to improve the lives of all laborers in the 7th District and their families.

The federal government must join together with local communities to reclaim and restore environmentally-damaged areas so that residents can enjoy the use of safe and vibrant locations throughout their communities. She recognizes that revitalizing our neighborhoods is a key component to improving the local economy, and is committed to making New York’s 7th Congressional District a better place for all its residents.

More on Economy

November 15, 2019 Press Release

Washington, DC –The U.S. House of Representatives has approved legislation authored by Rep. Nydia M. Velázquez (D-NY) that would help companies operating in Puerto Rico and the other U.S. territories to export their products abroad.  Velázquez’s legislation, the Office of Territorial Exporting Act, passed as part of H.R. 4863, House Democrats’ larger bill to reauthorize the Export-Import Bank. 

November 14, 2019 Press Release

Washington, DC –The House Financial Services Committee has approved legislation authored by Rep. Nydia M. Velázquez (D-NY) that would end a predatory commercial lending practice. The bill, H.R. 3490, the “Small Business Lending Fairness Act,” would amend the Truth in Lending Act (TILA) to restrict the use of predatory contract clauses called “confessions of judgment,” which are often used in small business loans.   

November 14, 2019 Press Release

Small Business Lending Fairness Act Would End “Confessions of Judgment” in Commercial Lending

Unfair Loan Terms Have Been Linked to Taxi Medallion Crisis

October 31, 2019 Press Release

Washington, DC –The House Financial Services Committee has approved legislation authored by Rep. Nydia M. Velázquez (D-NY) that would help companies operating in Puerto Rico and the other U.S. territories to export their products abroad.  Passed as part of a larger bill reauthorizing the Export-Import Bank, her measure would establish a new office aimed at conducing outreach and education to exporting businesses, helping ensure they can access financial assistance offered by the Bank.

October 8, 2019 Newsletter

In this issue:

  • A Note from Congresswoman Velázquez
  • Addressing Gun Violence
  • Announcing Resources for Local Healthcare, Education
  • Championing Our Veterans
  • Seeking Financial Relief for NY Cabbies
  • Fighting for our Immigrants
  • Protecting the Environment from Unsafe Pesticides


A Note from Congresswoman Velázquez

September 20, 2019 Press Release

Washington, DC – The House Financial Services Committee has passed legislation authored by Rep. Nydia M. Velázquez (D-NY) aimed at addressing growing income discrepancy between company CEOs, other senior staff and median-pay employees.  Velázquez’s bill, the Greater Accountability in Pay, H.R. 4242, would require public companies to disclose the pay raise percentage of its executives and median-pay employees, as well as compare each to the rate of inflation.

September 16, 2019 Press Release

Washington, DC – Rep. Nydia M. Velázquez (D-NY) has introduced H.R. 4299, the Data Preservation Act of 2019, which would promote the discovery and use of the Nation’s geoscience collections by reauthorizing the National Geological and Geophysical Data Preservation Program within the United States Geological Survey through 2024.

September 4, 2019 Press Release

Washington, DC – Rep. Nydia M. Velázquez (D-NY) released the following statement opposing the Trump Administration’s plan to take more than $402 million of Department of Defense money from Puerto Rico to help fund the building of a border wall with Mexico:

“It is tragically ironic that as we approach the two-year anniversary of Maria and our fellow citizens continue struggling to recover, the President of the United States is effectively pulling the rug out from under them to pay for an unpopular, hateful and ineffective border wall. 

July 25, 2019 Press Release

WASHINGTON, D.C. – Today, Congresswoman Nydia M. Velázquez (D-N.Y.), Senator Mazie K. Hirono (D-Hawaii), Senator Thom Tillis (R-N.C.), and Congressman Steve Stivers (R-Ohio) introduced bicameral, bipartisan legislation, the Inventor Diversity for Economic Advancement Act (“IDEA Act”) of 2019. The IDEA Act is designed to help close the gap faced by women, minorities, and others when it comes to procuring patent rights in the United States.

June 25, 2019 Press Release

Washington, D.C.­­ – Rep. Nydia M. Velázquez (D-NY) testified today before the House Judiciary Committee in support of her legislation, the Puerto Rico Recovery Accuracy in Disclosures Act, H.R. H.R. 683. 

Text of her testimony is below and video is online here