luetkemeyer: thank you. madam speaker, as our economy continues to recover and as our small businesses rebuild, existing federal government programs, tools, and resources need to be ready to provide assistance. processes that are low and unwielding must be examined and retold to ensure they are working on behalf of small businesses and the american public. h.r. 1490, the 504 modernization and small manufacturer enhancement act of 2021, takes these steps to streamline the program while ensuring it is a viable option for small businesses as they recover and grow. h.r. 1490 places a direct focus on our nation's small manufacturers. we must continue to work in a bipartisan manner to ensure these programs are ready for recovery. with that, i urge my colleagues to support h.r. 1490 and yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentlewoman from kansas is recognized. ms. davids: thank you, madam speaker. madam speaker, the s.b.a.'s 504 loan program has made a signific

luetkemeyer. the gentleman yields back. committee members have an opening center prepared, we'll ask that the submitted for the record. i would like to take a moment to explain how this hearing will proceed. each witness will have five minutes to provide a statement and each committee member will have five minutes for questions. please ensure that your mic is on when you begin speaking and you return to mute when finished. with that i would like to introduce eyewitnesses. our first witness is mr. bill shear. mr. shear is the director in gao's financial markets and community investment team. he leads gao in addressing the sba community and economic development programs, and native american housing issue. as part of his portfolio he oversees evaluations of sba contracting disaster assistance, credit and transfer programs. he has a masters degree in public public policy and a phd in economics both from the university of chicago. welcome, mr. hsu. our second witness is the honorable hannibal mike ware, inspector general of the

luetkemeyer. the gentleman yields back. committee members have an opening center prepared, we'll ask that the submitted for the record. i would like to take a moment to explain how this hearing will proceed. each witness will have five minutes to provide a statement and each committee member will have five minutes for questions. please ensure that your mic is on when you begin speaking and you return to mute when finished. with that i would like to introduce eyewitnesses. our first witness is mr. bill shear. mr. shear is the director in gao's financial markets and community investment team. he leads gao in addressing the sba community and economic development programs, and native american housing issue. as part of his portfolio he oversees evaluations of sba contracting disaster assistance, credit and transfer programs. he has a masters degree in public public policy and a phd in economics both from the university of chicago. welcome, mr. hsu. our second witness is the honorable hannibal mike ware, inspector general of the

lute miker and mr. -- luetkemeyer and mr. barr. with that i urge my colleagues to vote no but understand if they do vote yes and yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. the gentleman from colorado. mr. perlmutter: thank you, mr. speaker. i thank the gentleman from north carolina. to his point there is a broader discussion that has to take place, but the purpose of this bill is a public safety purpose. it is a purpose to get people from being killed, from being robbed, from being assaulted. and that is within the financial services arena because at this point the cannabis industry and the people that serve it in one way or another have to deal in cash, which attracts, really creates the potential for the robberies, for the murders, for the assaults. and so we have been able to gather a lot of support from this. i mentioned the bankers and the credit unions and the insurance industry, the cannabis industry, obviously, the real estate industry, the armored cars, law enforcement. la