oversight responsibilities

The heads of two federal agencies with financial oversight responsibilities have told Congress that their jurisdiction can be split over the instruments blamed for hastening the global economic crisis.

WASHINGTON (PRESS RELEASE, May 21, 2009) — The United States Senate Committee on Small Business and Entrepreneurship today held a hearing to look into contracting opportunities for small businesses as a result of the American Recovery and Reinvestment Act.

In addition to key provisions to increase lending to entrepreneurs, the Recovery Act invests in infrastructure projects throughout the country, creating opportunities for small businesses nationwide.