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Officially established on October 8, 1940, the Senate Committee on Small Business and Entrepreneurship was established to analyze and identify problems of small businesses. The committee oversees the operations of the small business administration[https://en.wikipedia.org/wiki/Small_Business_Administration Small Business Administration], an agency responsible for providing support to both entrepreneurs and small businesses. Ten republicans and nine democrats form the current membership of the special committee. Some of the major issues that the committee attempts to alleviate for small businesses include, but are not limited to: capital accessibility, business development hurdles, contracting and associated complications, and underrepresented entrepreneur populations.