Ranking Member Markey Condemns Trump Executive Order Undermining Support for Minority Small Business Owners
Summary
In a statement dated March 19, 2025, Senate Small Business and Entrepreneurship Committee Ranking Member Markey (D-Mass.) condemns President Trump's Executive Order announced on March 14, 2025, which seeks to gut government agencies including the Minority Business Development Agency (MBDA). The statement says dismantling the agency, which has fostered growth and competitiveness for more than 50 years, would be illegal. It states that since 2021, the Boston MBDA center has assisted 550 businesses in Massachusetts representing 2,800 jobs.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Ranking Member Markey Condemns Trump Executive Order Undermining Support for Minority Small Business Owners.”
Original at www.sbc.senate.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/committee-0a877c3f7098463f/
, SHA-256 90ab11329036bebf4148dcc01589f14f480cfe18f5d118c0486b17906b9247b1.Full text
Title: Ranking Member Markey Condemns Trump Executive Order Undermining Support for Minority Small Business Owners Date: 2025-03-19 Ranking Member Markey Condemns Trump Executive Order Undermining Support for Minority Small Business Owners March 19, 2025 (Boston, March 19) – Senate Small Business and Entrepreneurship Committee Ranking Member Edward J. Markey (D-Mass.) released the following statement condemning President Trump’s Executive Order, announced on March 14, 2025, that seeks to gut vital government agencies, including the Minority Business Development Agency (MBDA): “Dismantling the bipartisan Minority Business Development Agency, which has fostered growth and competitiveness for more than 50 years, would not just be wrong—it would be illegal. The President’s executive orders do not supersede our nation’s laws. “Minority-owned businesses, even with the same credit history, are less likely to receive loans than other businesses. Eliminating the MBDA would mean fewer resources for minority-owned businesses across the country. Since 2021, the Boston MBDA center has assisted 550 businesses in Massachusetts representing 2,800 jobs. “This administration’s priorities are clear: Rather than supporting our small business owners and entrepreneurs, President Trump signs executive orders to further his far-right playbook and undermine decades of work combating discrimination. The administration must comply with the law and ensure that the MBDA is adequately resourced to meet the needs of business owners across the country.” ### Permalink: https://www.sbc.senate.gov/public/index.cfm/2025/3/ranking-member-markey-condemns-trump-executive-order-undermining-support-for-minority-small-business-owners
File and source
- File
- 2025-03-19_ranking-member-markey-condemns-trump-executive-order-undermining-suppo.txt
- Size
- 1,886 bytes
- SHA-256
- 90ab11329036bebf4148dcc01589f14f480cfe18f5d118c0486b17906b9247b1
- Original
- www.sbc.senate.gov