"Chairman Williams Leads Committee Hearing Conducting Oversight of the Small Business Administration"
Summary
A Committee on Small Business release dated March 23, 2023 reports that Chairman Roger Williams (R-TX) led a full committee hearing titled "Oversight of the Small Business Administration." It carries the statement Williams issued after the hearing, saying the committee directed Administrator Guzman and the Small Business Administration to "get back to basics" and focus on helping Main Street America. The statement cites high inflation, rising interest rates, broken supply chains and prolonged labor shortage facing small businesses. Williams states that the agency's handling of COVID-19 pandemic loan programs and its failure to follow advice from the Office of Inspector General exposed its shortcomings as a steward of taxpayer money. The page also lists related committee releases, including an April 19, 2023 subcommittee hearing with the SBA Inspector General.
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Full text
Chairman Williams Leads Committee Hearing Conducting Oversight of the Small Business Administration Oversight of the Small Business Administration March 23, 2023 Tags: Increase Oversight & Transparency WASHINGTON, D.C. – Today, Chairman Roger Williams (R-TX) led a full Committee on Small Business hearing titled “Oversight of the Small Business Administration.” Chairman Williams issued the following statement after concluding today’s hearing. “As small businesses continue to weather high inflation, rising interest rates, broken supply chains, and prolonged labor shortage, the committee today directed Administrator Guzman and the Small Business Administration to get back to basics and focus their attention on ways to help Main Street America,” said Chairman Williams. “The agency’s handling of COVID-19 pandemic loan programs and failure to adhere to the advice given by the Office of Inspector General to prevent the rampant fraud that occurred exposed the agency’s shortcomings and inability to be a competent steward of taxpayer money. Our country’s small businesses and taxpayers deserve better, and the Committee is determined to get the Small Business Administration back on track.” Related News Chairmen Williams and Cardin with Ranking Members Ernst and Velázquez, Pen Letter to Small Business Administration (SBA) Administrator Guzman on the Departure of Former Associate Administrator Kelley May 17, 2023 | Posted in Press Releases Chairman Williams: "Taking on More Risk: Examining the SBA's Changes to the 7(a) Lending Program Part II" May 17, 2023 | Posted in Press Releases Williams, Luetkemeyer, Van Duyne, and Meuser Raise Concerns Over the SBA’s Changes to its Flagship Lending Program April 25, 2023 | Posted in Press Releases Van Duyne Pens Letter to SBA to Claw Back Fraudulent COVID Funds April 19, 2023 | Posted in Press Releases Subcommittee on Oversight, Investigations, and Regulations Hearing with SBA Inspector General Shines Light on SBA Mismanagement and Fraud April 19, 2023 | Posted in Press Releases
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