"Ernst Applauds Loeffler’s Reforms to SBA, Returning Employees to Main Street"
Summary
A press release dated March 21, 2025 from the U.S. Senate Committee on Small Business and Entrepreneurship carrying a statement by Chair Joni Ernst (R-Iowa) after Administrator Kelly Loeffler announced a series of reforms at the Small Business Administration. In the statement Ernst says many of the reforms are ones Ernst had been calling for, and refers to improving fiscal responsibility in lending programs and going after pandemic fraudsters. A background section lists reforms the release says Ernst led, including returning the SBA to Main Street, strengthening the 7(a) loan program so it operates without taxpayer subsidies, holding accountable those who stole from pandemic-era relief programs, and right-sizing the agency and requiring it to pass an audit.
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Full text
Title: Ernst Applauds Loeffler’s Reforms to SBA, Returning Employees to Main Street Date: 2025-03-21 Ernst Applauds Loeffler’s Reforms to SBA, Returning Employees to Main Street March 21, 2025 Read the release on Sen. Ernst's website HERE. WASHINGTON – U.S. Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-Iowa) released the following statement after Administrator Kelly Loeffler announced a series of reforms at the Small Business Administration (SBA). “I am thrilled to see Administrator Loeffler enact these long-overdue reforms, many of which I have been calling for, to return SBA to Main Street and empower small businesses,” said Ernst. “From improving fiscal responsibility in lending programs to going after pandemic fraudsters, the Trump administration is getting the agency back on the right track. These actions will trim the fat and right-size what has become an out-of-touch agency. When small businesses thrive, America thrives, and after four long years, entrepreneurs finally have champions at the SBA and White House who understand their needs and are fighting for them.” Background: Ernst has led the charge on many of the reforms announced by Loeffler today including: Returning the SBA to Main Street to get the agency into local communities and closer to the Americans it serves. Strengthening the 7(a) loan program to ensure it continues to operate without taxpayer subsidies. Tracking down and holding accountable every single criminal who stole from pandemic-era relief programs. Right-sizing the bloated agency and requiring it to pass an audit. ### Permalink: https://www.sbc.senate.gov/public/index.cfm/2025/3/ernst-applauds-loeffler-s-reforms-to-sba-returning-employees-to-main-street
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- www.sbc.senate.gov