Graves, Small Business Committee Members Examine the President’s Budget for the Small Business Administration

f t # e
Washington, Mar 2, 2011 | Darrell "DJ" Jordan (202-225-5821) | comments

WASHINGTON, D.C. – House Small Business Committee Chairman Sam Graves (R-MO) today led the Small Business Committee in a full committee hearing entitled, The Small Business Administration FY 2012 Budget. 

The purpose of the hearing was to examine the President’s FY 2012 budget request for the Small Business Administration (SBA). The information garnered at this hearing will be utilized in the Committee’s development of views and estimates that will be submitted to the Budget Committee.

During the hearing, Chairman Graves expressed his deep concern for the government’s spending spree, “The nation’s fiscal situation is dire.  Even agencies and programs that we view as valuable will need to do more with less. The fiscal situation requires that the mission of the SBA be pared back to core objectives: enabling small businesses to obtain capital and credit so they can create jobs; assisting small businesses in penetrating the federal procurement arena; and counseling America’s entrepreneurs.  In assessing these core functions, we must focus on those programs that are most efficient in helping small businesses create jobs while reducing financial risk to the federal taxpayers.  Programs that do not meet these objectives should be cut; programs that meet these standards should be strengthened.”    

The hearing’s witness, the Honorable Karen Mills, SBA Administrator, was questioned by Committee Members about SBA priorities. Members specifically focused on the cost effectiveness of loan programs, duplicative programs, export promotion, and fraud in the area of contracting.

To read witness testimony and view related hearing documents, visit www.smallbusiness.house.gov/hearings

f t # e