Reform the SBA

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement on the Small Business Administration’s decision to lift the moratorium on Small Business Lending Companies (SBLCs). “The SBA has proven time and again to be ineffective and mismanaged. They lack both the infrastructure and expertise to be the only regulator overseeing lenders. Lifting the… Read more »

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement on the Small Business Administration (SBA) Office of Inspector General report highlighting potentially fraudulent activity within the Economic Injury Disaster Loan (EIDL) applications: “Fraud has been a continuing theme for the SBA’s EIDL program. The SBA is not outfitted with the necessary… Read more »

This joint op-ed by House Committee on Small Business Ranking Member Blaine Luetkemeyer originally appeared in Fox Business. If the past year and a half has shown us anything, it is that Democrats cannot govern effectively or responsibly. Their ill-advised agenda of reckless spending and radical policymaking has left American families and small businesses at a… Read more »

WASHINGTON, D.C. – Yesterday, the U.S. House of Representatives considered seven Small Business Committee bills. All seven bills were favorably reported out of Committee in May and passed Wednesday with bipartisan support. Below are the seven bills: H.R. 7352 – The PPP and Bank Fraud Enforcement Harmonization Act of 2022 – sponsored by Chairwoman Velazquez and Ranking Member… Read more »

WASHINGTON, D.C. – Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement in response to the recent Small Business Administration Office of Inspector General’s report on the fraud and mismanagement in the SBA’s programs: “The rampant fraud and mismanagement in the SBA’s programs have been an ongoing subject of concern for Committee Republicans. For months, I have been… Read more »