WASHINGTON, D.C. – Today, Chairman Roger Williams (R-TX) led a full House Committee on Small Business hearing titled “Budgeting for Growth: Testimony from SBA Administrator Kelly Loeffler.” The purpose of this hearing was to hear from Small Business Administration (SBA) Administrator Kelly Loeffler to understand how President Trump’s proposed budget will support the SBA in serving Main Street America.

“President Trump and Administrator Loeffler are putting the SBA back on the right track, restoring accountability and eliminating waste throughout the agency,” said Chairman Williams. “It was an honor to have Administrator Loeffler testify in today’s hearing to shed light on how the President’s budget, the passage of the One Big, Beautiful Bill Act, and the goals of the Trump SBA will usher in the Golden Age of Main Street. This Committee will continue to work with the Administrator to support and enact the President’s agenda to Make Main Street America Great Again.”

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Watch the full hearing here.

Below are some key experts from today’s hearing:

Rep. Van Duyne: “Can you tell me, a little bit, how this One Big, Beautiful Bill helps small businesses, and why it was shocking to see every single Democrat, including those on the Small Business Committee, vote against it?” Administrator Loeffler: “Absolutely. Thank you, Congresswoman…The One Big, Beautiful Bill Act is vitally important to Main Street America. It’s pro-growth. It’s pro-small business, and it’s pro-worker. We have never had a bill like this in our country that ensures small businesses can thrive with a 23 percent pass-through deduction and immediate expensing. It ensures that we start to cut spending, specifically $1.6 trillion in mandatory spending that drove inflation, which crushed small businesses under the last Administration. It secures the border. Small businesses have been suffering from crime in their communities, needless crime that went unenforced. This is really a dream bill, and for small businesses, it prevents a nightmare from happening—that every Democrat Member of this Committee voted for—to raise taxes on small businesses: trillions of dollars, by 23 percent. Small businesses could not make it through a 22 percent tax increase. So, I’m really grateful for the support of this bill and look forward to continued reductions in spending and taxes.”

Rep. LaLota: “When you were on Long Island, do you remember the technology company, Orbic, that we met?” Administrator Loeffler: “I do, Congressmen.” Rep. LaLota: “It’s an American company located on Long Island, and they do what many Trump trade policy critics say can’t be done in the United States of America. They make technology products like smartphones, laptops, and tablets. Madam Administrator, I’m certain that you and I agree that President Trump is right to want to protect our supply chain from international disruptions and bring manufacturing back to America. My question is: what can the SBA do to help small businesses, like Orbic, who help accomplish those worthy goals?” Administrator Loeffler: “Well, we certainly see manufacturing growing across this country. Our loan volume in the 7(a) program for manufacturers is up 74 percent in President Trump’s first 100 days, demonstrating an investment in manufacturing like never before, with over 1,120 loans. I certainly saw that taking place on Long Island, and that’s why I’m grateful for the Chairman’s leadership on the Made in America Manufacturing Finance Act—which I hope, in this Committee would be bipartisan—to get more capital in the hands of our innovators, those that are providing jobs and production of critical technologies like 5G, cellphones, and other infrastructure that this country so greatly needs.”

Rep. Stauber: “Small business owners in my district in Northern Minnesota and across the country have spent the last few years drowning in blue tape. During the Biden Administration, more than 1,100 new regulations were added to the Federal Register. Those rules carried a staggering 1.8 trillion-dollar price tag and imposed more than 356 million hours of paperwork on the American small businessman and woman. That’s not governing. It’s smothering, stifling, and wrong. The hardest hit was Main Street. I’ve spoken to countless entrepreneurs—small businessmen and women—who sat right here in front of us, and I asked: Are those rules and regulations crushing, demoralizing? They all said yes, no more rules or regulations on American small businesses. It’s stifling. Can you speak to the steps you’ve taken in your first 100-plus days to reduce the regulatory burdens on American small businesses?” Administrator Loeffler: “Congressman, we are, for the first time in years, staffing the Office of the Advocacy, which advocates for small businesses across the Administration, across all agencies. The last Administration did not fill that Advocate role. We are going to ensure that small businesses have a regulatory watchdog in Washington. We’ve already had that office out on the road listening to small businesses. You’re correct. Small businesses are being crushed—we call it the American Dream wrapped in blue tape, so we have to unleash the potential of small businesses. We’ve heard it from every single business. We’re going to ensure that they have a voice in unwrapping that regulatory red tape.”

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