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WASHINGTON – Today, the House Committee on Small Business held a hearing to examine the Small Business Administration's (SBA) actions during the 2017 storm season and the SBA’s disaster response moving forward.
"The 2017 storm season, by all accounts, was historic. As we know, SBA plays a large role in the long-term recovery needs for the United States,” said Chairman Steve Chabot (R-OH). “[SBA’s] Disaster Loan Program, which provides fixed-term and low-interest direct loans to victims is vital for businesses and homeowners as they begin to replace, repair, and rebuild. Given that we are roughly a year out from those massive and damaging storms making landfall, it is imperative that we spend time reviewing SBA’s response efforts. Victims of storms count on SBA and their response during their darkest days.”
Gaining Insight from SBA’s Office of Disaster Assistance
"SBA’s disaster assistance mission is to provide affordable, timely and accessible financial assistance following a declared disaster to businesses of all sizes, private non-profit organizations as well as homeowners and renters,” said James Rivera, Associate Administrator of SBA’s Office of Disaster Assistance. “We firmly believe that reforms we instituted enabled us to be better prepared to respond to the 2017 Hurricane Season, and we are implementing further changes to improve our 2018 efforts. Administrator McMahon had pushed us to be ready for the 2017 season, and I am proud of the hard work and many long hours put in by our Office of Disaster Assistance staff.”
Click HERE to read the full testimony, and HERE to watch the hearing.
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