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The Small Business Committee has oversight and legislative jurisdiction over the Small Business Administration and its programs, as well as provides assistance to and protection of small business, including financial aid and the participation of small business enterprises in federal procurement and government contracts.
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
In January 2012, President Barack Obama announced that the SBA administrator would be elevated to Cabinet rank, a position it last held during the Clinton Administration. [1] [2] [3] The most recent confirmed administrator was Kelly Loeffler, who was nominated by President Donald Trump and confirmed by the Senate on February 20, 2025. [4]
Sep. 9—The U.S. Small Business Administration Lower Rio Grande Valley District Office is accepting nominations for Small Business Person of the Year and other award categories for the 2025 ...
The SBA List spent nearly $1.7 million on independent expenditure campaigns for or against 50 candidates. [95] The SBA List conducted a 23-city bus tour to the Congressional districts of self-described "pro-life" Democrats in Ohio, Indiana and Pennsylvania who voted for the health care reform bill and to rally supporters to vote them out.
For the 2023 fiscal year, SBA 7(a) lenders approved over 57,362 loans for a total of $27.5 billion in small business loans, according to the weekly SBA lending report. On average, business owners ...
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The NFIB supported the America's Small Business Tax Relief Act of 2014 (H.R. 4457; 113th Congress), a bill that would amend section 179 of the Internal Revenue Code, which mostly affects small- to medium-sized businesses, to retroactively and permanently extend from January 1, 2014, increased limitations on the amount of investment that can be ...