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WASHINGTON, D.C. Hearing Led by Vice Chairman Blaine Luetkemeyer

WASHINGTON, D.C. ÔÇô Today, Vice Chairman Blaine Luetkemeyer (R-MO) led a full Committee on Small Business hearing titled ÔÇ£Conducting Oversight: Testimony from the Small Business Administrator.ÔÇØ Vice Chairman Luetkemeyer issued the following statement after todayÔÇÖs hearing.

ÔÇ£TodayÔÇÖs hearing was critically important in conducting oversight of the SBA,ÔÇØ said Vice Chairman Luetkemeyer. ÔÇ£The SBAÔÇÖs sole purpose is to help small businesses, but unfortunately, they have strayed from that mission. I, along with my colleagues on this panel, will continue to hold the SBA accountable to the American taxpayers and ensure it is functioning as intended. We look forward to working with Administrator Guzman going forward to improve the agency.ÔÇØ

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Watch the full hearing here.

Key Excerpts from Today’s Hearing:

Vice Chairman Luetkemeyer: – More in-depth questioning concerning lending practices and financial controls within the SBA.

Administrator Guzman: – Responding to concerns raised regarding the management of EIDL loans.

Rep. Van Duyne: – Questioning the decision-making process behind not selling parts of the EIDL portfolio despite recommendations to do so.

Administrator Guzman: – Addressing the collection efforts and decisions made regarding the EIDL loan portfolio.

Rep. Stauber: – Highlighting the SBA’s collaboration with voter registration and questioning its alignment with the agency’s mission statement.

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