Small Business and Entrepreneurship Committee Continues Delivering for Main Street

WASHINGTON – The U.S. Senate Committee on Small Business and Entrepreneurship, led by Chair Joni Ernst (R-Iowa), advanced a pair of bipartisan bills to reform the Small Business Administration (SBA) disaster loan process, a key bill to fix the broken federal workforce, and the committee rules.

“I am proud to see the Small Business and Entrepreneurship Committee continue to work in a productive and bipartisan manner to make life better for Main Street,” said Chair Ernst. “The burdensome and bloated bureaucracy is costly to taxpayers and hurts small businesses. We are enacting long-overdue reforms to ensure Washington better serves the American people, especially in their time of need.”

The three bills that passed out of committee were:

• Chair Ernst’s Returning SBA to Main Street Act, which relocates 30% of SBA D.C. headquarters employees across the country to be closer to the Americans they serve.
• The bipartisan Disaster Loan Accountability and Reform Act, led by Senator Ted Budd (R-N.C.),which strengthens oversight, financial safeguards, and transparency within the SBA’s disaster loan account.
• The bipartisan SBA Disaster Transparency Act, led by Senators Tim Scott (R-S.C.) and Adam Schiff (D-Calif.), which reforms SBA disaster loan programs by requiring public reports.

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