Chapter 25 - Small Business Administration

View the PDF of Chapter 25.

Hold the SBA's overall budget constant until a comprehensive review is conducted.
Terminate ineffective programs after ranking them by cost-effectiveness.
Consolidate duplicative functions within the SBA.
Increase the Office of Advocacy's budget by at least 50%.
Eliminate SBA direct lending programs.
Remove religious exclusions from SBA loan eligibility.
Strengthen the Office of Advocacy to combat "extreme regulatory policies."
Amend the Regulatory Flexibility Act to require more thorough economic analysis of regulations' impacts on small businesses.
Require federal agencies to seek input from the Office of Advocacy on new regulations.
Accelerate the cleanup of fraudulent COVID-19 loan and grant activity.
Consider bringing in private-sector support for closing out COVID-19 relief programs.
Reverse loan forgiveness decisions for potentially ineligible recipients (like Planned Parenthood affiliates).
Explore transferring disaster loan programs to another agency or private-sector channels.
Support legislation to disallow project labor agreements in federal contracting.
Reform the Small Business Investment Company (SBIC) program to focus more on capital-intensive investments and small manufacturers.
Create a "medium-sized business" classification with eligibility for certain capital access programs.
Extend Small Business Regulatory Enforcement Fairness Act (SBREFA) panel requirements to all federal agencies.
Support the IMPROVE the SBA Act to strengthen accountability and transparency.
Modernize the SBA's operations and technology systems.
Focus on outreach to all eligible small businesses across sectors and geographic areas.
Implement stricter performance metrics and internal procedures to safeguard taxpayer dollars and program integrity.
Require SBA management to implement or address outstanding watchdog recommendations within a specified timeframe.
Appoint an SBA Administrator and leadership team with experience in small-business finance, investment, and/or administrative law.