Representative Schiff Introduces Bill to Fund SBA Programs During Government Shutdowns

February 29, 2024

Delaney Sexton
Contributing Editor

Representative Schiff Introduces Bill to Fund SBA Programs During Government Shutdowns

“My bill will ensure that, regardless of a shutdown, the support mechanisms for small businesses will remain active and accessible,” says Representative Adam Schiff. “SBA programs are crucial to families all across America and supporting them strengthens our economy and communities.”

Yesterday, he introduced the “Funding Small Businesses During Shutdown Act”. If the bill passes, it ensures that key SBA programs will have continued appropriations to pay the salaries and expenses necessary to continue servicing loans amidst a government shutdown in fiscal year 2024.

Programs that would continue to be funded are the 7(a) loan program, the 504 program, and the Microloan program.

Sources:
Representative Schiff Press Release
Funding Small Businesses During Shutdown Act