SBA Administrator Guzman Testifies Before the House Committee

March 20, 2024

Delaney Sexton
Contributing Editor

SBA Administrator Guzman Testifies Before the House Committee

“We know from countless investigations, without a doubt, that the SBA needs to be right-sized. You take one look at the agency and it is clear that they are struggling with their current workload and are straying from their sole mission of helping Main Street. The way I see it, the SBA is absolutely not in a position to take on more responsibility. I’m extremely skeptical that the SBA is deserving of a twenty percent budget increase as there is no evidence that the agency is operating effectively or efficiently,” says Vice Chairman Luetkemeyer.

“Moreover, the SBA has repeatedly demonstrated they are not responsible stewards of our taxpayer dollars. They have delayed this Committee’s COVID lending investigation at every turn by waiting months to send our requested documents. To make matters worse, the SBA has implemented an extremely minimal return to work policy. This is a direct slap in the face to our entrepreneurs who don’t have the luxury of a day off or ability to sit in their pajamas and work from home.”

Some of the topics covered include:

  • Regulations
  • SBLC Licenses
  • Fraud Controls
  • Budget Request
  • Staffing

Watch the hearing here!