ASBL: New SBA Administrator Opposes Merging SBA with Commerce Department

PETALUMA, Calif., Jan. 25, 2017 /PRNewswire-USNewswire/ -- On January 24^th 2017, newest Small Business Administrator Linda McMahon announced in a senate hearing on Tuesday that she opposes any plan to merge the Small Business Administration (SBA) with the Department of Commerce. "I am a firm believer that the SBA needs to be a stand-alone agency," said SBA Administrator Linda McMahon.

During her senate campaign in Connecticut she had favored merging the SBA with the Department of Commerce.

Historically, merging the SBA with the Department of Commerce has been the preferred plan by republicans to permanently close the SBA and end all federal programs for small businesses.

The Reagan Administration was the first to attempt to combine the SBA with the Department of Commerce, and in 2011, North Carolina Senator Richard Burr proposed the same plan.

The American Small Business League sounded the alarm on the issue and was the only organization in the country to voice any concern that Donald Trump may try to resurrect Reagan and Burrs plan to close the SBA by combining it with the Department of Commerce.

Speaking on the success of their campaign opposing the closure of the SBA, ASBL founder and President Lloyd Chapman had this to say: "I'm happy to see that incoming administrator Linda McMahon is against combining the SBA with the Department of Commerce. President Donald Trump promised to be the greatest jobs President God ever created and he's not going to be able to do that without the SBA and its programs. I hope that Linda McMahon and Donald Trump will support the ASBL's campaign to end the diversion of Federal small business contracts to Fortune 500 firms."

Contact: Kyle Hilmoe
[email protected]
707-789-9575

SOURCE American Small Business League