Supporting Our Main Streets
Recently, the House passed two bipartisan bills to protect and modernize American small businesses. Small businesses drive our local economies and create jobs right in our communities, and it is vital that federal programs operate with accountability and give entrepreneurs the tools they need to succeed.
Here is a breakdown of the legislation I voted to support:
HR 7401 - Small Business Lending Fraud Prevention Act
This bill strengthens oversight within the Small Business Administration's (SBA) lending programs. It requires any SBA employee involved in reviewing, approving, or overseeing loans to formally certify that they do not have a conflict of interest with the loans they handle. By creating a strict certification process and requiring employees to disclose potential conflicts, this legislation reinforces ethics requirements and helps eliminate fraud before it hurts legitimate borrowers.
HR 915 - Small Business Technological Act
This bill allows small businesses to use specific SBA funds to purchase business software, cloud computing services, and modern digital tools. To stay competitive in today's economy, business owners need access to modern technology, and this allows business owners to use SBA-backed loans for these essential, everyday operational tools.
I will continue to support policies that cut red tape and give our local businesses the security and resources they deserve. |