NSBA Urges Confirmation of SBA Nominee McMahon

January 24, 2017

FOR IMMEDIATE RELEASE
Jan. 24, 2017

Contact:
Molly Day
202-552-2904
press@nsba.biz

Washington, D.C. – The National Small Business Association (NSBA) is urging the Senate to act quickly to approve the nomination of Linda McMahon as Administrator for the U.S. Small Business Administration (SBA). During her confirmation hearing in the Senate Committee on Small Business and Entrepreneurship, McMahon touched on a number of key issues of importance to NSBA and its small-business members.

“The SBA provides many critical resources for America’s small businesses, from lending programs to technical assistance to federal contracting support,” stated NSBA President and CEO Todd McCracken. “Mrs. McMahon expressed a high understanding of the unique challenges facing America’s small businesses, and we believe her perspective will make her a strong advocate for small business.”

When asked about her stance on consolidating the SBA with the Department of Commerce, McMahon said she has supported reducing duplicative programs, however believes that SBA needs to continue as a separate entity and does not support combining SBA with Commerce. McMahon also underscored President Donald Trump’s support of SBA by maintaining its Cabinet-level position.

McMahon highlighted the need for tax reform that includes pass-through entities—which comprise 83 percent of all small businesses— ensuring parity for the smallest firms with larger firms when it comes to tax reform legislation. She also expressed support for a strong SBA Office of Advocacy with enhanced ability to affect the regulatory process as part of a broader need to ease and reduce the regulatory burden facing small firms.

“We look forward to working with Mrs. McMahon throughout the confirmation process and beyond,” stated NSBA Chair Pedro Alfonso of Dynamic Concepts, Inc. in Washington, D.C. “Our members routinely vote for tax reform, regulatory restraint and access to capital as top priorities – all issues for which Mrs. McMahon expressed a keen understanding during her hearing.”

Celebrating 80 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA’s 65,000 members represent every state and every industry in the U.S. Please visit www.nsba.biz or follow us at @NSBAAdvocate.

 

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National Small Business Association

National Small Business Association