Advocacy Nominee OK’d by CmteMarch 15, 2018
On March 14, the Senate Committee on Small Business and Entrepreneurship approved the nominations of David C. Tryon to be Chief Counsel at the U.S. Small Business Administration (SBA) Office of Advocacy and Hannibal M. Ware to be Inspector General at the SBA. NSBA applauds the approval of Mr. Tryon, having previously urged the Committee to approve his nomination.
NSBA has long been a supporter of the Office of Advocacy which plays a unique role in ensuring small-business concerns are represented throughout the regulatory process. NSBA praised Mr. Tryon’s understanding of the needs and unique burdens facing smaller businesses, and urges the full Senate to confirm his nomination.
In addition to the two nominee approvals, the committee passed eight bipartisan bills to increase access to capital for small businesses, improve training and other resources, and boost investment opportunities. Committee Chair James Risch (R-Iowa) worked alongside Ranking Member Benjamin Cardin (D-Md.) to usher both the nominees and bills through the committee process, highlighting the bipartisan spirit uniquely embraced by both the Senate and House Small Business Committees.
The eight bills passed by the committee are:
- Microloan Modernization Act of 2017 (S. 526) – Amends the Small Business Act to increase the microloan intermediary lending limit and increases the percentage of funds that can be expended on technical assistance before a borrower receives a loan.
- SBIR and STTR Oversight and Pilot Program Extension Act of 2017 (S. 1961) – Extends for one year, four pilot programs that were included in the 2011 SBIR/STTR Reauthorization Act.
- Spurring Business in Communities Act of 2017 (S. 1995) – Amends the Small Business Investment Act (SBIA) to increase the participation of Small Business Investment Company (SBIC) program applicants that are located in states that have a small number of SBICs.
- Small Business 7(a) Lending Oversight Reform Act of 2018 (S. 2283) – Increases SBA oversight authority of the 7(a) loan program.
- Small Business Innovation Protection Act of 2017 (S. 791) – Directs the SBA to develop partnership agreements with the Patent and Trade Office to train entrepreneurs and small business owners on how to protect their intellectual property (IP) as part of a business plan and growth strategy.
- Small Business Employee Ownership Promotion Enhancement Act of 2017 (S. 1538) – Directs the SCORE Association with appointing an Employee Ownership Director within SCORE to lead efforts to distribute information about employee stock ownership plans (ESOPs).
- Support Startup Businesses Act of 2018 (S. 2419) – Allows for greater flexibility in the use of SBIR award funds by small businesses for commercialization activities and increases the number of agency-approved vendors that can assist small businesses.
- A bill to amend the Small Business Investment Act of 1958 to increase the amount of leverage made available to small business investment companies (S. 2527) – Modifies SBA’s SBIC program by increasing the amount of capital that SBICs can invest in qualifying small businesses.