NSBA Reacts to Proposed SBA Consolidation

January 13, 2012

Today, President Barack Obama is asking Congress to grant him authority to consolidate various administration agencies and offices. This fast-track authority would require Congress to hold a vote on the President’s consolidation proposals within 90 days. At the top of the list for consolidation are five offices focusing business and trade which would likely be combined with the Department of Commerce. Those offices are: the U.S. Small Business Administration (SBA), the Office of the U.S. Trade Representative (USTR), the Export-Import Bank (Ex-Im Bank), the Overseas Private Investment Corporation (OPIC) and the Trade and Development Agency (USTDA).

Below is a statement from NSBA President and CEO Todd McCracken on the proposal.

“While NSBA is firmly committed to reducing the deficit, there simply aren’t enough details available yet to know if this will be a net win or loss for small business.

“On the one hand, reorganizing federal agencies to create a ‘one-stop-shop’ for America’s small businesses could streamline processes and make accessing information and assistance much easier. On the other hand, such a reorganization could minimize the emphasis placed on small business by the federal government and lead to an even greater imbalance toward promoting the interests of large businesses over those of small business.

“Any proposal to consolidate agencies must ensure that SBA, Ex-Im Bank, OPIC, USTR and USTDA remain thriving vehicles for the U.S. to promote entrepreneurship. Anything short of that would be a disservice to America’s small businesses and the U.S. economy.”