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This bill has been approved by the Senate Committee on Small Business and Entrepreneurship and is eligible for a floor vote in the Senate. If enacted, it would reshape how the SBA operates by decentralizing its workforce away from Washington, D.C., though the actual impact would depend on how many employees choose to relocate versus leave the agency.
AI-generated summary
Feb 5, 2025 · 16:15
The Senate Committee on Small Business and Entrepreneurship held a business meeting on February 5, 2025, to consider four bills and the nomination of Kelly Loeffler to be Administrator of the Small Business Administration. The committee advanced all items for consideration by the full Senate. The four bills addressed different aspects of small business support. S. 68, the Complete COVID Collections Act, aims to ensure collections on pandemic-related small business loans are not suspended and extends fraud enforcement deadlines to 10 years. S. 273, the Small Business Child Care Investment Act, would allow nonprofit child care providers to access SBA loan programs previously limited to for-profit businesses. S. 298, the Returning SBA to Main Street Act, would require the SBA to relocate 30 percent of headquarters employees to locations outside the Washington metropolitan area. S. 300, the Disaster Loan Accountability and Reform Act (DLARA), would improve oversight of the SBA's disaster loan program through enhanced reporting requirements and accountability measures. The committee also advanced Loeffler's nomination in a 12-7 vote. Loeffler, a former U.S. Senator from Georgia and businesswoman, was subsequently confirmed by the full Senate on February 19, 2025, by a vote of 52-46 and sworn in as SBA Administrator on February 20, 2025. As a business meeting rather than a hearing with testimony, no witnesses presented arguments for or against the legislation. The bills' advancement does not guarantee they will become law; each must still pass the full Senate and House before being signed by the President.
Feb 12, 2025 · 14:30
On February 12, 2025, the Senate Committee on Small Business and Entrepreneurship held a business meeting to consider three bills addressing Small Business Administration operations and disaster relief programs. The committee advanced S.298 (Returning SBA to Main Street Act), which would require the SBA to relocate 30 percent of its headquarters employees to regional offices outside the Washington metropolitan area and reduce headquarters office space by 30 percent. The committee also advanced S.300 (Disaster Loan Accountability and Reform Act), which aims to improve oversight of the SBA's disaster loan program through enhanced reporting requirements, including monthly reports to Congress with detailed information about disaster loan funding and notifications when available funds drop below 10 percent of average annual costs. Additionally, the committee advanced S.371 (SBA Disaster Transparency Act), which requires the SBA to publish disaster assistance reports on its website to increase transparency and public access to information about how the agency supports small businesses during disasters. No witnesses testified at this business meeting, which focused on committee action rather than public testimony. The bills now move forward in the legislative process, though passage is not guaranteed as they must still be approved by the full Senate and House before becoming law.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Feb 20, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Mar 4, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Mar 4, 2025
Feb 5, 2025 · 16:15
The Senate Committee on Small Business and Entrepreneurship held a business meeting on February 5, 2025, to consider four bills and the nomination of Kelly Loeffler to be Administrator of the Small Business Administration. The committee advanced all items for consideration by the full Senate. The four bills addressed different aspects of small business support. S. 68, the Complete COVID Collections Act, aims to ensure collections on pandemic-related small business loans are not suspended and extends fraud enforcement deadlines to 10 years. S. 273, the Small Business Child Care Investment Act, would allow nonprofit child care providers to access SBA loan programs previously limited to for-profit businesses. S. 298, the Returning SBA to Main Street Act, would require the SBA to relocate 30 percent of headquarters employees to locations outside the Washington metropolitan area. S. 300, the Disaster Loan Accountability and Reform Act (DLARA), would improve oversight of the SBA's disaster loan program through enhanced reporting requirements and accountability measures. The committee also advanced Loeffler's nomination in a 12-7 vote. Loeffler, a former U.S. Senator from Georgia and businesswoman, was subsequently confirmed by the full Senate on February 19, 2025, by a vote of 52-46 and sworn in as SBA Administrator on February 20, 2025. As a business meeting rather than a hearing with testimony, no witnesses presented arguments for or against the legislation. The bills' advancement does not guarantee they will become law; each must still pass the full Senate and House before being signed by the President.
Feb 12, 2025 · 14:30
On February 12, 2025, the Senate Committee on Small Business and Entrepreneurship held a business meeting to consider three bills addressing Small Business Administration operations and disaster relief programs. The committee advanced S.298 (Returning SBA to Main Street Act), which would require the SBA to relocate 30 percent of its headquarters employees to regional offices outside the Washington metropolitan area and reduce headquarters office space by 30 percent. The committee also advanced S.300 (Disaster Loan Accountability and Reform Act), which aims to improve oversight of the SBA's disaster loan program through enhanced reporting requirements, including monthly reports to Congress with detailed information about disaster loan funding and notifications when available funds drop below 10 percent of average annual costs. Additionally, the committee advanced S.371 (SBA Disaster Transparency Act), which requires the SBA to publish disaster assistance reports on its website to increase transparency and public access to information about how the agency supports small businesses during disasters. No witnesses testified at this business meeting, which focused on committee action rather than public testimony. The bills now move forward in the legislative process, though passage is not guaranteed as they must still be approved by the full Senate and House before becoming law.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Feb 20, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Mar 4, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Mar 4, 2025
