"Budgeting for Growth: Testimony from SBA Administrator Kelly Loeffler"

Committee on Small Business

2025-06-04

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Source: Congress.gov

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Transcript

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Before we get started, I want to recognize Representative Alford from the great state of Missouri to lead us in the pledge and the prayer.
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Unknown (SPEAKER_17)
Would you please stand?  Well, thank you, Chair, for this honor.  Let's go to our father in prayer.  God, we're just so thankful for this committee.  We're thankful for our great nation.  We're thankful for Administrator Loeffler being here.  Please bless her and bless our ranking member and our chair as they lead us through this hearing today, God.   Most of all, bless our 34 million small businesses in America.  May the information we gain here today help them.  And it's through your son's Christ Jesus' name that we pray.  Amen.  I pledge allegiance to the flag of the United States of America and to the republic for which it stands, one nation, under God, indivisible, with liberty and justice for all.
I want to call the committee on small business to order, and without objection, the chair has authorized to declare a recess of the committee at any time.  I now recognize myself for my opening statement.  Welcome to today's hearing, Budgeting for Growth, and testimony from the Small Business Administration Minister, Kelly Leffler.  I'm very excited to welcome my friend, Administrator Leffler, here today from the great state of Georgia, to testify before us.  I want to thank you again for your visit to Texas last week.  We   got to show you some great things happening in the great state of Texas, and where we had the opportunity to hear directly from small business manufacturers across the district as part of your Made in America Roadshow.  Now, today's hearing is an opportunity to examine how the President's budget proposal will support Administrator Loeffler in returning the SBA to its core mission of serving Main Street and ensuring American entrepreneurs are prioritized once again.   So far too long, small businesses have been affected by Washington's budget mismanagement, burdensome regulations, and government overreach.  President Trump's budget request makes a historic course correction by delivering over $163 billion in spending cuts, fueling American manufacturing, and realigning the government to better meet the needs of our nation's biggest job creators.  Now we commend Administrator Loeffler's work to the right side of the SBA.   and her commitment to restore American manufacturing and innovation.  Under her leadership, the SBA will once again prioritize what truly matters to small business owners and safeguard American taxpayer dollars.  President Trump and Administrator Loeffler's commitment to Made in America has begun revitalizing American manufacturing, reducing our dependency on foreign adversaries like China.  From the launch of the SBA's Made in America manufacturing initiative to the   prioritization of skilled workforce development, Administrator Loeffler is fostering an environment where small manufacturers and small businesses can simply thrive.  I'm proud to join President Trump and Administrator Loeffler in support of strong American manufacturing.
Last month, I introduced H.R.  3174, the Made in America Manufacturing Finance Act.  The bill would increase access to loans for America's small manufacturers and ensure they have the capital they need to start and grow a business.

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