I think the participation efforts ought to be longer than a year because you want the continuous work for minority businesses.
Ben Cardin
The Public Record
Ben Cardin is a United States Senator from Maryland, serving since January 4, 2007. A member of the Democratic Party, he has focused on issues such as healthcare, education, and civil rights throughout his political career. Prior to his tenure in the Senate, Cardin served in the U.S. House of Representatives from January 3, 1987, to January 3, 2007, where he was known for his work on tax policy and social security reform.
I appreciate your focus on these important issues. Thank you for all of your work on behalf of the citizens of Maryland.
I would like to see a picture, a copy of that picture. I will go over later.
This is good economic policy for both the private sector and the public sector, Mr. Senator.
As I said in the introduction to Mr. Manger's question, our Committee wants to work with the SBA to accomplish the mission in helping underserved communities.
I want to thank all of the panelists. This has been, I think, extremely helpful.
I know of a lot of businesses that are minority-owned, women-owned businesses that do not fall in rural and do not fall in a HUBZone that should qualify for the maximum amount of help that we could give them to get loans.
I just hope we can evaluate that because we do think there are a lot--I mean, I know a lot of parts of Maryland that have had designations, are losing their designations.
My concern is that imposing a moratorium freezes the CA lenders that we currently have.
But my information also shows that we do have regional gaps in having the availability of these programs.
Mr. Lewis, you mentioned the gaps that we have in regards to minority communities.
I do not know if that is accurate. The fee waiver seems to have been very effective in helping underserved businesses.
Let us make sure that we are improving those results, not moving in the wrong direction.
And these are areas I hope that the SBA will take into consideration as we are continuing.
We did take a suggestion actually that John Lewis made, and it was actually incorporated before we even heard from John today
Administrator McMahon is well respected in our Committee. She has been very vocal about her commitment to make sure that the programs are diverse and fairly representative of this country.
I would just hope that there will be an opportunity for this type of input as we look toward the ultimate resolution of the permanency of this program.
Lack of access to credit for minorities is not a new problem, and the trends show that this situation is not improving as quickly as it needs to do.





