Steve Driehaus: “I offered an amendment at that time that would create the Office of Small Business Lending Fund Oversight under the…”

“I offered an amendment at that time that would create the Office of Small Business Lending Fund Oversight under the authority of the Treasury Inspector General. This office would strengthen accountability by helping ensure that loans are being put to use where they're most needed and put to use in a way responsible to taxpayers. The bill we're now considering would further improve oversight by requiring the Treasury Secretary to certify to the Treasury Inspector General, under oath, that loan disbursements are based on economic need and not political considerations. It is critically important that these loans are helping small businesses to invest and create jobs. This legislation will provide greater assurance that the Small Business Lending Fund is most effective in aiding our recovery, and I urge speedy passage.”