On the recordMay 14, 2024
It is very important that there are guardrails in place to businesses that get these loans.
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congress.govIt is very important that there are guardrails in place to businesses that get these loans.
Williams stresses the need for safeguards in the SBA loan program.
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This amendment also guts the purpose of this bill by directing agencies to do something already within their purview.
Now, when the SBA changed the 7a lending rules, Members of this committee repeatedly voice their concerns that changing the underwriting standards would lead to increased default rates.
This committee is charged with oversight of the Small Business Administration. This is a responsibility that we do not take lightly.