Last month, Senator Marco Rubio, Chairman of the Senate Committee on Small Business and Entrepreneurship, released the Chairman’s mark to the Small Business Administration (SBA) Reauthorization and Improvement Act of 2019 (the “SBA Reauthorization Act”). This legislation aims to modernize and streamline SBA programs, and would be the first comprehensive reauthorization of the Small Business Act in nearly twenty years. Although the legislation appears stalled, it is likely that many of these initiatives will find their way into future policy initiatives.
Click below to learn more about potential changes to track in the SBA Reauthorization Act:
Financing companies say that increased supply chain costs aren’t the real danger—it’s overacting. Lenders fear small businesses may become over-leveraged when they borrow large amounts at low rates, then fail to repay.
Source: Inside Sources
The House and Senate will remain in recess until September 9th, but advocacy is still in session. To learn how you can engage your legislators during the recess period, download our August 2019 Recess Packet.