The Senate will soon confirm Kelly Loeffler; she will then be the next Administrator of the Small Business Administration.
As a former colleague in the Senate representing Georgia, I know she understands the needs of small businesses in both rural and urban areas.
I am very sympathetic to the needs of small businesses.
These small businesses have experienced disruptions from the pandemic, labor shortages, inflation and supply chain issues.
I meet with many small business owners as I travel throughout Iowa, and I hear about the policy issues that are important to them.
Small businesses are the backbone of our economy.
During the past 20 years, small businesses have created 75 percent of the new private, non-farm jobs in the United States.
We always hear about excessive taxes and regulations that affect small businesses, standing in the way of small businesses making the investments that would drive even more job growth.
I have consistently supported legislation and policies to keep small businesses robust and prosperous.
I look forward to working with Loeffler to advance Iowa’s small business priorities and improve the policies at the Small Business Administration.
I recently met with her in my office, and one of the items I stressed was the importance of responding to congressional letters and inquiries.
I didn’t do that just because the Small Business nominee was before me. I do this with all the nominees that come to my office.
[Congress] has a constitutional responsibility of checks and balances – doing proper oversight of the laws and the money that we appropriate being handled by the executive branch of the government.
We all know Congress not only passes laws and appropriates money, but we have to make sure the President faithfully executes those laws and spends the money appropriately.
Oversight then allows us to hold bureaucrats accountable to the rule of law and keep faith with the taxpayers. If we have transparency in government, we have greater accountability.
The public’s business must be public.
I fully expect the new Administrator to respond to all congressional inquiries in a timely and responsive manner.
I look forward, then, to working soon with Administrator Loeffler to support policies to keep our small businesses strong and to keep them productive.
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