NSBA commends the Committee for working to ensure the SBA operates with required leadership.
Last week, the Senate Committee on Small Business and Entrepreneurship advanced the nomination of Dilawar Syed to serve as Administrator of the Small Business Administration (SBA).
Although Syed’s nomination passed 10-9 along party lines, he has broad support from the small-business community, including the U.S. Chamber of Commerce, U.S. Black Chambers, National Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship, Small Business Roundtable, Small Business Majority, and more than 150 civic, government, higher education and business leaders and organizations.
Time for consideration of Syed’s nomination before the full Senate has yet to be announced.
The Senate Small Business Committee also recently demanded the SBA to prioritize recovery of more than $100 billion in reported fraudulent and improper loans made through COVID relief programs. A suspected $5.4 billion in fraudulent loans that used stolen Social Security Numbers and $1.3 billion in EIDLs to applicants with foreign IP addresses during her comments. Current fraud recoveries from the SBA Inspector General are estimated at $9 billion.
For how its support of the small-business community could be improved with a more complete staff, NSBA commends the Committee for working to ensure the SBA operates with required leadership.
Watch the Senate Committee advance Syed’s nomination here, and follow NSBA for developments regarding administration of the SBA.