Congressman Meuser SBC Markup

At today’s House Committee on Small Business markup, I spoke in support of my Small Business Lending Fraud Prevention Act, which tightens SBA rules and stops insiders from abusing the loan system.

The SBA’s 7(a) loan program operates at zero cost to taxpayers, yet cases of employees approving loans for family members or others barred by law are increasing.

My bill requires SBA employees involved in loan approvals to certify they have no personal conflicts and to immediately recuse themselves if one arises.

This bipartisan bill with Congresswoman Maggie Goodlander ends insider abuse and restores trust in SBA lending.