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FIRST ON FOX: Newly-confirmed Small Enterprise Administration (SBA) administrator Kelly Loeffler is unveiling the company’s high priorities over the following 4 years as she goals to work with President Trump to create a “golden period of prosperity and development.”
Loeffler, confirmed within the Senate by a 52–46 margin final week, issued a “Day One” memo on Monday outlining the highest priorities for the company that will likely be tasked with the directive to “perform President Trump’s America First agenda and empower small companies to thrive” and to grow to be an “America First engine at no cost enterprise.”
The primary precedence on the record is selling a “Made in America” agenda to spice up U.S. manufacturing.
“The overwhelming majority of America’s producers are small companies, and SBA packages have powered tens of 1000’s of them,” the memo states. “This company is dedicated to supporting the America First agenda by rebuilding American provide chains and investing in manufacturing to strengthen our financial system and nationwide safety.”
PRESIDENT TRUMP LOOKS TO BRING MANUFACTURING BACK TO US WITH TARIFFS
New Small Enterprise Administration chief Kelly Loeffler launched a memo outlining her high objectives over the following 4 years. (Getty)
“The company will rework its Workplace of Worldwide Commerce into the ‘Workplace of Manufacturing and Commerce’ – which is able to deal with selling financial independence, job creation, and truthful commerce practices to energy the following blue-collar growth. SBA can even accomplice throughout businesses to scale revolutionary manufacturing and know-how startups that can assist our nation return to ‘Made in America.’”
Since being sworn in as president for the second time, Trump has been vocal about eliminating variety, fairness and inclusion (DEI) from the federal authorities whereas additionally tasking Tesla CEO Elon Musk with main the trouble to chop wasteful spending with the Division of Authorities Effectivity (DOGE).
Loeffler’s memo states that the SBA intends to be an ally in each of these efforts and says it should implement Trump’s govt orders, together with “Defending Girls from Gender Ideology Extremism and Restoring Organic Reality to the Federal Authorities,” “Ending Radical and Wasteful Authorities DEI Packages and Preferencing,” and “Unleashing American Vitality.”
BIDEN GAVE AMERICANS THE BUSINESS. TRUMP IS GIVING US BUSINESSMEN
Then-Republican Sen. Kelly Loeffler speaks throughout a marketing campaign occasion at Valdosta Regional Airport in Valdosta, Georgia, Dec. 5, 2020. (REUTERS/Dustin Chambers)
The memo says that the SBA will “proceed working carefully” with DOGE and “prioritize eliminating fraud and waste inside the company, to make sure American taxpayer {dollars} are utilized in the best method doable to learn small companies and financial development and resilience.”
The company will work to remove wasteful spending and fraud with a “zero-tolerance coverage” that can contain fraud investigations throughout all packages and appointing a “Fraud Czar” to “establish, cease, and claw again criminally obtained funds on behalf of American taxpayers – working throughout businesses to stop fraud.”
The SBA can even conduct an agency-wide monetary audit.
“As fraud has risen, so too have delinquencies, defaults, and charge-offs on mortgage packages, exacerbated by the earlier Administration’s lax mortgage underwriting, servicing, and assortment efforts,” the memo states. “Consequently, SBA has been unable to satisfactorily full a monetary audit for a number of consecutive years. Due to this fact, the company will request an impartial audit of its financials to deal with mismanagement, restore the credibility of monetary statements, and protect the solvency of public-private packages just like the 7(a) lending program and the Small Enterprise Funding Firm (SBIC) program, that are designed to drive financial development with out taxpayer subsidy.”
Final month, Trump advised federal staff working from dwelling that they would wish to return to the workplace or face termination, which is a sentiment echoed by Loeffler, who stated in her memo that each one non-exempt staff will report back to work in particular person on Monday for 5 days per week.
Trump’s immigration agenda can even be furthered by the SBA, in response to the memo, which is able to ban unlawful immigrants from receiving SBA help whereas additionally “proscribing hostile overseas nationals from accessing SBA help.”
The memo outlines a wide range of ways in which the company will work on “empowering small companies,” together with a strike drive to chop rules, bettering customer support and cybersecurity, selling truthful competitors, and relocating places of work exterior of sanctuary cities.
Fox Information Digital beforehand reported that the SBA has confronted criticism in recent times in the course of the Biden administration from the Republican-led Small Enterprise Committee, which issued a subpoena and alleged that the company failed to show over data associated to efforts to funnel sources to assist register swing state voters. Republicans argued these efforts had been unconstitutional, and Loeffler’s memo pledges that the registration efforts in query will likely be ended.
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Former Sen. Kelly Loeffler, a Republican from Georgia, speaks throughout Erick Erickson’s The Gathering occasion in Atlanta on Friday, Aug. 18, 2023. (Alyssa Pointer/Bloomberg by way of Getty Photos)
“The SBA will finish all taxpayer-funded voter registration actions – beginning by rescinding the company’s 2024 MOU with the Michigan Secretary of State’s workplace, which pressured SBA district places of work to conduct partisan voter registration on behalf of the earlier Administration,” the memo states. “As a substitute, the company will return its focus to its founding mission of empowering job creators, delivering catastrophe aid, and driving financial development.”
Loeffler, who served as a senator in Georgia from 2020-2021, appeared earlier than the Senate Small Enterprise and Entrepreneurship Committee on Jan. 28 to stipulate her imaginative and prescient and promised that Trump’s insurance policies would “restore the small enterprise financial system” and would result in a “golden period of prosperity and development.”
“Small companies are the spine of our nation, driving innovation, job creation, and prosperity – and there’s no stronger advocate for small enterprise than President Trump or myself. However during the last 4 years, the SBA has burdened entrepreneurs with paperwork – with its packages changing into mired in fraud, waste, and abuse,” Loeffler advised Fox Information Digital in an announcement.
“That adjustments in the present day. My first precedence is rebuilding the SBA into an America First engine at no cost enterprise – by empowering small companies and fueling financial development.”
Andrew Mark Miller is a reporter at Fox Information. Discover him on Twitter @andymarkmiller and e-mail tricks to [email protected].
Trump’s new SBA chief unleashes ‘Day One’ priorities to rework company
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