House Republicans this week passed several bills to codify President Donald Trump's executive orders focused on helping small businesses.
The measures passed aim to restore Americans' confidence in the Small Business Administration (SBA) after four years under President Joe Biden.
"This week, House Republicans codified another set of President Trump’s executive orders to protect American small businesses," House Speaker Mike Johnson, R-La., said in a statement. "The Biden-Harris Administration ignored Main Street America and instead prioritized illegal aliens and dismantled the American people’s trust in the Small Business Administration (SBA), but Republicans have fought and won support for hardworking Americans and entrepreneurs.
"From ending taxpayer-subsidized open borders to restoring oversight capabilities at SBA, House Republicans continue to bring common sense back to government and refocus agencies on their core missions. We will keep passing the President’s executive orders and working in lockstep with this Administration to fulfill our commitment to the American people."
The "Capping Excessive Awarding of SBLC Entrants (CEASE) Act," introduced by Rep. Rob Bresnahan, R-Pa., puts a limit on the number of small business lending companies.
"Small businesses deserve a reliable program that works for them, and that means keeping our community banks at the core of the system," Bresnahan said. "President Trump and I agree, we shouldn’t be incentivizing fraud and abuse by flooding the program with risky, underregulated institutions."
The "American Entrepreneurs First Act," introduced Rep. Beth Van Duyne, R-Texas, requires applicants for certain SBA loans to provide certain citizenship status documentation.
"The American Entrepreneurs First Act ensures Small Business Administration funds are directed to American businesses and not accessible by individuals or businesses with foreign or undocumented ownership and verifies the age of all recipients," Van Duyne said.
The "Save SBA from Sanctuary Cities Act," introduced by Rep. Brad Finstad, R-Minn., directs the SBA administrator to relocate certain offices currently located in sanctuary jurisdictions.
"By circumventing federal law and encouraging illegal immigrants to come into our communities, failed sanctuary city policies have created a growing public safety crisis," Finstad said. "This important legislation codifies two of President Trump’s pro-business executive orders that protect SBA employees and safeguard our entrepreneurs by relocating SBA offices out of sanctuary cities."
House Committee on Small Business Chairman Roger Williams, R-Texas, said the pieces of legislation address how "American small business owners have been tossed aside by the Biden-Harris SBA for illegal immigrants and government bureaucrats" the past four years.
"This week, we took a critical step in codifying President Trump’s executive orders and protecting small businesses," Williams said. "Thank you to my colleagues in the House Republican Conference for advancing legislation that will restore trust and accountability to the SBA and prioritize the hardworking entrepreneurs of Main Street America."
Charlie McCarthy ✉
Charlie McCarthy, a writer/editor at Newsmax, has nearly 40 years of experience covering news, sports, and politics.
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