SBA: Agency Ready to Act on President Trump’s Executive Order to Bypass Bureaucracy and Help California Residents Rebuild One Year After Wildfires
Executive action empowers SBA to cut through red tape that has stalled recovery for more than a year Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration(SBA), applauded President Donald J. Trump for signing a new executive order, “Addressing State and Local Failures to Rebuild Los Angeles After Wildfire Disasters,” which encourages the SBA to promulgate new regulations…
SBA: Clarifying Guidance Issued that Race-Based Discrimination Is Not Tolerated in the 8(a) Program
Action is Latest in Year-Long Effort to Dismantle DEI Discrimination, Expose Fraud, and Restore Fairness in Federal Contracting Today, the U.S. Small Business Administration (SBA) issued formal guidance to SBA program officials reiterating, in alignment with policy changes implemented by Administrator Kelly Loeffler last year, that race-based discrimination within the 8(a) Business Development Program is unconstitutional and…
ABA: Banking and Credit Union Groups Urge Congress to Reject Durbin-Marshall Bill
The American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Independent Community Bankers of America, Electronic Payments Coalition, Electronic Transactions Association, Mid-Size Bank Coalition of America and National Bankers Association, today sent a joint letter to members of Congress strongly opposing the so-called Credit…
SBA: 2025 Annual Report Released
Today, the U.S. Small Business Administration (SBA) published its 2025 Annual Report, highlighting the historic Year One results of the agency under the leadership of President Donald J. Trump and SBA Administrator Kelly Loeffler. The report documents the SBA’s return to its statutory mission of strengthening small businesses and driving economic growth, and a reversal in course following…
ABA: New Research Finds that Proposed 10% Credit Card Rate Cap Would Result in Up to 159 Million Americans Losing Access to Credit
New data from credit card issuers accounting for roughly 75% of the market shows that a proposed 10% federal credit card interest rate cap would significantly reduce access to credit for millions of consumers nationwide, and even those with good credit scores who pay their bills on time will be affected by the rate cap. The…
ABA: 2026 Blueprint for Growth Outlines Key Policy Priorities
The American Bankers Association today released its 2026 Blueprint for Growth, outlining ABA’s top policy priorities for the year ahead. The Blueprint will shape ABA’s ongoing engagement with Congress and the administration on the most important issues facing banks of all sizes, charters and business models. It was developed by ABA’s Government Relations Council, made up…
SBA: Growth in Demand for Manufacturing Drives Record Surety Bond Guarantees in FY25
SBA Backs Historic $10.6 Billion in Contract Value Today, the U.S. Small Business Administration (SBA) announced that its Surety Bond Guarantee (SBG) Program delivered record results in fiscal year (FY) 2025 with $10.6 billion in guarantees, marking the strongest year in the program’s history. In FY25, the program supported more than 2,200 small businesses – especially those within the construction,…
ABA: Banks Respond to Proposed Cap on Credit Card Interest Rates
The Administration announced plans today to issue an executive order imposing a temporary 10% cap on credit card interest rates. The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America issued a joint statement: “We share the President’s goal of helping Americans access more affordable credit….
SBA: On One-Year Anniversary of California Wildfires, SBA Extends Disaster Relief Deadlines
Today, on the one-year anniversary of the Los Angeles County wildfires, the U.S. Small Business Administration (SBA) announced it is once again extending disaster relief deadlines for survivors amid state and local permitting delays that have prevented rebuilding for thousands of residents. This action will allow homeowners and business owners to draw down their approved SBA loan…
SBA: First MARC Loans Delivered to Support Manufacturers
$3.5 Million in New Capital will Supercharge Reindustrialization Today, the U.S. Small Business Administration (SBA) announced it has approved its first round of 7(a) Manufacturers’ Access to Revolving Credit (MARC) Loans – already delivering $3.5 million in working capital to four manufacturers. The loan program, launched just prior to the federal shutdown, is the first-ever SBA loan offering dedicated…