Committee Activity

The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet for a hearing titled, “SBA 7(a) Budget Proposal and the Impact of Fee Structure Changes.” The hearing is scheduled to begin at 10:00 A.M. on Wednesday, April 10, 2019 in Room 2360 of the Rayburn House Office Building.

The 7(a) Loan Guaranty Program is SBA’s flagship lending program, guaranteeing more than 60,000 small business loans totaling $25.4 billion. Traditionally, the program relies on a combination of fees and recoveries of collateral on defaulted loans to operate without appropriations from Congress. However, in its budget request to Congress for FY2020, SBA predicts a funding shortfall in the program, and in response, proposes numerous fee increases to cover the shortfall. The purpose of this hearing is to provide Members the opportunity to examine the SBA’s budget and consider how the changes will impact small business lending.

To view the livestream of the hearing, click here. 

Hearing Notice 

Hearing Memo 

Witness List

Witnesses 

Panel One

Mr. Tim Gribben
Chief Financial Officer and Association Administrator for Performance Management
U.S. Small Business Administration
Washington, DC
Testimony 

Panel Two

Mr. Tony Wilkinson
President & CEO
National Association of Government Guaranteed Lenders
Stillwater, OK
Testimony 

Ms. Lynn G. Ozer
President, SBA Lending
Fulton Bank
Pottstown, PA 
Testimony

Ms. Gail Jansen
Vice President of Business Services and Operations
Kinecta Federal Credit Union
Manhattan Beach, CA 
*Testifying on behalf of the National Association of Federally-Insured Credit Unions
Testimony

Mr. Gordon Gray
Director of Fiscal Policy
American Action Forum
Washington, DC 
Testimony

*Witness testimony will be posted within 24 hours after the hearing’s occurrence