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Committee Republicans voice significant concerns with Democrat proposals to expand government direct lending
WASHINGTON, D.C. – Today, House Committee on Small Business Republicans, led by Ranking Member Blaine Luetkemeyer (MO-03), sent a letter to House Speaker Nancy Pelosi and Republican Leader Kevin McCarthy voicing significant concerns with Democrat proposals to expand federal government direct lending capabilities.
President Biden’s administration and Congressional Democrats have taken steps to move toward a fraud-ridden, cumbersome federal direct lending model. Committee Republicans are urging House Leadership to exercise extreme caution with any proposals that rely solely on the federal government to underwrite and disburse small business assistance.
Excerpts and the link to the full letter can be found below.
President Biden’s administration and Congressional Democrats have taken steps to move toward a fraud-ridden, cumbersome federal direct lending model. Committee Republicans are urging House Leadership to exercise extreme caution with any proposals that rely solely on the federal government to underwrite and disburse small business assistance.
Excerpts and the link to the full letter can be found below.
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