Increase Oversight & Transparency

Luetkemeyer: Biden’s SBA Continues to Fight Back on Transparency and Accountability

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement on penning a letter to the Small Business Administrator, the Honorable Isabella Guzman, regarding the SBA’s disagreements with the GAO on oversight improvements of the Restaurant Revitalization Fund (RRF): “I am at a loss of words about the fact that the SBA chose to disagree with several…

Luetkemeyer: Republicans Lead Small Business Committee Inquiry into Yellen’s Failure to Testify

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) along with Vice Ranking Member Roger Williams (R-TX), Rep. Dan Meuser (R-PA), and Rep. Beth Van Duyne (R-TX) issued the following statement on the mark-up of the Resolution of Inquiry directed at Treasury Secretary Yellen: “Since day one, I committed to using every tool at my disposal to conduct robust and effective…

Luetkemeyer: Another Inspector General Report Confirms: The SBA’s EIDL Program is Wrought with Potential Fraud

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement on the Small Business Administration (SBA) Office of Inspector General report highlighting potentially fraudulent activity within the Economic Injury Disaster Loan (EIDL) applications: “Fraud has been a continuing theme for the SBA’s EIDL program. The SBA is not outfitted with the necessary…

Luetkemeyer: Biden’s Comparison of PPP Loans and Student Loans is Reckless and Irresponsible

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement regarding Paycheck Protection Program (PPP) loan forgiveness: “The Paycheck Protection Program, a forgivable loan for small businesses created by Congress with vast bipartisan support, is not the same as a student loan. PPP loans saved small businesses and the American worker when Main…

Ranking Member Luetkemeyer’s Statement on President Biden Signing Key Legislation to Expand Statute of Limitations for EIDL and PPP Fraud

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement in response to President Joe Biden signing legislation expanding the statute of limitations of Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) fraud to 10 years: “Fraudulent actors are robbing the American taxpayer and both pieces of legislation President Biden…

Stakeholders Speak Out: The SEC’s Proposed Rule will Harm Small Businesses

| Posted in Press Releases

WASHINGTON, D.C. – Last week, Ranking Member Blaine Luetkemeyer (R-MO) along with all Republican Members of the House Committee on Small Business and penned a letter to Chairman of the U.S. Securities and Exchange Commission, Gary Gensler. This letter received support from over 91 advocacy organizations, think tanks, and companies. Below are statements of support from several of these…

House Small Business Committee Republicans Pen Letter to SEC Demanding the Rescission of Burdensome Greenhouse Gas Disclosure Requirements on Small Businesses

| Posted in Press Releases

WASHINGTON, D.C. – Republican members of the House Committee on Small Business issued the following joint statement after sending a letter to the Chairman of the U.S. Securities and Exchange Commission, Gary Gensler. “Time and time again, Democrats always find a way to inflict damage on small businesses through unnecessary regulations. This time, Biden’s SEC is imposing a…

Luetkemeyer & Williams Host Small Business Roundtable on Interest Rates Impacting Main Street USA

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) and Vice Ranking Member Roger Williams (R-TX) hosted a small business roundtable to discuss how rising interest rates are impacting America’s small businesses. “Just last week we saw inflation soar to a nearly 41-year high. Inflation remains a top problem for Main Street USA. Biden’s inflation crisis impacts every aspect…

Ranking Member Luetkemeyer on Biden’s Latest Disturbing Inflation Measurement

| Posted in Press Releases

WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement following the release of the latest Consumer Price Index (CPI) report: “Once again, we find ourselves experiencing another disappointing milestone in Biden’s inflation crisis. CPI at 9.1% year over year. American small businesses and families are shouldering this terrible burden – all caused…

Van Duyne: “Fintech and Transparency in Small Business Lending”

| Posted in Opening Statements

WASHINGTON, D.C. – Today, the House Small Business Subcommittee on Oversight, Investigations, and Regulations held a hybrid hearing on “Fintech and Transparency in Small Business Lending.” Subcommittee Ranking Member Beth Van Duyne’s opening statement as prepared for delivery: A little over an hour ago, the latest CPI number peaked at a whopping year-over-year increase of 9.1%. Maybe…