Senate confirms Isabel Guzman to lead Small Business Administration

United Kingdom News News

Senate confirms Isabel Guzman to lead Small Business Administration
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The Senate has confirmed Isabel Guzman to lead the Small Business Administration, giving her a key role in implementing the Biden administration's $1.9 trillion Covid relief bill

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

The new SBA administrator will oversee the Paycheck Protection Program, the over $687 billion loan initiative that has helped millions of companies but also been ripe for"fraud, waste, and abuse," according to a House Democratic investigation last year.Guzman, California's former Small Business Advocate, also served as deputy chief of staff during the Obama administration. Her nomination was supported by the US Chamber of Commerce and other business groups. .

Senate Majority Leader Chuck Schumer praised Guzman and her family background of small business owners. "I have every confidence that under Ms. Guzman's leadership, the SBA will help small business owners hold onto their dreams until our economy comes roaring back," said Schumer.Read MoreOf the 23 Cabinet-level positions requiring Senate consideration, 18 have now been confirmed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in UK
 

81-17... damn 😳

Small pandemic business planning people swinging brain

good luck

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines



Render Time: 2025-01-19 01:26:16