Top Republicans Accuse SBA of Wasting Taxpayer Dollars on $100 Million Small Business Program

📆 9/27/2024 1:26 PM
📰 FoxBusiness

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The Small Business Administration (SBA) is facing criticism from top Republican lawmakers for its handling of a $100 million program aimed at helping underserved small businesses recover from the pandemic. A report by the SBA's Office of Inspector General (OIG) raised concerns about the agency's oversight of the Community Navigator Pilot Program (CNPP), highlighting gaps in its ability to measure and manage the program's effectiveness.

The top Republicans on the House and Senate's respective Small Business Committees are accusing the Small Business Administration of wasting taxpayer dollars over the agency's handling of a $100 million program it was charged with overseeing.

THE 2024 ELECTION IS CLOSE AND BUSINESSES OUTLINING THEIR PRIORITIES The Biden-Harris administration and several prominent Democrats have touted the CNPP as one of the success stories of the American Rescue Plan. But after the release of the OIG audit, House Small Business Committee Chairman Roger Williams, R-Texas, and Senate Small Business Committee Ranking Member Joni Ernst, R-Iowa, both pointed to the program as a failure.

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