Beruflich Dokumente
Kultur Dokumente
108452
SBA REAUTHORIZATION:
PROGRAMMING FOR SUCCESS
HEARING
BEFORE THE
JUNE 4, 2003
Printed for the use of the Committee on Small Business and Entrepreneurship
(
Available via the World Wide Web: http://www.access.gpo/gov/congress/senate
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COMMITTEE ON SMALL BUSNIESS AND ENTREPRENEURSHIP
FIRST SESSION
(II)
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C O N T E N T S
Page
OPENING STATEMENTS
Snowe, The Honorable Olympia J., Chair, Committee on Small Business
and Entrepreuneurship and a United States Senator from Maine ................. 1
TESTIMONY
Barreto, The Honorable Hector V., Administrator, Small Business Adminis-
tration, Washington, DC ...................................................................................... 3
(III)
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SBA REAUTHORIZATION:
PROGRAMMING FOR SUCCESS
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So Mr. Barreto, we are very pleased to have you here this after-
noon. This is an important hearing because it will help us to work
through some of the issues that are important to the agency and
highlight the leadership that you have provided to the agency. I
want to commend you for that. We want to work with you through-
out this reauthorization process to succeed in reaching some deci-
sions on those programs that have really worked well for small
businesses and to see what we can do better in the future.
So I welcome you, Mr. Barreto. You can begin and I will submit
your full testimony in the record.
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This is something our SBIC partners can show the markets and
allow CDCs time to plan further into the future. It will not affect
the oversight authority of Congress, which has been exercised
many times over the years regardless of program authorization.
Specifics of our legislative proposal, explained in greater detail in
my submitted written testimony, are as follows. We propose
changes to update SBDC assistance by encouraging new tech-
nologies, creating a virtual SBDC, analyzing local economic devel-
opment needs, and increasing the capacity of the SBDC and
Women Business Center clearinghouses. This will significantly ex-
pand sharing of SBDC information, leverage resources, and support
the integration of entrepreneurial development programs.
Because of our strong support for women business centers, we do
not believe the reauthorization of sustainability is the best way to
serve them. The pilot requires SBA to spend 30.2 percent of the
womens business center budget on sustainability grants. After
funding existing centers and the sustainability requirement, little
is left for new centers, ideas, or for outreach. Sustainability locks
in the status quo.
With the funding currently dedicated to sustainability, the SBA
estimates that an additional 24 centers could be opened. Currently,
there are no centers in Nevada or Delaware or the city of Los An-
geles. Sustainability is preventing the WBC program from reaching
women in more than a dozen cities.
Madame Chair, I appreciate your work on S. 1154. Our staffs
have been talking and I look forward to working on this program
with you.
SBA is also proposing competition for the SBDC program. The
process would be phased in with strong performing centers flour-
ishing and underperforming centers working to improve their per-
formance and prove their value to the small business community.
Women business centers compete, why should SBDCs remain a mo-
nopoly, under a system that prohibits other potential service pro-
viders from even offering their services.
SBA is also proposing changes to the 7(A) program to clarify
SBAs approach, authority to regulate small business lending com-
panies, and carry out the SBAs fiduciary responsibilities. Cur-
rently, SBLCs have no federal regulator, yet carry out approxi-
mately 20 percent of all SBA lending.
We have proposed two changes to the Microloan program, one re-
garding eligibility requirements for participation, and the second
repealing the current limits on the use of technical assistance
funds. This will allow additional qualified intermediaries into the
program, and we propose to give them flexibility to best serve
microborrowers.
SBA is also proposing changes to the loan loss reserve for the
504 Premier Certified Lending Program. The original formula re-
quires loss reserves that financially strain CDCs. SBAs proposal is
less restrictive to a risk-based system that will encourage CDCs to
participate in PCLP lending.
SBA proposes a statutory modification to increase fees for the
SBIC Participating Securities Program to maintain the programs
zero subsidy. This change is not due to any failure of the program
but due to a drop in the Treasury rates reflecting in reduced par-
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