The Small Business Administration would no longer be a separate entity and its functions would be incorporated into an agency that combines the functions of six agencies that deal with trade and business matters, according to a proposal made by President Obama.
New agency would merge functions of SBA, Office of Trade Representative, Export-Import Bank, others.
Credit unions could make more loans if the Small Business Administration streamlines its loan approval and evaluation processes and Congress raises the cap on member business loans, Corning FCU President/CEO Gary Grinnell told a House panel.
Corning FCU CEO testifies on the Hill for the second time this month.
Two weeks after appearing before a House subcommitee to endorse raising the member business lending cap, CEO Gary Grinnell will be back to testify at a hearing on SBA loan programs.
House subcommittee hears both sides of debate over raising the member business lending cap for credit unions.
House subcommittee hearing on proposed lifting of MBL cap set for Wednesday.
Proposed hike on MBL cap faces Wednesday hearing in House subcommittee.
Panel to have more CU witnesses than bank witnesses.