Senate voted on Wednesday with a 52-46 profit to confirm the presidential nomination Donald Trump’s Select Leadership of the Small Business Administration (SBA).
Kelly Loeffler, a well-known business executive and philanthropist who served as a Georgia senator for two years, will now lead the agency. She unveiled the program at a confirmation hearing to ease the regulatory burden on small business owners and enhance opportunities for SBA-backed loans and grants.
The agency aims to provide small business owners with consulting, capital and contractual expertise to advance their businesses.
Loeffler appeared before the Senate Small Business and Entrepreneurs Committee on January 28, outlining her vision and assured that Trump’s policies will “restore the small business economy” which will lead to “prosperity and growth” The golden age of ”.
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The Senate voted to pass on February 19, 2025 to confirm President Donald Trump’s draft pick nomination to lead the Small Business Administration, GOP Kelly Loeffler. (Alyssa pointer/Bloomberg via Getty Image)
“This is exactly what the first agenda of the United States does – ending inflation, reducing taxes, unlocking U.S. energy advantages, cutting regulations, cutting government fraud, waste and abuse,” Loeffler said in his opening speech.
Loeffler and her husband Jeff, who co-founded a Fortune 500 financial services and technology company, told lawmakers she intends to donate its annual $207,500 SBA executive to charity.
Loeffler has an estimated net worth of about $1 billion after her annual Senate salary of $174,000 between 2019 and 2021 donated her to more than 40 Georgia charities and nonprofits. Senate salary.
These organizations include anti-abortion, foster care/adoption groups and organizations that promote healthcare, agriculture, education, law enforcement and disaster relief.
The Senate voted on Thursday with a 51-43 profit to boost Lofler’s final confirmation of the vote.
Senator Joni Ernst, chairman of the Senate Small Business and Entrepreneurship Committee, supports Loeffler’s nomination on the grounds that Loeffler’s “waste, fraud and Zero tolerance policy for abuse”.
Additionally, Ernst expressed support for Loeffler’s plan to conduct a comprehensive review of the SBA to eliminate any wasted spending.
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R-IOWA Senator Joni Ernst expressed support for Kelly Loeffler’s nomination on February 13, 2025, saying Loeffler understands entrepreneurs Spiritual requirements. (Reuters)
“Senator Lofler is very qualified to hold this position,” Ernst said Thursday in the Senate. “As a successful businesswoman, it’s clear that Senator Lofler really understands the need to be an entrepreneur,” he said. What and will be an effective voice for small businesses across the United States.”
But the ranking member of D-Mass’ Senate Small Business and Entrepreneurship Committee, Sen. Ed Markey, was postponed Loeffler’s nomination amid concerns that her confirmation would pave the way for the newly formed Department of Government Efficiency (Doge). Funding for small business owners. As a result, he said Trump hopes to fill his cabinet with those that will follow him “illegal bidding.”
Markie and Lofler also made a note at a confirmation hearing in January after the Trump administration announced on January 27 that it would freeze federal funds and grants aimed at eliminating “wokeneses” and “government weaponization”. .
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D-Mass Sen. Ed Markey kidnapped Kelly Loeffler at a confirmation hearing confirming government spending. (Andrew Harnik/Getty Images)
When the White House canceled the memorandum on January 29, White House press secretary Karoline Leavitt said federal funding freezes remain in effect.
As a result, Markey urged Loeffler whether she thought the move was legal because members of Congress were trying to illegally circumvent Congress and withhold funds.
“I totally agree with President Trump’s decision to stop wasting spending,” Lofler told Markie. “This has led to a landslide victory, and many Americans are waiting for excessive relief from the government.”
