Ernst Details Bipartisan Solution to Supercharge American Manufacturing

WASHINGTON – During a Senate Committee on Small Business and Entrepreneurship hearing featuring Small Business Administration (SBA) Administrator Kelly Loeffler, Chair Joni Ernst (R-Iowa) highlighted her bipartisan solution to continue the great American manufacturing resurgence happening under the Trump administration.

Ernst went on to thank Loeffler for restoring fiscal sanity to the SBA’s flagship 7(a) loan program and ending the era of sloppy underwriting.

Click here to watch Chair Ernst’s remarks.

Loeffler praised Ernst’s Made in America Manufacturing Finance Act as a key bipartisan solution that will “supercharge the return of American manufacturing.” Ernst described how doubling the size of crucial manufacturing loans will give small businesses the fuel they need to grow and bring jobs back.

She then applauded the hard work of Loeffler in righting the ship within the 7(a) loan program after a series of reckless changes by the Biden administration resulted in rising defaults, threatening to force taxpayers to foot the bill.

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