WASHINGTON – In case you missed it, U.S. Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-Iowa), alongside House Small Business Committee Chairman Roger Williams (R-Texas) and President Trump’s Small Business Administration (SBA) Administrator Kelly Loeffler, unveiled a significant new bill to unleash domestic manufacturing and bring back “Made in America.”
The Made in America Manufacturing Finance Act will double the individual limit for small manufacturing loans to provide greater access to capital for small businesses and create jobs in Iowa and across America.
Watch Senator Ernst’s remarks here and
Download more photos here.
Print Coverage of Ernst’s Work:
FOX BUSINESS | 'Made in America' loan cap doubled under new Trump-backed manufacturing push
“A cooperative framework between the Trump administration, the Senate DOGE Caucus chairwoman and the House’s top small-business lawmaker seeks to boost domestic manufacturing by doubling the capital small businesses can access.”
DAILY SIGNAL | Small Business Administration Chief Details Trump’s Carrot-And-Stick Economic Policies
“‘This is the carrot,’ said Ernst of her bill. ‘This is for the little guy, not the big guy. So, our small manufacturers really need access to capital … So, doubling the amount of the loans, those individual loans, will make a huge difference. It is a carrot to bring manufacturing into the United States.’”
AMERICAN BANKER | Trump's plan to aid U.S. manufacturing gets boost from SBA
“‘I'm grateful to Sen. Ernst and Rep. Williams for leading this bipartisan effort that will empower our small businesses to reclaim our economic independence and rebuild the foundation of American power,’ said Loeffler.”
BARRONS | A Bill Would Increase Small Business Loans for U.S. Manufacturers
“Ernst has deeply involved herself with SBA oversight. During the Biden administration, she decried loose lending policies that caused negative cash flow for the first time in 13 years, at the agency’s flagship loan program in 2024. Those policies have been reversed under the Trump-appointed SBA administrator Kelly Loeffler.”
BREITBART | Small Business Admin. Kelly Loeffler: Made In America Bill Will Help Bring Back U.S. ‘Economic Independence’
“Administrator Loeffler, Senate Small Business Committee Chair Joni Ernst (R-IA), House Small Business Committee Chairman Roger Williams, and Sen. Chris Coons (D-DE) make headlines this week when they announced the Made in America Manufacturing Finance Act, a bill that seeks to boost manufacturing in the United States by boosting the capital available to small businesses through the SBA.”
KCRG | Sen. Joni Ernst proposes legislation to encourage American manufacturing
“[Ernst] went on to say that prioritizing American manufacturing will increase national security by decreasing the country’s reliance on foreign partners.”
KCCI | Sen. Joni Ernst proposes 'Made in America' legislation to encourage American manufacturing
“U.S. Sen. Joni Ernst proposed new legislation aimed at making it easier for American manufacturers to expand their businesses stateside.”
GLOBE NEWSWIRE | Administrator Loeffler Applauds Congressional Proposal to Increase Capital for Small Manufacturers
“The Made in America Manufacturing Finance Act will double SBA loan limits for small manufacturers, supercharging the return of American industry by giving small businesses the capital they need to expand, hire, and compete.”
TV Coverage of Ernst’s Work:
Watch Senator Ernst’s interview here.
“This is a big deal for the state of Iowa. The bill will actually double the amount of capital that our small businesses are able to secure from the Small Business Administration through these loan programs. And we have many, many manufacturers in Iowa that really want to expand their lines, provide greater opportunity, but they're not able to access that capital. This allows them to do that.”
Watch KGAN’s coverage here.
“Iowa Senator Joni Ernst is backing a new bipartisan bill to boost American manufacturing. The legislation would double the amount that small manufacturers can borrow through federal loans from 5 million to 10 million.”
Watch KCCI’s coverage here.
“Iowa Senator Joni Ernst is now proposing some new legislation to encourage American manufacturing. This is called the Made in America Manufacturing Finance Act. It would increase the amount of money that small businesses can borrow.”
Watch KCRG’s coverage here.
“An Iowa lawmaker is also trying to spur growth, but for smaller companies. Senator Joni Ernst says the purpose of this bill is to increase the amount of capital available to small business owners. The Made in America Manufacturing Finance Act of 2025 would essentially double the amount of money that small business owners could access through small business loans.”
Watch KWWL’s coverage here.
“Iowa Senator Joni Ernst spoke out on the Trump tariffs touting domestic manufacturers as she revealed a new initiative to unlock a key part of the Trump administration's Made in America agenda. ‘Boosting American manufacturing strengthens the economy and our national security, which is something that's very important to all of us.’”
Watch OAN’s coverage here.
“The bipartisan bill was introduced by Senators Joni Ernst of Iowa, Chris Coons from Delaware and Texas Representative Roger Williams. The act seeks to revamp the U.S. manufacturing industry by doubling the SBA's loan cap from $5 million to 10 million.”
Radio Coverage of Ernst’s Work:
Senator Ernst also spoke with Doug Wagner at WMT and Aaron West at KCSI about the Made in America Manufacturing Finance Act.
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