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Richard Burr

Proposal to Consolidate SBA Gains Support

The SBA’s future is once again uncertain, as a new proposal calls to consolidate the small business agency with other government departments.And the plan to merge the Small Business Administration, Department of Commerce and Department of Labor into one agency is gaining support from some small business advocates.The bill, introduced last month by Senator Richard Burr (R-NC), intends to eliminate duplicated functions between the three agencies, which the senator says would save taxpayers billions of dollars.“The president had called on Congress to merge, consolidate and reorganize in a way that best serves the goals of a more competitive country,” says Sen. Burr.And the senator says his bill does just that – without reducing the powers of the SBA.“It clearly states in the legislation that [the SBA] maintain all existing authorities,” says Sen. Burr. As he sees it, the SBA could actually be more effective within the super-agency, as it might have more opportunities to interact directly ...

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