Small Business Administration Rural Performance Report Act

Floor Speech

Today, we are considering H.R. 5265, the Small Business Administration Rural Performance Report Act, which, as amended, requires an annual performance report and budget justification for the Office of Rural Affairs.

Mr. Golden has worked relentlessly to increase SBA outreach to rural small businesses and make sure the Office of Rural Affairs remains active. I commend Mr. Golden for his efforts, and I am quite disappointed we are not considering his legislation today, which would have enhanced the Office of Rural Affairs and was unanimously approved by the committee in September. I look forward to its speedy consideration.

Today, we are considering legislation that would require a performance report and budget updates from the Office of Rural Affairs so that we can stay apprised of its activities. Currently, we get this information by simply asking the agency for an update, but this bill would now statutorily mandate that it is provided.

Mr. Speaker, small businesses are powerful drivers of economic growth across the United States, employing 46 percent of the workforce and generating two-thirds of new jobs. In rural areas, self-employment tends to be higher than in urban and suburban areas, but the challenges they face are much greater. Rural small businesses have a harder time securing affordable capital, finding talented workers, and making ends meet.

Administrator Guzman is increasing SBA's commitment to rural America by appointing a new director to the office and improving the outreach and engagement with rural small businesses. She recognizes the importance of ensuring rural small businesses have access to SBA's vital programs. With this type of assistance, rural small businesses can thrive and, in turn, create good-paying jobs and lift up communities.

Mr. Speaker, I again thank Mr. Alford, Mr. Pappas, and Mr. Golden for their leadership on this issue, and I yield back the balance of my time.

BREAK IN TRANSCRIPT

Source