House Codifies Trump EOs to Help Small Businesses

House Republicans this week passed several bills to codify President Donald Trump's executive orders focused on helping small businesses.

The measures passed aim to restore Americans' confidence in the Small Business Administration (SBA) after four years under President Joe Biden.

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The "Capping Excessive Awarding of SBLC Entrants (CEASE) Act," introduced by Rep. Rob Bresnahan, R-Pa., puts a limit on the number of small business lending companies.

"Small businesses deserve a reliable program that works for them, and that means keeping our community banks at the core of the system," Bresnahan said. "President Trump and I agree, we shouldn’t be incentivizing fraud and abuse by flooding the program with risky, underregulated institutions."

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