Confirmation comes amid pressure to get pandemic aid to the smallest businesses
The Senate voted 81-17 Tuesday to confirm Isabel Guzman, President Joe Biden’s nominee to lead the Small Business Administration.
As SBA administrator, Guzman will oversee the remaining disbursements from the Paycheck Protection Program, a forgivable loan program that was a lifeline to small businesses hit hard by the COVID-19 pandemic.
“The Small Business Administration has overseen two pandemic-related programs that will dole out more than $1 trillion to our nation’s small businesses, nonprofits, and religious institutions,” Senate Majority Leader Charles E. Schumer, D-N.Y., said on the floor. The agency will also play a major role as the economy recovers, he said. Continue reading.