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Letter to the Hon. Chris Pilkerton, Acting Administrator and General Counsel of the Small Business Administration - Rubio, Colleagues Urge Small Business Administration's Acting Administrator To Refrain From Issuing Final Lending Rule

Letter

Date: May 22, 2019
Location: Washington, DC
Issues: Business and Consumers

Dear Acting Administrator Pilkerton:

We write to urge the Small Business Administration (SBA) to delay the promulgation of all components of the final rule titled, "Express Loan Programs; Affiliation Standards, 83 Fed. Reg. 49,001 (proposed Sept. 28, 2018)," until the Senate is able to confirm, and an administrator is in place, at the agency. With last month's departure of former Administrator Linda McMahon, and the lack of a Senate-confirmed deputy administrator at the SBA, we are concerned about the agency promulgating a final regulation that will greatly impact the small business community, as well as entrepreneurs' access to capital.

As you know, this regulation will have a significant impact on a substantial number of small businesses that participate in the SBA's lending programs. Because of this, it is vital that the SBA performs all required analyses and thoughtfully considers the final rule, under the next administrator, before issuing it.

Thank you for your attention to this important matter.

Sincerely,


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