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Lawmakers press SBA issues after witnesses describe contracting goal changes and funding uncertainty
Summary
Members and witnesses discussed the SBA’s updated contracting targets, low program approval rates in some jurisdictions, and recent reports of a federal funding freeze that left field staff and small businesses uncertain about access to programs and grants.
Representative Cisneros noted that the Small Business Administration updated contracting goals for fiscal year 2025, reducing some targets such as the disadvantaged small business share to 5 percent. He asked witnesses how those changes would affect small disadvantaged, women‑owned and veteran‑owned firms seeking federal contracts.
Alice Frasier, who testified for the Independent Community Bankers of America, said reduced targets may lower expected contract volume for…
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