Hanna cited one killed program aimed at developing companies in Central Europe. He said it has not been funded since 1995, and in part aims to develop business in Czechoslovakia, a county Hanna pointed out "no longer exists."
He also said the bill kills a program by which the SBA could back bonds used for the purchase of pollution control equipment. He said no bonds had been issued under this program for nearly 30 years.
Both Hanna and Rep. Nydia Velazquez (D-NY) noted that SBA has also started programs that were never authorized by Congress. One of these aimed at developing "emerging leaders" was never approved, and yet SBA asked for $3 million for the program in the coming fiscal year.
Velazquez said these unauthorized programs reached about 10 percent of SBA's non-credit programs budget, and need to be reined in.
With House passage, the bill now goes to the Senate.