Senate panel advances Trump's nominee to lead Small Business Administration

Senate panel advances Trump's nominee to lead Small Business Administration
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The Senate Small Business and Entrepreneurship Committee on Wednesday voted to advance President TrumpDonald John TrumpTrump fires intelligence community inspector general who flagged Ukraine whistleblower complaint Trump organization has laid off over 1000 employees due to pandemic: report Trump invokes Defense Production Act to prevent export of surgical masks, gloves MORE's nominee to lead the Small Business Administration (SBA).

The panel voted to approve Jovita Carranza's nomination in a bipartisan vote of 17-2. The only no votes were Sens. Ed MarkeyEdward (Ed) John MarkeyOvernight Health Care: CDC recommends face coverings in public | Resistance to social distancing sparks new worries | Controversy over change of national stockpile definition | McConnell signals fourth coronavirus bill Democratic senators want probe into change of national stockpile description Overnight Energy: Oil giants meet with Trump at White House | Interior extends tenure of controversial land management chief | Oil prices tick up on hopes of Russia-Saudi deal MORE (D-Mass.) and Cory BookerCory Anthony BookerDemocrats urge administration to automatically issue coronavirus checks to more people Democrats ask EPA, Interior to pause rulemaking amid coronavirus Politicians mourn the death of Bill Withers MORE (D-N.J.).

Carranza is currently the treasurer of the United States, a position in the Treasury Department that involves overseeing the department's Office of Consumer Policy and the U.S. Mint. She had served as deputy administrator of the SBA during former President George W. Bush's administration.

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During her confirmation hearing earlier this month, Carranza said that if she's confirmed, she plans to "put particular emphasis on opening more doors for women and for entrepreneurs in underserved communities, including military families and veterans." She also said that she plans to prioritize disaster preparedness.

Trump's first SBA administrator, Linda McMahonLinda Marie McMahonSenate confirms Trump pick for small business chief On The Money: Senate chairman opposes cannabis banking bill | Panel advances Trump pick for Small Business Administration | Judge tosses NY state fraud charges against Manafort Senate panel advances Trump's nominee to lead Small Business Administration MORE, stepped down earlier this year to take a job with a political group supporting the president's reelection campaign. The SBA is currently being led by acting Administrator Chris Pilkerton.

The leaders of the Small Business and Entrepreneurship Committee were positive about the vote.

“I congratulate Ms. Carranza on being favorably reported to the Senate floor," Committee Chairman Marco RubioMarco Antonio RubioConfusion surrounds launch of 9B in small-business loans Trump officials report billions in small business loans on first day of program Miami Herald: Citadel Securities has set up shop in Palm Beach Four Seasons amid NY outbreak MORE (R-Fla.) said in a statement. "If confirmed, I look forward to working collaboratively with her to modernize the SBA, optimize the agency’s programs, and increase interagency coordination."

The top Democrat on the committee, Sen. Ben CardinBenjamin (Ben) Louis CardinDemocratic senator asks Pompeo to stop saying 'Wuhan virus' Small-business rescue package expected to swell to 0 billion or more McConnell sets Friday night deadline for bipartisan deal on stimulus MORE (Md.), said that he looks forward "to working with Treasurer Carranza to empower America’s entrepreneurs so they can build successful businesses and create jobs.”