Us Congress House Bill HB2148

Us Congress 2023-2024 Regular Session

• Introduced: 3/29/23
• Refer: 3/29/23

Caption

To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration,, Business Loans Program Account, Administrative Expenses for fiscal year 2024.

Impact

If enacted, HB 2148 will directly affect the financial operations of the Small Business Administration and its ability to allocate resources to independent agencies for the upcoming fiscal year. By capping the budget at $155 million, the bill could limit the agency's capacity to provide loans and administrative support to small businesses, which are often vital for economic growth. This limitation may also reflect broader governmental strategy aimed at tightening fiscal discipline within agency operations.

Summary

House Bill 2148 is introduced to impose a limitation on the availability of funds for Independent Agencies, specifically targeting the Small Business Administration's Business Loans Program Account. The bill establishes a cap, restricting the budget for Administrative Expenses for the fiscal year 2024 to no more than $155,150,000. The intention behind this bill appears to be an effort to manage government spending in a time of fiscal scrutiny.

Contention

The bill might provoke discussion around the sufficiency of funding for small business initiatives amidst a recovering economy. Critics could argue that limiting funds compromises the administration's ability to effectively support small businesses, especially in light of ongoing economic challenges. Proponents of the bill may argue that such limitations are necessary to ensure accountability and prevent wasteful spending. Overall, the debate surrounding HB 2148 hinges on the balance between fiscal responsibility and adequate support for small businesses.