Ernst Demands SBA Put a Price Tag on Projects Funded by Taxpayers

Press Release

“It’s a simple concept: If the public is being asked to pay for something, taxpayers deserve to know the price. The SBA gives out more than $290 million in recurring grants a year. That’s a lot of money. Taxpayers should be able to decide for themselves if they are getting a good deal on the dollars they are sending to Washington. Right now, we have no way of doing that because negligent bureaucrats at Biden’s SBA are refusing to follow the law.

In light of this being Sunshine Week, the annual celebration of the public’s right to know what the government is doing, I am calling on the SBA to stop keeping taxpayers in the dark and comply with the law. I know sunlight is the best disinfectant, because I’ve stopped billions of dollars of wasteful spending by shining a bright light on it, including my recent effort to force SBA to recollect billions of dollars of delinquent small business loans.

SBA has a responsibility to provide guidance and monitor grantee compliance with this statute to ensure taxpayers know exactly where SBA’s funds are going. Just as SBA provides guidance on USASpending.gov reporting standards, so too must SBA provide clear instructions on P.L. 117-328 compliance. SBA must ensure all grantees publicly display how much they are receiving in federal funding for each project.”

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