WASHINGTON, Dec. 22 -- Sen. Mazie K. Hirono issued the following press release:
Today, U.S. Senators Mazie K. Hirono (D-HI) and Ed Markey (D-MA), Ranking Member for the U.S. Senate Committee on Small Business and Entrepreneurship, sent a letter to U.S. Small Business Administrator Kelly Loeffler, expressing their deep concerns regarding the U.S. Small Business Administration's (SBA) December 5th announcement of a sweeping, program-wide audit (https://www.sba.gov/article/2025/12/05/sba-orders-all-8a-participants-provide-financial-records) of the 8(a) Business Development Program. SBA's announcement has left many businesses scrambling to meet the agency's extensive document requested under a short deadline with unclear guidance, while raisin...