TRUMP SBA TO EXTEND COMMENT PERIOD AFTER RANKING MEMBER MARKEY LEADS EFFORT TO RESCIND SBA POLICY THAT RECLASSIFIES BILLION-DOLLAR BUSINESSES AS 'SMALL BUSINESSES'

WASHINGTON, Sept. 23 -- The Senate Small Business & Entrepreneurship Committee issued the following news release:

This week, the Small Business Administration (SBA) announced (https://public-inspection.federalregister.gov/2026-19546.pdf) its plans to extend the deadline to submit comments on its controversial proposed rule regarding small business size standards until November 20. The Trump SBA's announcement came shortly after Ranking Member Edward J. Markey (D-Mass.), alongside 12 of his Senate colleagues, sent a letter to Administrator Kelly Loeffler demanding that the Trump SBA rescind a harmful policy that would dramatically redefine what a small business is. The Administration's proposed policy would change the small business size st...