The law “made in America” seeks to stimulate national manufacturing by giving companies more lever
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First on Fox: A cooperative framework between the Trump administration, the president of the Senate Doge Caucus and the best legislative of small companies in the Chamber seeks to stimulate national manufacturing by doubling the capital that small businesses can access.
Manufacturing loans increased by 74% in the first 100 days of President Donald Trump, the sponsors of the Made in America Manufacturing Finance Act in Fox News Digital.
Supporters of the measure indicate that in double the limit of $ 5 million to $ 10 million for 7 (A) and 504 loans focused on small manufacturing outfits that may not be able to borrow from traditional banks, these small businesses will be able to invest more in their workforce and their products.
The chairman of the Small Business Committee of the Chamber, Roger Williams, R-Texas, told Fox News Digital on Wednesday, Senator Joni Ernst, R-Iowa, and the administration of small businesses (SBA) The administrator Kelly Loeffler is proud to collaborate in the legislation.
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“”[W]He support small American companies, which represent almost 99% of all American manufacturers, “said Williams.
“The Made in America Manufacturing Finance Act provides small businesses with the capital they need to develop, modernize and compete. We must continue to support and empower job creators who keep our communities booming.”
Loeffler cited the “Liberation Day”, the nickname Trump gave April 2, the day that most of the prices have entered into force, saying that the new act would be based on the advantages of this framework in a joint prosecution of strengthening American companies.
“On Liberation Day, President Trump made a clear promise to fight for our businesses and workers by bringing jobs and supplies that have built this nation – and today,” said Loeffler.
“The Made in America Manufacturing Finance Act will double the SBA loan limits for small manufacturers, overhanging the return of American industry by giving small businesses the capital they need to extend, hire and compete.”
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From left to right: Small businesses administration (SBA) The administrator Kelly Loeffler, Senator Joni Ernst, R-Iowa, and representative Roger Williams, R-Texas. (Getty)
She then called small businesses the “foundation of American power” and said that there was great value for products stamped with “Made in America”.
Williams said that cooperation between the administration, the Senate and the Chamber is a good sign of how the three will work together beyond the 100 days of Trump.
“Together, we will continue to advance the America First Agenda and create an environment where the success of rue Main is a priority,” said Williams.
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Ernst noted that she had previously warned the Biden administration to widen program 7 (A), but in a way that potentially left taxpayers on the hook for unsuitable loans.
She told Fox News Digital that small manufacturers are what motivates heart savings like that of Iowa.
“Today marks a major step in bringing” Made in America “,” she said.
