Washington Watch - June 30, 2010


Washington Watch - June 30, 2010

Letter From The Editor: Fourth Of July Recess

In celebration of Independance Day, Washington Watch will close its doors next week. The next scheduled issue is July 14th. In the meantime, keep up-to-date on small-business issues by visiting the NASE Staff Blog and Facebook page.

Marie Johns Confirmed As SBA Deputy Administrator

Marie C. Johns, who was nominated for the post by President Barack Obama, will be the second-ranking official at SBA, with major responsibility for management, policy development and program supervision.

“I’m thrilled to welcome Marie Johns as Deputy Administrator of the SBA,” said SBA Administrator Karen Mills. “Over the past two decades, Marie has dedicated herself to creating great opportunities for small businesses and the local community in Washington, D.C. Marie’s strong leadership will help provide small businesses with the guidance, support and tools they need to grow, create jobs and continue to drive economic recovery throughout the country.”

“I am grateful to President Obama for his nomination and it is an honor to assume the role of SBA Deputy Administrator,” Johns said. “I am excited to join Administrator Mills and the entire SBA team to serve the interests of small businesses across this country. The SBA mission is fundamental to the economic strength of our nation; that is, give small businesses the support they need to grow and create jobs.”

Johns is a managing member of L&L Consulting, LLC, an organizational effectiveness and public policy consulting practice.  Previously, she served as President of Verizon Washington. Under her leadership, Verizon Washington made significant strides in maintaining the company’s financial health during tumultuous times in the telecommunications industry. Johns retired from Verizon in 2004, after 21 years of service in the telecommunications industry.

Financial Overhaul May Include Important Small Biz Protections

The House and Senate have reconciled the financial regulatory reform bill. Now it is up to the two chambers to vote on the the final bill which includes important protections for small businesses. If the merged bill is passed, Congress will send it to President Obama to be signed into law.

The NASE agreed to support the bill only if a key small business provision remained in the final version. Luckily, Senate leaders ensured that financial regulatory reform did not forget small business. When the newly created Consumer Financial Protection Bureau (CFPB) proposes new rules and regulations, it must fully consider the negative economic impact on small firms. This CFPB would also have to consider the economic impact that its rules will have on the cost of credit for small businesses prior to issuing final regulations.

Stay tuned to NASE.org for updated information.

For more information, please visit our NASE Blog.

Washington Watch Online

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Courtesy of NASE.org