At a Capitol Hill press conference Thursday, Kelly Loeffler, director of the Small Business Administration, laid out President Donald Trump’s carrot-and-stick strategy for returning manufacturing to the United States.
Loeffler joined Sen. Joni Ernst, R-Iowa, and Rep. Roger Williams, R-Texas, to promote the Made in America Act, which would increase to $10 million the limit on two different SBA loan programs to small manufacturers. Their limits are currently $5 million and $5.5 million.
Loeffler, a former senator from Georgia, presented a vision of an economy boosted by protecting American manufacturers with tariffs and removing burdensome regulations on them.
“President Trump made a commitment to stand with American workers, rebuild our industrial base and our domestic supply chains, and it is already restoring our national strength,” said Loeffler.
