On Hearing to Consider the President´s Nomination of Erskine B. Bowles to Be Administrator of the U. S. Small Business Administration
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| Stand: | 2015-08-04 03:50:33 |
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Excerpt from On Hearing to Consider the President´s Nomination of Erskine B. Bowles to Be Administrator of the U. S. Small Business Administration: Hearing Before the Committee on Small Business United States Senate One Hundred Third Congress First Session The Committee met, pursuant to notice, at 12:58 p.m., in room SR-428A, Russell Senate Office Building, Hon. Dale Bumpers, Chairman of the Committee, presiding. STATEMENT OF HON. DALE BUMPERS, A U.S. SENATOR FROM THE STATE OF ARKANSAS The Chairman. I would like to set a Congressional record by starting a hearing early. We are here today, as you all know, for a hearing on President Clinton´s nomination of Erskine B. Bowles of North Carolina to be Administrator of the Small Business Administration. I can only say that this day has been a long time coming. This is our fourth Administrator´s confirmation hearing since I became Chairman of this Committee in 1987, and this nominee is the first who is not a defeated candidate for the United States Senate. [Laughter.] The Chairman. SBA has wandered in the wilderness for a long time now, and we hope that the wandering is at an end. Mr. Bowles, from all that I have learned about him so far, is exactly what others and I have called for in an Administrator, a person with impeccable credentials and a record of accomplishment in the world of business. In the interests of time, I will ask consent to include a more formal statement in the record. [The prepared statement of Senator Bumpers follows:] PREPARED STATEMENT OF SENATOR DALE BUMPER President Clinton has made a welcome departure from precedent in choosing Erskine Bowles to be Administrator of the Small Business Administration. SBA - the only federal agency created specifically to serve the needs of the small business economic sector - has suffered both insult and injury over the last 12 years. President Reagan´s OMB Director called SBA a "billion dollar rathole." Mr. Reagan and President Bush appointed three successive SBA Administrators whose chief qualification seemed to be having been defeated as candidates for the U.S. Senate. The agency went from about 6,000 employees in 1980 to about 4,000 today, while its workload more than doubled during the same time. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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