Appoint an Administrator with relevant experience rather than a figurehead
What the document says“the Administrator should have the requisite experience, skills, and knowledge to ensure that the SBA fulfills its statutory authorities.”
The chapter says the post should not be treated as symbolic or messaging-related as some past Administrations have viewed it, that the Administrator and key staff should have experience in small-business finance and investment or administrative law, and notes that during the pandemic the agency was often forced to outsource key decisions to the Treasury.
What the document actually says“the Administrator should have the requisite experience, skills, and knowledge to ensure that the SBA fulfills its statutory authorities.”
The head of this agency should know the work. It is not a job for a figurehead.
This agency lends money and backs loans. The book says its head needs real experience in finance. It says the job has been treated as a title.
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