The Small Business Administration would no longer be a separate entity and its functions would be incorporated into an agency that combines the functions of six agencies that deal with trade and business matters, according to a proposal made by President Obama.
He said at a Jan. 13 White House event attended by small business executives that he will ask Congress for specific authority to make merger proposals, which presidents have had to ask Congress for permission to make since 1984. If he receives permission, he will ask lawmakers for an up-or-down vote on this proposal within 90 days.
"No business or nonprofit leader would allow this kind of duplication or unnecessary complexity in their operations," he said. "You wouldn't do it when you're thinking about your businesses, so why is it O.K. for our government? It's not."
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