R42581 – State Small Business Credit Initiative: Implementation and Funding Issues – 2016-07-20

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State Small Business Credit Initiative: Implementation and Funding Issues

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Description

Author: Robert Jay Dilger, Senior Specialist in American National Government
Pages: 45

This report examines the SSBCI and its implementation, including Treasury’s response to initial program audits conducted by the U.S. Government Accountability Office (GAO) and Treasury’s Office of Inspector General (OIG). These initial audits suggest that SSBCI participants are generally complying with the statute’s requirements but that some compliance problems exist. They also indicate that Treasury’s oversight of the program could be improved and that performance measures are needed to assess the program’s efficacy.