WASHINGTON – Today, U.S. Small Business Administration Administrator Jovita Carranza issued the following statement in response to the U.S Senate ’s passage of the United States-Mexico-Canada Agreement (USMCA):

“Today’s passage of USMCA is a win for American small businesses and the nation’s economy,” Administrator Carranza said. “USMCA includes the first-ever chapter dedicated to small business and will enforce new intellectual property provisions, bolster innovation, and support small businesses engaging in digital trade. Additionally, USMCA removes burdensome regulations, reduces duplicative red tape, and lowers costs that will help the 30 million U.S. small businesses that employ half the private-sector workforce and create 2/3 of all new jobs, to better compete globally. President Trump continues to follow through on his commitment to modernize and implement free and fair-trade agreements that greatly benefit our nation. This is another example of the President’s insight into our economy and his unwavering support of U.S. small businesses.”

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.