Bush Names Sandy Baruah Acting SBA Administrator

President Bush named Sandy Baruah acting administrator of the Small Business Administration Friday afternoon.

Baruah, who is awaiting Senate confirmation to hold the position of administrator, will begin as acting administrator on Monday. President Bush nominated him June 26. He previously worked at a branch of the Commerce Department.

In a statement, Baruah praised the work of now Deputy Administrator Jovita Carranza, who had filled in as acting administrator after the SBA's former head, Steven Preston, took over the Housing and Urban Development Department.

"I intend to help SBA carry on its mission as it navigates the height of hurricane season and deals with the current economic challenges and tightening credit opportunities for small business," said Baruah. "I'm also committed to continuing former SBA Administrator Steve Preston's reform agenda and seeing its improvements through."

Sen. Olympia Snowe of Maine, the top Republican on the Senate Small Business and Entrepreneurship Committee, said she looked forward to working with Baruah, but hoped that he would "make progress on improving the SBA's inadequate oversight over lenders and rectify the administration's recent failure to implement a meaningful women's contracting rule."

By Sharon McLoone |  August 15, 2008; 8:16 PM ET Policymakers
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