February 13, 2017

Linda McMahon to be Administrator of the Small Business Administration


  • On December 7, President-elect Donald Trump announced his intention to nominate Linda McMahon to serve as the administrator of the Small Business Administration. The Senate Small Business and Entrepreneurship Committee approved this nomination on January 31.
  • Linda McMahon has decades of business experience, growing her company, World Wrestling Entertainment, into a worldwide 800-employee business.
  • Mrs. McMahon has pledged to work to lessen the burden that regulations can place on small businesses. She wants to make the SBA work “effectively and efficiently.”

Biography

Linda McMahon is the co-founder of World Wrestling Entertainment and was the CEO from 1997 to 2009. She is currently the CEO of the startup company Women’s Leadership LIVE, which provides events, assistance, and mentoring for female entrepreneurs. Mrs. McMahon is a member of public relations firm APCO Worldwide’s international advisory council. She is a board member of Sacred Heart University, the Close Up Foundation, and American Corporate Partners.

Senate Action

The Senate Small Business and Entrepreneurship Committee held a hearing on January 24, and reported her nomination out of committee on January 31 by an 18-1 vote.

Considerations

At her confirmation hearing, Mrs. McMahon recounted her experiences as an entrepreneur, starting out sharing a desk with her husband, Vince, and growing the business to 800 employees. She reviewed her assistance and encouragement to female entrepreneurs through her startup, Women’s Leadership LIVE. Mrs. McMahon discussed her service on the board of American Corporate Partners, “a mentoring company for returning veterans to help them make the transition between the military and the private sector.”

Mrs. McMahon said that she understands the burden that over-regulation can place on small businesses. Several senators expressed concern that the SBA’s Office of Advocacy had been ignored in the Obama administration. The Office of Advocacy is an independent advocate for small businesses within the federal government and examines regulations for their impact on small businesses. Mrs. McMahon said that currently the Office of Advocacy doesn’t have teeth to make other federal agencies consider the impact of their rules on small businesses and expressed her support for finding “the most effective way to put teeth” in the office.

Issue Tag: Economy