WASHINGTON — A member of the government's watchdog agency on Wednesday said the Small Business Administration should rethink elements of its program to delegate decision-making power to lenders.

At a hearing by the House Small Business Committee, William Shear, the director of the Government Accountability Office's financial markets and community investment division, said the agency should review whether its preferred lenders, those who have the authority to approve individual loans directly, were fulfilling the SBA's mission. "We're looking for SBA trying to get a better handle of how lenders are using this authority," he said in an interview after the hearing.

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