WASHINGTON - The new head of the Small Business Administration says congressional proposals to reform his agency's general business loan program are better than one made earlier this year by President Clinton.

Like the President, Rep. John J. LaFalce, D-N.Y., and Sen. Dale Bumpers, D-Ark., have proposed cutting government guarantees on some SBA loans and setting up new fees. But their proposals are far less drastic than Mr. Clinton's.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.