113-618: The United States Small Business Administration ( SBA ) is an independent agency of the United States government that provides support to entrepreneurs and small businesses . The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters." The agency's activities have been summarized as
226-655: A Bachelor of Arts degree in political science and later worked as a community organizer in Chicago . In 1988, Obama enrolled in Harvard Law School , where he was the first black president of the Harvard Law Review . He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent
339-616: A Cabinet secretary) and the Executive Office of the President . In a narrower sense, the term refers only to those independent agencies that, while considered part of the executive branch , have regulatory or rulemaking authority and are insulated from presidential control, usually because the president's power to dismiss the agency head or a member is limited. Established through separate statutes passed by Congress , each respective statutory grant of authority defines
452-547: A Juris Doctor magna cum laude . University of Chicago Law School In 1991, Obama accepted a two-year position as Visiting Law and Government Fellow at the University of Chicago Law School to work on his first book. He then taught constitutional law at the University of Chicago Law School for twelve years, first as a lecturer from 1992 to 1996, and then as a senior lecturer from 1996 to 2004. From April to October 1992, Obama directed Illinois's Project Vote ,
565-561: A junior , where he majored in political science with a specialty in international relations and in English literature and lived off-campus on West 109th Street. He graduated with a Bachelor of Arts degree in 1983 and a 3.7 GPA . After graduating, Obama worked for about a year at the Business International Corporation , where he was a financial researcher and writer, then as a project coordinator for
678-514: A summer associate at the law firms of Sidley Austin in 1989 and Hopkins & Sutter in 1990. Obama's election as the first black president of the Harvard Law Review gained national media attention and led to a publishing contract and advance for a book about race relations, which evolved into a personal memoir. The manuscript was published in mid-1995 as Dreams from My Father . Obama graduated from Harvard Law in 1991 with
791-542: A voter registration campaign with ten staffers and seven hundred volunteer registrars; it achieved its goal of registering 150,000 of 400,000 unregistered African Americans in the state, leading Crain's Chicago Business to name Obama to its 1993 list of "40 under Forty" powers to be. In a 2006 interview, Obama highlighted the diversity of his extended family : "It's like a little mini-United Nations," he said. "I've got relatives who look like Bernie Mac , and I've got relatives who look like Margaret Thatcher ." Obama has
904-487: A "confirmed atheist " by the time his parents met, and his stepfather as "a man who saw religion as not particularly useful." Obama explained how, through working with black churches as a community organizer while in his twenties, he came to understand "the power of the African-American religious tradition to spur social change." In January 2008, Obama told Christianity Today : "I am a Christian, and I am
1017-561: A 13-attorney law firm specializing in civil rights litigation and neighborhood economic development, where he was an associate for three years from 1993 to 1996, then of counsel from 1996 to 2004. In 1994, he was listed as one of the lawyers in Buycks-Roberson v. Citibank Fed. Sav. Bank , 94 C 4094 (N.D. Ill.). This class action lawsuit was filed in 1994 with Selma Buycks-Roberson as lead plaintiff and alleged that Citibank Federal Savings Bank had engaged in practices forbidden under
1130-746: A Senate amendment to the State Children's Health Insurance Program , providing one year of job protection for family members caring for soldiers with combat-related injuries. Obama held assignments on the Senate Committees for Foreign Relations , Environment and Public Works , and Veterans' Affairs through December 2006. In January 2007, he left the Environment and Public Works committee and took additional assignments with Health, Education, Labor and Pensions and Homeland Security and Governmental Affairs . He also became Chairman of
1243-506: A basis for the values that I hold most dear." Obama has also written and talked about using alcohol , marijuana , and cocaine during his teenage years to "push questions of who I was out of my mind". Obama was also a member of the "Choom Gang" (the slang term for smoking marijuana), a self-named group of friends who spent time together and smoked marijuana. College and research jobs After graduating from high school in 1979, Obama moved to Los Angeles to attend Occidental College on
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#17327657468051356-545: A combination of state and SBA support in the form of matching grants. Typically, SBDCs are co-located at community colleges, state universities, and/or other entrepreneurial hubs. Cole Browne leads the SBA in purchasing of new Development Center sites. The Office of Women-Owned Businesses (OWBO) was established in 1979 by Executive Order 12138. The mission of the program is "to enable and empower women entrepreneurs through advocacy, outreach, education and support." Programs managed by
1469-448: A commission, board, or similar collegial body consisting of five to seven members who share power over the agency. (This is why many independent agencies include the word "Commission" or "Board" in their name.) The president appoints the commissioners or board members , subject to Senate confirmation, but they often serve terms that are staggered and longer than a four-year presidential term, meaning that most presidents will not have
1582-699: A community organizer from June 1985 to May 1988. He helped set up a job training program, a college preparatory tutoring program, and a tenants' rights organization in Altgeld Gardens . Obama also worked as a consultant and instructor for the Gamaliel Foundation , a community organizing institute. In mid-1988, he traveled for the first time in Europe for three weeks and then for five weeks in Kenya, where he met many of his paternal relatives for
1695-411: A damaged property to pre-disaster condition. Businesses are also eligible for long-term, low-interest loans to recover from declared disasters. Disaster Relief Loans are often approved within 21 days. This is an improved approval time than after Hurricane Katrina , over 15 years ago, when the SBA processed applications in about 74 days on average. If a business with a Disaster Relief Loan defaults on
1808-522: A decade in the minority, regained a majority. He sponsored and led unanimous, bipartisan passage of legislation to monitor racial profiling by requiring police to record the race of drivers they detained, and legislation making Illinois the first state to mandate videotaping of homicide interrogations. During his 2004 general election campaign for the U.S. Senate, police representatives credited Obama for his active engagement with police organizations in enacting death penalty reforms. Obama resigned from
1921-666: A decision that drew both criticism and praise. His first-term actions addressed the 2007–2008 financial crisis and included the American Recovery and Reinvestment Act of 2009 , a major stimulus package to guide the economy in recovering from the Great Recession ; a partial extension of the Bush tax cuts ; legislation to reform health care ; the Dodd–Frank Wall Street Reform and Consumer Protection Act ,
2034-459: A devout Christian. I believe in the redemptive death and resurrection of Jesus Christ . I believe that faith gives me a path to be cleansed of sin and have eternal life." On September 27, 2010, Obama released a statement commenting on his religious views, saying: I'm a Christian by choice. My family didn't—frankly, they weren't folks who went to church every week. And my mother was one of the most spiritual people I knew, but she didn't raise me in
2147-579: A female. Bo died of cancer on May 8, 2021. Obama is a supporter of the Chicago White Sox , and he threw out the first pitch at the 2005 ALCS when he was still a senator. In 2009, he threw out the ceremonial first pitch at the All-Star Game while wearing a White Sox jacket. He is also primarily a Chicago Bears football fan in the NFL , but in his childhood and adolescence was a fan of
2260-562: A field speculated to include former Indiana Governor and Senator Evan Bayh and Virginia Governor Tim Kaine . At the Democratic National Convention in Denver , Colorado, Hillary Clinton called for her supporters to endorse Obama, and she and Bill Clinton gave convention speeches in his support. Obama delivered his acceptance speech at Invesco Field at Mile High stadium to a crowd of about eighty-four thousand;
2373-558: A full scholarship. In February 1981, Obama made his first public speech, calling for Occidental to participate in the disinvestment from South Africa in response to that nation's policy of apartheid . In mid-1981, Obama traveled to Indonesia to visit his mother and half-sister Maya and visited the families of college friends in Pakistan for three weeks. Later in 1981, he transferred to Columbia University in New York City as
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#17327657468052486-635: A half years, supplemented by English-language Calvert School homeschooling by his mother. As a result of his four years in Jakarta , he was able to speak Indonesian fluently as a child. During his time in Indonesia, Obama's stepfather taught him to be resilient and gave him "a pretty hardheaded assessment of how the world works". In 1971, Obama returned to Honolulu to live with his maternal grandparents, Madelyn and Stanley Dunham . He attended Punahou School —a private college preparatory school —with
2599-714: A half-sister with whom he was raised (Maya Soetoro-Ng) and seven other half-siblings from his Kenyan father's family, six of them living. Obama's mother was survived by her Kansas-born mother, Madelyn Dunham, until her death on November 2, 2008, two days before his election to the presidency. Obama also has roots in Ireland; he met with his Irish cousins in Moneygall in May 2011. In Dreams from My Father , Obama ties his mother's family history to possible Native American ancestors and distant relatives of Jefferson Davis , President of
2712-513: A household income of $ 5.5 million—up from about $ 4.2 million in 2007 and $ 1.6 million in 2005—mostly from sales of his books. On his 2010 income of $ 1.7 million, he gave 14 percent to non-profit organizations, including $ 131,000 to Fisher House Foundation , a charity assisting wounded veterans' families, allowing them to reside near where the veteran is receiving medical treatments. Per his 2012 financial disclosure, Obama may be worth as much as $ 10 million. Obama
2825-405: A law that increased tax credits for low-income workers, negotiated welfare reform , and promoted increased subsidies for childcare. In 2001, as co-chairman of the bipartisan Joint Committee on Administrative Rules, Obama supported Republican Governor George Ryan 's payday loan regulations and predatory mortgage lending regulations aimed at averting home foreclosures . He was reelected to
2938-781: A major financial regulation reform bill; and the end of the Iraq War . Obama also appointed Supreme Court justices Sonia Sotomayor and Elena Kagan , the former being the first Hispanic American on the Supreme Court. He ordered Operation Neptune Spear , the raid that killed Osama bin Laden , who was responsible for the September 11 attacks . Obama downplayed Bush's counterinsurgency model, expanding air strikes and making extensive use of special forces, while encouraging greater reliance on host-government militaries. He also ordered
3051-415: A message to the contracting community that there is no punishment or consequences for committing fraud." Between 2009 and 2011, 7a Program guaranteed loans to Black-owned businesses declined by 47%. Black loans are 3% of 7a loans for fiscal years 2014-2019. The SBA report to Congress has minority loans at 23%. On April 17, 2020, the SBA approved $ 20 million in forgivable loans to Ruth's Hospitality Group ,
3164-526: A narrower sense, the term independent agency refers only to these independent regulatory agencies that, while considered part of the executive branch, have rulemaking authority and are insulated from presidential control, usually because the president's power to dismiss the agency head or a member is limited. Independent agencies can be distinguished from the federal executive departments and other executive agencies by their structural and functional characteristics. Their officers can be protected from removal by
3277-531: A national network of over 100 non-profit educational centers throughout the United States and its territories, funded in part through SBA support. The maximum SBA grant for a WBC is $ 150,000 per year, although most centers receive less. WBCs are designed to assist women in starting and growing small businesses, though their services are available to all. WBCs help women succeed in business by providing training, mentoring, business development, and financing opportunities to over 100,000 women entrepreneurs annually across
3390-691: A number of threats to its existence. In 1996, the Republican -controlled House of Representatives planned to eliminate the agency. It survived and went on to receive a record high budget in 2000. Renewed efforts by the Bush Administration to end the SBA loan program met congressional resistance, although the SBA's budget was repeatedly cut, and in 2004 certain expenditures were frozen. The Obama administration supported SBA budgets and strengthened it through The American Recovery and Reinvestment Act of 2009. SBA budgets were further strengthened by
3503-639: A publicly traded company, as part of the Paycheck Protection Program . While accommodation and franchise businesses were allowed by legislation to participate in the Paycheck Protection Program per its qualification requirements, the loan made to Ruth's Hospitality Group represents a departure from the SBA's mission to serve small businesses. On May 21, 2020, it was reported that Planned Parenthood improperly received Paycheck Protection Program fundings. In response,
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3616-430: A relatively tiny number of small businesses at the expense of the vast majority of small business that do not receive government assistance. SBA subsidies also represent a form of corporate welfare for the banking industry." Cato notes that the failure rate of all SBA loans from 2001 to 2010 is 19.4%, contributing to a cost to taxpayers of $ 6.2 billion in 2011. In 2005, SBA Inspector General Report 5-15 stated, "One of
3729-631: A statement of personal experiences in combination with evidence to sufficiently demonstrate social disadvantage. The following groups are presumed socially disadvantaged through SBA policy and do not have to submit a social disadvantage narrative when applying for the program: Black Americans; Hispanic Americans; Native Americans (American Indians, Eskimos, Aleuts, or Native Hawaiians ); Asian Pacific Americans (persons with origins from Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Japan, China (including Hong Kong), Taiwan, Laos, Cambodia (Kampuchea), Vietnam, Korea, The Philippines, U.S. Trust Territory of
3842-707: A third time and worked for the Kenyan government as the Senior Economic Analyst in the Ministry of Finance. He visited his son in Hawaii only once, at Christmas 1971, before he was killed in an automobile accident in 1982, when Obama was 21 years old. Recalling his early childhood, Obama said: "That my father looked nothing like the people around me—that he was black as pitch, my mother white as milk—barely registered in my mind." He described his struggles as
3955-624: A volunteer mentor corps of retired and experienced business leaders with approximately 350 chapters. These counseling services provide services to over 1 million entrepreneurs and small business owners annually. President Obama announced in January 2012 that he would elevate the SBA into the Cabinet , a position it last held during the Clinton administration , thus making the Administrator of
4068-449: A young adult to reconcile social perceptions of his multiracial heritage. In 1963, Dunham met Lolo Soetoro at the University of Hawaii ; he was an Indonesian East–West Center graduate student in geography . The couple married on Molokai on March 15, 1965. After two one-year extensions of his J-1 visa , Lolo returned to Indonesia in 1966. His wife and stepson followed sixteen months later in 1967. The family initially lived in
4181-477: Is a Protestant Christian whose religious views developed in his adult life. He wrote in The Audacity of Hope that he "was not raised in a religious household." He described his mother, raised by non-religious parents, as being detached from religion, yet "in many ways the most spiritually awakened person ... I have ever known", and "a lonely witness for secular humanism ." He described his father as
4294-564: Is an American lawyer and politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party , he was the first African-American president in U.S. history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Obama was born in Honolulu , Hawaii. He graduated from Columbia University in 1983 with
4407-461: Is an independent office within the SBA established in 1983 to provide an independent, quasi-judicial appeal against certain SBA program decisions. OHA is able to hear appeals regarding: The OHA publishes unredacted final decisions within a few days of each decision being issued. The Cato Institute has challenged the justification of the federal government in intervening in credit markets. Among other criticisms, Cato argues that "the SBA benefits
4520-684: Is designed to help entrepreneurs start or expand their small businesses. It is the most common loan program offered by the SBA. The program makes capital available to small businesses through bank and non-bank lending institutions. The Small Business Jobs Act of 2010 increased the maximum size of these loans, indefinitely, from $ 2 million to $ 5 million. According to the SBA website , it can be used for working capital (both short and long term), refinancing debt, and purchasing furniture, fixtures, and supplies. There are some businesses that are ineligible for this program, such as real estate investment firms (where property
4633-488: Is held for investment purposes), dealers of rare coins and stamps, and lending institutions like banks. The SBA's guarantee on these loans encourages lenders to provide financing to small businesses that may not meet traditional loan criteria, making it a valuable lifeline for many entrepreneurs. SBA loans may have lower down payment and collateral requirements than with other forms of loan. Homeowners and renters are eligible for long-term, low-interest loans to rebuild or repair
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4746-732: Is left-handed. In 2005, the Obama family applied the proceeds of a book deal and moved from a Hyde Park, Chicago condominium to a $ 1.6 million house (equivalent to $ 2.5 million in 2023) in neighboring Kenwood, Chicago . The purchase of an adjacent lot—and sale of part of it to Obama by the wife of developer, campaign donor and friend Tony Rezko —attracted media attention because of Rezko's subsequent indictment and conviction on political corruption charges that were unrelated to Obama. In December 2007, Money Magazine estimated Obama's net worth at $ 1.3 million (equivalent to $ 1.9 million in 2023). Their 2009 tax return showed
4859-568: Is one of the three United States senators moved directly from the U.S. Senate to the White House, the others being Warren G. Harding and John F. Kennedy . On April 4, 2011, Obama filed election papers with the Federal Election Commission and then announced his reelection campaign for 2012 in a video titled "It Begins with Us" that he posted on his website. As the incumbent president, he ran virtually unopposed in
4972-551: Is unconstitutional because its use of racial discrimination doesn't pass the strict scrutiny standard. The 8(a) Program opens the doors for disadvantaged firms to grow and develop for a period of 9-years. It has increased jobs for thousands of people across the Nation, and many of the successful firms had impacted their communities with internships, college funding, and more. Annually, of the government's $ 99B in small business contracts, 8(a) firms are awarded 5% of contracts. In 2011,
5085-651: The Small Business Administration . [REDACTED] This article incorporates public domain material from websites or documents of the National Archives and Records Administration . Independent agencies of the United States government [REDACTED] [REDACTED] In the United States government , independent agencies are agencies that exist outside the federal executive departments (those headed by
5198-577: The 2011 military intervention in Libya to implement United Nations Security Council Resolution 1973 , contributing to the overthrow of Muammar Gaddafi . Obama defeated Republican opponent Mitt Romney in the 2012 presidential election . In his second term, Obama took steps to combat climate change , signing the Paris Agreement , a major international climate agreement, and an executive order to limit carbon emissions . Obama also presided over
5311-634: The Democratic Party presidential primaries , and on April 3, 2012, Obama secured the 2778 convention delegates needed to win the Democratic nomination. At the Democratic National Convention in Charlotte, North Carolina , Obama and Joe Biden were formally nominated by former President Bill Clinton as the Democratic Party candidates for president and vice president in the general election. Their main opponents were Republicans Mitt Romney ,
5424-658: The Democratic Republic of the Congo Relief, Security, and Democracy Promotion Act, marking the first federal legislation to be enacted with Obama as its primary sponsor. In January 2007, Obama and Senator Feingold introduced a corporate jet provision to the Honest Leadership and Open Government Act , which was signed into law in September 2007. Later in 2007, Obama sponsored an amendment to
5537-867: The Equal Credit Opportunity Act and the Fair Housing Act . The case was settled out of court. From 1994 to 2002, Obama served on the boards of directors of the Woods Fund of Chicago —which in 1985 had been the first foundation to fund the Developing Communities Project—and of the Joyce Foundation . He served on the board of directors of the Chicago Annenberg Challenge from 1995 to 2002, as founding president and chairman of
5650-717: The Federal Funding Accountability and Transparency Act of 2006 , which authorized the establishment of USAspending.gov, a web search engine on federal spending. On June 3, 2008, Senator Obama—along with Senators Tom Carper , Tom Coburn , and John McCain —introduced follow-up legislation: Strengthening Transparency and Accountability in Federal Spending Act of 2008. He also cosponsored the Secure America and Orderly Immigration Act . In December 2006, President Bush signed into law
5763-787: The New York Public Interest Research Group on the City College of New York campus for three months in 1985. Community organizer and Harvard Law School Two years after graduating from Columbia, Obama moved from New York to Chicago when he was hired as director of the Developing Communities Project , a faith-based community organization originally comprising eight Catholic parishes in Roseland , West Pullman , and Riverdale on Chicago's South Side . He worked there as
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#17327657468055876-475: The SBA Franchise Directory , aiming to connect entrepreneurs to lines of credit and capital in order to grow their businesses. SBA has at least one office in each U.S. state. In addition, the agency provides grants to support counseling partners, including approximately 900 Small Business Development Centers (often located at colleges and universities), 110 Women's Business Centers, and SCORE,
5989-908: The Securities and Exchange Commission , the Federal Reserve , the Commodity Futures Trading Commission , the Federal Deposit Insurance Corporation , and the Consumer Financial Protection Bureau . Generally, the heads of independent regulatory agencies can only be removed for cause, but Cabinet members and heads of independent executive agencies, such as the head of the Environmental Protection Agency , serve "at
6102-519: The South Side of Chicago in 2021. Historians and political scientists rank Obama among the upper tier in historical rankings of American presidents . Barack Obama was born on August 4, 1961, at Kapiolani Medical Center for Women and Children in Honolulu , Hawaii. He is the only president born outside the contiguous 48 states . He was born to an 18-year-old American mother and a 27-year-old Kenyan father. His mother, Ann Dunham (1942–1995),
6215-628: The "3 Cs" of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act , SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead
6328-485: The 13th district in the Illinois Senate , a position he held until 2004, when he successfully ran for the U.S. Senate . In the 2008 presidential election , after a close primary campaign against Hillary Clinton , he was nominated by the Democratic Party for president. Obama selected Joe Biden as his running mate and defeated Republican nominee John McCain . Obama was awarded the 2009 Nobel Peace Prize ,
6441-709: The Confederate States of America during the American Civil War . He also shares distant ancestors in common with George W. Bush and Dick Cheney , among others. Obama lived with anthropologist Sheila Miyoshi Jager while he was a community organizer in Chicago in the 1980s. He proposed to her twice, but both Jager and her parents turned him down. The relationship was not made public until May 2017, several months after his presidency had ended. In June 1989, Obama met Michelle Robinson when he
6554-500: The Defense Authorization Act to add safeguards for personality-disorder military discharges. This amendment passed the full Senate in the spring of 2008. He sponsored the Iran Sanctions Enabling Act supporting divestment of state pension funds from Iran's oil and gas industry, which was never enacted but later incorporated in the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ; and co-sponsored legislation to reduce risks of nuclear terrorism. Obama also sponsored
6667-449: The Illinois Senate in 1998, defeating Republican Yesse Yehudah in the general election, and was re-elected again in 2002. In 2000, he lost a Democratic primary race for Illinois's 1st congressional district in the United States House of Representatives to four-term incumbent Bobby Rush by a margin of two to one. In January 2003, Obama became chairman of the Illinois Senate's Health and Human Services Committee when Democrats, after
6780-471: The Illinois Senate in November 2004 following his election to the U.S. Senate. In May 2002, Obama commissioned a poll to assess his prospects in a 2004 U.S. Senate race. He created a campaign committee, began raising funds, and lined up political media consultant David Axelrod by August 2002. Obama formally announced his candidacy in January 2003. Obama was an early opponent of the George W. Bush administration's 2003 invasion of Iraq . On October 2, 2002,
6893-574: The Menteng Dalam neighborhood in the Tebet district of South Jakarta . From 1970, they lived in a wealthier neighborhood in the Menteng district of Central Jakarta . At the age of six, Obama and his mother had moved to Indonesia to join his stepfather. From age six to ten, he was registered in school as "Barry" and attended local Indonesian-language schools: Sekolah Dasar Katolik Santo Fransiskus Asisi (St. Francis of Assisi Catholic Elementary School) for two years and Sekolah Dasar Negeri Menteng 01 (State Elementary School Menteng 01) for one and
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#17327657468057006-412: The OWBO provide services to disadvantaged woman entrepreneurs to assist in increasing their competitiveness in the modern business world. These programs assist women through training and counseling, providing opportunities to obtain credit, capital and marketing assistance, and establishing a Federal set-aside for women-owned businesses. The Women's Business Center Program was established under Title II of
7119-414: The Obama family has attended several Protestant churches, including Shiloh Baptist Church and St. John's Episcopal Church , as well as Evergreen Chapel at Camp David , but the members of the family do not attend church on a regular basis. In 2016, Obama said that he gets inspiration from a few items that remind him "of all the different people I've met along the way", adding: "I carry these around all
7232-431: The Pacific Islands (Republic of Palau), Republic of the Marshall Islands, Federated States of Micronesia, the Commonwealth of the Northern Mariana Islands, Guam, Samoa, Macao, Fiji, Tonga, Kiribati, Tuvalu, or Nauru); Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan, the Maldives Islands or Nepal). However, on July 19, 2023, a US district court ruled that this presumption
7345-433: The Pittsburgh Steelers and rooted for them ahead of their victory in Super Bowl XLIII 12 days after he took office as president. In 2011, Obama invited the 1985 Chicago Bears to the White House; the team had not visited the White House after their Super Bowl win in 1986 due to the Space Shuttle Challenger disaster . He plays basketball , a sport he participated in as a member of his high school's varsity team, and he
7458-399: The SBA sent a demand letter to Planned Parenthood requesting that they return the improperly received funding. In December 2020, according to data released after a federal lawsuit filed by several news organizations under the Freedom of Information Act challenging the SBA's refusal to release records on borrowers and loan amounts relating to the government's Paycheck Protection Program , it
7571-411: The SBA's program Boots to Business. The SBA also supports regional innovation clusters across the country. The 8(a) Business Development Program assists in the development of small businesses owned and operated by individuals who are socially and economically disadvantaged, such as women and minorities. Applicants must provide evidence of economic disadvantage (net worth under $ 250,000K), and must write
7684-411: The SBA, along with the FBI and the IRS , uncovered a massive scheme to defraud this program. Civilian employees of the U.S. Army Corps of Engineers , working in concert with an employee of Alaska Native Corporation Eyak Technology LLC allegedly submitted fraudulent bills to the program, totaling over 20 million dollars, and kept the money for their own use. The Office of Hearings and Appeals (OHA)
7797-498: The Senate's subcommittee on European Affairs . As a member of the Senate Foreign Relations Committee, Obama made official trips to Eastern Europe, the Middle East, Central Asia, and Africa. He met with Mahmoud Abbas before Abbas became President of the Palestinian National Authority and gave a speech at the University of Nairobi in which he condemned corruption within the Kenyan government. Obama resigned his Senate seat on November 16, 2008, to focus on his transition period for
7910-503: The Small Business Administration a cabinet-level position. The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act , currently codified at 15 U.S.C. ch. 14A . The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232 ) of Pub. L. 83–163 (ch. 282, 67 Stat. 230 , July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act"
8023-471: The Small Business Jobs Act of 2010, and in 2011, President Obama announced that the SBA would double its support of rural small businesses to $ 350 million in the next 5 years. The SBA has an Administrator and a Deputy Administrator. It has an associate administrator or director for the following offices: Senate-confirmed appointees include: Administrator, Deputy Administrator, Chief Counsel for Advocacy, and Inspector General. The 7(a) Loan Guarantee Program
8136-1163: The U.S. economy. SCORE's core service offering is its mentoring program, through which volunteer mentors (all experienced in entrepreneurship and related areas of expertise) provide free counsel to small business clients. Mentors, operating out of 300 chapters nationwide, work with their clients to address issues related to starting and growing a business, including writing business plans, developing products, conceiving marketing strategies, hiring staff, and more. Clients access their mentors via free, ongoing face-to-face mentoring sessions or through email or video mentoring services. In addition to mentoring, SCORE also offers free and low-cost educational workshops each year, both online and in-person. In 2016, clients attended 119,957 online workshop sessions, while 237,712 local workshop attendees benefited from SCORE's in-person educational programming. SBA's Office of Veteran Business Development operates twenty-two Veteran Business Outreach Centers through grants and cooperative agreements with organizations which provide technical assistance to businesses owned by veterans and family members. VBOCs also provide instructors for
8249-842: The Women's Business Center Program is outlined under Title 15 of the US Code, 2019 Edition, Chapter 14A. New rules were applied to the code by the US Small Business Administration, effective January 1, 2020, as outlined in the Federal Register document, Volume 84, No. 227, Monday, November 25, 2019, Rules and Regulations. This rule document was put in place in order to make the Women's Business Center Program more transparent in reporting on progress and financial allotments, as well as providing improved standardization overall. Women's Business Centers (WBCs) represent
8362-573: The Women's Business Ownership Act of 1988. It was first named the Demonstration Training Program when it was created by Congress to provide a long-term solution for training and counseling potential and current women business owners, including those who are Socially and Economically Disadvantaged as defined in 13 CFR 124.103. The intent of the program was, and still is, to stimulate the economy through assisting and encouraging growth of women-owned businesses. The current rule on
8475-564: The aid of a scholarship from fifth grade until he graduated from high school in 1979. In high school, Obama continued to use the nickname "Barry" which he kept until making a visit to Kenya in 1980. Obama lived with his mother and half-sister, Maya Soetoro , in Hawaii for three years from 1972 to 1975 while his mother was a graduate student in anthropology at the University of Hawaii. Obama chose to stay in Hawaii when his mother and half-sister returned to Indonesia in 1975, so his mother could begin anthropology field work. His mother spent most of
8588-548: The board of directors from 1995 to 1999. Obama's law license became inactive in 2007. Obama was elected to the Illinois Senate in 1996, succeeding Democratic State Senator Alice Palmer from Illinois's 13th District , which, at that time, spanned Chicago South Side neighborhoods from Hyde Park–Kenwood south to South Shore and west to Chicago Lawn . Once elected, Obama gained bipartisan support for legislation that reformed ethics and health care laws. He sponsored
8701-619: The church. So I came to my Christian faith later in life, and it was because the precepts of Jesus Christ spoke to me in terms of the kind of life that I would want to lead—being my brothers' and sisters' keeper, treating others as they would treat me . Obama met Trinity United Church of Christ pastor Jeremiah Wright in October 1987 and became a member of Trinity in 1992. During Obama's first presidential campaign in May 2008, he resigned from Trinity after some of Wright's statements were criticized . Since moving to Washington, D.C., in 2009,
8814-613: The commissioners – the Appointments Clause of the Constitution vests that power in the president. The Senate does participate, however, in appointments through " advice and consent ", which occurs through confirmation hearings and votes on the president's nominees. These agencies are not represented in the cabinet and are not part of the Executive Office of the president: Although not officially part of
8927-489: The day President Bush and Congress agreed on the joint resolution authorizing the Iraq War , Obama addressed the first high-profile Chicago anti-Iraq War rally , and spoke out against the war. He addressed another anti-war rally in March 2003 and told the crowd "it's not too late" to stop the war. Decisions by Republican incumbent Peter Fitzgerald and his Democratic predecessor Carol Moseley Braun not to participate in
9040-398: The election resulted in wide-open Democratic and Republican primary contests involving 15 candidates. In the March 2004 primary election, Obama won in an unexpected landslide—which overnight made him a rising star within the national Democratic Party , started speculation about a presidential future, and led to the reissue of his memoir, Dreams from My Father . In July 2004, Obama delivered
9153-525: The executive branch, these agencies are required by federal statute to release certain information about their programs and activities into the Federal Register , the daily journal of government activities: [REDACTED] This article incorporates public domain material from Independent Agencies . USA.gov . Barack Obama Barack Hussein Obama II (born August 4, 1961)
9266-403: The federal government's efforts to deliver 23 percent of prime federal contracts to small businesses. Small business contracting programs include efforts to ensure that certain federal contracts reach woman-owned and service-disabled veteran-owned small businesses as well as businesses participating in programs such as the 8(a) Business Development Program and HUBZone. In March 2018 the SBA launched
9379-642: The first sitting U.S. president to publicly support same-sex marriage . Obama left office in 2017 with high approval ratings both within the United States and among foreign advisories. He continues to reside in Washington D.C. and remains politically active, campaigning for candidates in various American elections, including Biden's successful presidential bid in 2020 . Outside of politics, Obama has published three books : Dreams from My Father (1995) , The Audacity of Hope (2006), and A Promised Land (2020). His presidential library began construction in
9492-500: The first time. Despite being offered a full scholarship to Northwestern University School of Law , Obama enrolled at Harvard Law School in the fall of 1988, living in nearby Somerville, Massachusetts . He was selected as an editor of the Harvard Law Review at the end of his first year, president of the journal in his second year, and research assistant to the constitutional scholar Laurence Tribe while at Harvard. During his summers, he returned to Chicago, where he worked as
9605-583: The former governor of Massachusetts, and Representative Paul Ryan of Wisconsin. On November 6, 2012, Obama won 332 electoral votes, exceeding the 270 required for him to be reelected as president. With 51.1 percent of the popular vote, Obama became the first Democratic president since Franklin D. Roosevelt to win the majority of the popular vote twice. Obama addressed supporters and volunteers at Chicago's McCormick Place after his reelection and said: "Tonight you voted for action, not politics as usual. You elected us to focus on your jobs, not ours. And in
9718-651: The goals the agency must work towards, as well as what substantive areas, if any, over which it may have the power of rulemaking. These agency rules (or regulations), when in force, have the power of federal law. Independent agencies exist outside the federal executive departments (those headed by a Cabinet secretary) and the Executive Office of the President. There is a further distinction between independent executive agencies and independent regulatory agencies, which have been assigned rulemaking responsibilities or authorities by Congress. The Paperwork Reduction Act lists 19 enumerated "independent regulatory agencies", such as
9831-415: The governing statute, but the functional differences have more legal significance. In reality, the high turnover rate among these commissioners or board members means that most presidents have the opportunity to fill enough vacancies to constitute a voting majority on each independent agency commission within the first two years of the first term as president. In some famous instances, presidents have found
9944-777: The health care system . Numerous candidates entered the Democratic Party presidential primaries . The field narrowed to Obama and Senator Hillary Clinton after early contests, with the race remaining close throughout the primary process, but Obama gained a steady lead in pledged delegates due to better long-range planning, superior fundraising, dominant organizing in caucus states, and better exploitation of delegate allocation rules. On June 2, 2008, Obama had received enough votes to clinch his nomination. After an initial hesitation to concede, on June 7, Clinton ended her campaign and endorsed Obama. On August 23, 2008, Obama announced his selection of Delaware Senator Joe Biden as his vice presidential running mate. Obama selected Biden from
10057-658: The implementation of the Affordable Care Act and other legislation passed in his first term. He negotiated the Joint Comprehensive Plan of Action , a nuclear agreement with Iran, and normalized relations with Cuba . The number of American soldiers in Afghanistan decreased during Obama's second term, though U.S. soldiers remained in the country throughout the remainder of his presidency. Obama promoted inclusion for LGBT Americans , becoming
10170-712: The independent agencies more loyal and in lockstep with the president's wishes and policy objectives than some dissenters among the executive agency political appointments . Although Congress can pass statutes limiting the circumstances under which the president can remove commissioners of independent agencies, if the independent agency exercises any executive powers like enforcement, and most of them do, Congress cannot reserve removal power over executive officers to itself. Constitutionally, Congress can only remove officers through impeachment proceedings. Members of Congress cannot serve as commissioners on independent agencies that have executive powers, nor can Congress itself appoint
10283-628: The keynote address at the 2004 Democratic National Convention , seen by nine million viewers. His speech was well received and elevated his status within the Democratic Party. Obama's expected opponent in the general election, Republican primary winner Jack Ryan , withdrew from the race in June 2004. Six weeks later, Alan Keyes accepted the Republican nomination to replace Ryan. In the November 2004 general election , Obama won with 70 percent of
10396-661: The loan and the business is then closed, the SBA will pursue the business owner to liquidate all personal assets to satisfy an outstanding balance. The IRS will withhold any tax refund expected by the former business owner and apply the amount toward the loan balance. The Microloan program provides direct loans to qualified nonprofit intermediary lenders who, in turn, provide "microloans" of up to $ 50,000 to small businesses and nonprofit child-care centers. It also provides marketing, management, and technical assistance to microloan borrowers and potential borrowers. Approximately 900 Small Business Development Center sites are funded through
10509-498: The most important challenges facing the Small Business Administration and the entire Federal government today is that large businesses are receiving small business procurement awards and agencies are receiving credit for these awards." In October 2009, the Government Accountability Office released Report 10-108 which stated, "By failing to hold firms accountable, SBA and contracting agencies have sent
10622-451: The nation's largest network of volunteer, expert business mentors, was founded in 1964 as a resource partner of the U.S. Small Business Administration. SCORE has since educated more than 10 million current and aspiring U.S. small business owners through its free mentoring and free and low-cost workshops. In 2016, SCORE's more than 10,000 volunteer mentors helped their 125,000 clients create 54,072 small businesses, adding 78,691 non-owner jobs to
10735-617: The nation. Women's Business Centers are mandated to serve a significant number of socially and economically disadvantaged individuals. Research conducted by the Association of Women's Business Centers indicates that 64% of WBC clients in 2012 were low-income, 39% were persons of color, and 70% were nascent businesses. WBC services are provided in more than 35 languages, with 64% of WBCs providing services in two or more languages. In addition to business training services, 68% of WBCs provide mentoring services, and 45% provide microloans. SCORE,
10848-461: The next two decades in Indonesia, divorcing Lolo Soetoro in 1980 and earning a PhD degree in 1992, before dying in 1995 in Hawaii following unsuccessful treatment for ovarian and uterine cancer . Of his years in Honolulu, Obama wrote: "The opportunity that Hawaii offered — to experience a variety of cultures in a climate of mutual respect — became an integral part of my world view, and
10961-442: The opportunity to appoint all the commissioners of a given independent agency. In addition, most independent agencies have a statutory requirement of bipartisan membership on the commission, so the president cannot simply fill vacancies with members of his own political party. The president can normally designate which commissioner will serve as the chairperson. Congress can designate certain agencies explicitly as "independent" in
11074-419: The pleasure of the president" and can be removed without cause. The degree to which the President has the power to use executive orders to set policy for independent executive agencies is disputed. Many orders specifically exempt independent agencies, but some do not. Executive Order 12866 has been a particular matter of controversy; it requires cost-benefit analysis for certain regulatory actions. In
11187-483: The power to remove officials from agencies that were "an arm or an eye of the executive", it upheld statutory limitations on the president's power to remove officers of administrative bodies that performed quasi-legislative or quasi-judicial functions, such as the Federal Trade Commission. Presidents normally do have the authority to remove regular executive agency heads at will , but they must meet
11300-616: The presidency. On February 10, 2007, Obama announced his candidacy for President of the United States in front of the Old State Capitol building in Springfield, Illinois . The choice of the announcement site was viewed as symbolic, as it was also where Abraham Lincoln delivered his "House Divided" speech in 1858. Obama emphasized issues of rapidly ending the Iraq War, increasing energy independence , and reforming
11413-403: The president, they can be controlled by a board that cannot be appointed all at once, and the board can be required to be bipartisan. Presidential attempts to remove independent agency officials have generated most of the important Supreme Court legal opinions in this area. In 1935, the Supreme Court in the case of Humphrey's Executor v. United States decided that although the president had
11526-487: The seventeenth century. Obama's father, Barack Obama Sr. (1934–1982), was a married Luo Kenyan from Nyang'oma Kogelo . His last name, Obama, was derived from his Luo descent. Obama's parents met in 1960 in a Russian language class at the University of Hawaiʻi at Mānoa , where his father was a foreign student on a scholarship. The couple married in Wailuku, Hawaii , on February 2, 1961, six months before Obama
11639-408: The speech was viewed by over three million people worldwide. During both the primary process and the general election, Obama's campaign set numerous fundraising records, particularly in the quantity of small donations. On June 19, 2008, Obama became the first major-party presidential candidate to turn down public financing in the general election since the system was created in 1976. John McCain
11752-409: The statutory requirements for removal of commissioners of independent agencies, such as demonstrating incapacity, neglect of duty , malfeasance , or other good cause . While most executive agencies have a single director, administrator, or secretary appointed by the president of the United States , independent agencies (in the narrower sense of being outside presidential control) almost always have
11865-551: The time. I'm not that superstitious, so it's not like I think I necessarily have to have them on me at all times." The items, "a whole bowl full", include rosary beads given to him by Pope Francis , a figurine of the Hindu deity Hanuman , a Coptic cross from Ethiopia, a small Buddha statue given by a monk, and a metal poker chip that used to be the lucky charm of a motorcyclist in Iowa. He joined Davis, Miner, Barnhill & Galland,
11978-691: The vote, the largest margin of victory for a Senate candidate in Illinois history. He took 92 of the state's 102 counties, including several where Democrats traditionally do not do well. Obama was sworn in as a senator on January 3, 2005, becoming the only Senate member of the Congressional Black Caucus . He introduced two initiatives that bore his name: Lugar–Obama, which expanded the Nunn–Lugar Cooperative Threat Reduction concept to conventional weapons; and
12091-549: Was Title I, which abolished the Reconstruction Finance Corporation (RFC). The Small Business Act Amendments of 1958 ( Pub. L. 85–536 , 72 Stat. 384 , enacted July 18, 1958 ) withdrew Title II as part of that act and made it a separate act to be known as the "Small Business Act". Its function was and is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns". The SBA has survived
12204-510: Was born in Wichita, Kansas , and was of English, Welsh, German, Swiss, and Irish descent. In 2007 it was discovered her great-great-grandfather Falmouth Kearney emigrated from the village of Moneygall, Ireland to the U.S. in 1850. In July 2012, Ancestry.com found a strong likelihood that Dunham was descended from John Punch , an enslaved African man who lived in the Colony of Virginia during
12317-484: Was born in 1998, followed by a second daughter, Natasha ("Sasha"), in 2001. The Obama daughters attended the University of Chicago Laboratory Schools . When they moved to Washington, D.C., in January 2009, the girls started at the Sidwell Friends School . The Obamas had two Portuguese Water Dogs ; the first, a male named Bo , was a gift from Senator Ted Kennedy . In 2013, Bo was joined by Sunny ,
12430-559: Was born. In late August 1961, a few weeks after he was born, Barack and his mother moved to the University of Washington in Seattle , where they lived for a year. During that time, Barack's father completed his undergraduate degree in economics in Hawaii, graduating in June 1962. He left to attend graduate school on a scholarship at Harvard University , where he earned an M.A. in economics. Obama's parents divorced in March 1964. Obama Sr. returned to Kenya in 1964, where he married for
12543-444: Was employed at Sidley Austin . Robinson was assigned for three months as Obama's adviser at the firm, and she joined him at several group social functions but declined his initial requests to date. They began dating later that summer, became engaged in 1991, and were married on October 3, 1992. After suffering a miscarriage, Michelle underwent in vitro fertilization to conceive their children. The couple's first daughter, Malia Ann,
12656-524: Was nominated as the Republican candidate, and he selected Sarah Palin as his running mate. Obama and McCain engaged in three presidential debates in September and October 2008. On November 4, Obama won the presidency with 365 electoral votes to 173 received by McCain. Obama won 52.9 percent of the popular vote to McCain's 45.7 percent. He became the first African-American to be elected president. Obama delivered his victory speech before hundreds of thousands of supporters in Chicago's Grant Park . He
12769-493: Was revealed that more than half of the money from the Treasury Department's coronavirus emergency fund for small businesses actually went to bigger small businesses representing just 5 percent of the recipients. The CARES Act of 2020 generally classified a small business as a business with 500 employees or fewer. [REDACTED] This article incorporates public domain material from websites or documents of
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