Trump Wants U.S. Treasurer Jovita Carranza To Lead Small Business Administration
President Trump says he intends to nominate Jovita Carranza, the U.S. treasurer, to lead the Small Business Administration after former pro-wrestling executive Linda McMahon announced last week that she was stepping down.
“I am pleased to announce that Jovita Carranza will be nominated as the new @SBAgov Administrator,” Trump said Thursday evening on Twitter. “Jovita was a great Treasurer of the United States — and I look forward to her joining my Cabinet!”
McMahon, who spent more than two years at the helm of the agency, reportedly plansto join the pro-Trump superPAC America First Action in support of the president’s re-election campaign.
If confirmed by the Senate, Carranza will be the highest-ranking Hispanic woman in Trump’s Cabinet.
Carranza was appointed U.S. treasurer in 2017 and is an adviser to Treasury Secretary Steven Mnuchin while overseeing the Office of Consumer Policy. She oversees all U.S. Mint operations, including Fort Knox, and works with the Federal Reserve. She served as the deputy administrator for the Small Business Administration under President George W. Bush.
In a statement, Mnuchin said that “Jovita’s experience — including time as Deputy Administrator for the Small Business Administration — will be an asset to President Trump and the SBA, as they continue to promote pro-growth economic policies, eliminate job killing regulations, and fight for the small businesses that are the lifeblood of the American economy.”