McMahon wins committee vote to lead SBA

January 31, 2017 GMT

WASHINGTON — The Senate Small Business and Entrepreneurship Committee on Tuesday approved Fairfield County wrestling entrepreneur Linda McMahon’s bid to lead the Small Business Administration.

The 18-1 vote moves her nomination to the full Senate, where it is expected to counter little opposition — at least compared to some of President Trump’s more controversial nominees such as Betsy DeVos as education secretary and Sen. Jeff Sessions as attorney general.

Sen. Cory Booker, D-N.J., cast the lone vote against McMahon on Tuesday. If confirmed by the Senate, she will lead the agency responsible for helping entrepreneurs start and grow their businesses.

During her confirmation hearing a week ago, McMahon told the panel she knows what it’s like to operate a business on a shoestring, and not know if revenue is sufficient to continue in business.

McMahon recalled declaring bankruptcy in 1976 along with her husband, Vince McMahon. The couple lost their home and had their car towed away.

From that dark time, Linda McMahon said, the couple built Stamford-based World Wrestling Entertainment into a global enterprise with more than 800 employees.

At the hearing, Sens. Richard Blumenthal and Chris Murphy — McMahon’s one-time Democratic opponents in the 2010 and 2012 Senate races — hailed her as a champion of small business who deserved confirmation.

“Politics cannot work if political grudges never die,” Murphy said. “Political adversaries have to find a way to work together after the fight is over.”