Mr. Speaker, how much time does each side have? The SPEAKER pro tempore. The gentleman from Colorado has 19 minutes. The gentlewoman from North Carolina has 8\1/2\ minutes.

I want to make sure that the record is clear that the amendments that are presented in today's rule are in full compliance with the PAYGO rule, and that is why we are proceeding with this second rule. I reserve the balance of my time.

I just would say, again, reading from the letter from the Independent Community Bankers of America. The Act, which is the Small Business Lending Fund Act, the Act would offer capital to interested community banks to increase small business…

Mr. Speaker, I would just quote from a letter we received from the Independent Community Bankers of America: On behalf of the 5,000 members of the Independent Community Bankers of America, we strongly support passage of the proposed Small…

Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, small businesses cannot grow if credit is not available to them. Over the course of the last year and a half, credit has tightened substantially. This bill provides for a…

Mr. Speaker, Congress is now 2 months late in passing a Federal budget, and the majority has shown no indication of considering one any time soon. This fiscal irresponsibility on display in Washington is affecting American citizens and…

Mr. Speaker, I appreciate the comments of the whip, but I think what we've got to do is to just talk about reality here. The reality is, when George Bush left office in January of 2009, this country was losing 780,000 jobs per month. Last…

I yield myself such time as I may consume. Mr. Speaker, House Resolution 1448 is a structured rule, providing for further consideration of H.R. 5297, the Small Business Lending Fund Act. It provides for the consideration of two amendments…

I ask unanimous consent that all Members be given 5 legislative days in which to revise and extend their remarks on House Resolution 1448. The SPEAKER pro tempore. Is there objection to the request of the gentleman from Colorado? There was…

Mr. Speaker, for the purpose of debate only, I yield the customary 30 minutes to my colleague, the gentlewoman from North Carolina (Ms. Foxx). All time yielded during consideration of the rule is for debate only. General Leave

Mr. Speaker, listening to my friend from Pennsylvania, I remind him as well as others that the last month of George Bush this country lost 780,000 jobs in 1 month. Okay? Fourteen months later, 15 months later we gained some 400,000 jobs in…

Mr. Chairman, I would say the amendment provides that if there is a $250,000 loss, it is booked and it is open, but then is spread out for 6 up to 10 years. It's easily transparent and open. I yield 1 minute to my friend from Florida (Mr…

Mr. Chairman, I yield myself such time as I might consume. Mr. Chairman, the amendment I offer with my colleagues today would increase the availability of capital for small businesses. It temporarily allows banks to amortize real estate…

Mr. Chairman, I have an amendment at the desk made in order under the rule. The CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Amendment No. 5 offered by Mr. Perlmutter: Add at the end of title I…

Thank you. The point here is smaller banks, regional banks, unlike banks on Wall Street, did not create the credit and lending mess that exists today. Small businesses didn't create the mess that we see. And it is small business that…

I thank the gentleman from Colorado for yielding. Mr. Chair, I rise today in strong support of this amendment to House Resolution 5297, the Small Business Lending Fund Act of 2010. The amendment offered by my friend from Colorado…

Mr. Chairman, how much time do I have left? The CHAIR. The gentleman has 1 minute remaining.

At this point, I would also say to my friend from Texas, the amendment takes place immediately, not after 2 years. I yield 1 minute to my colleague from Colorado (Mr. Coffman).