Political Quotes

“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 losses over 6 years. In addition, smaller community banks would be incentivized to increase small business lending through an extended amortization period of up to 10 years. The impact of this amendment deals with regional and small banks. It will be immediate and is a necessary step in providing greater availability of credit, which will lead to job creation and economic growth. We had an earthquake on Wall Street about a year-and-a-half ago. Those aftershocks are still being felt by small businesses and small banks all across the country. It is for that reason these banks, in an effort to help small businesses regain their footing, deserve this kind of amortization and flexibility with respect to their loan portfolios. They did not cause the trouble that they now find themselves in, and we believe that amortization is appropriate. Mr. Chair, I reserve the balance of my time.”