Political Quotes

“The Act, which is the Small Business Lending Fund Act, the Act would offer capital to interested community banks to increase small business credit. We urge the House to pass this legislation. The Nation's 8,000-strong community banks are well positioned to leverage this fund and have established relationships with small businesses in their communities to get credit flowing. Notably, leveraging the $30 billion funds with community banks would potentially support many times that amount in loan volume to small businesses, as much as $300 billion in additional lending. By reducing the dividend costs on the capital investment as lending increases, this program helps to ensure more community banks have both the incentive and greater capacity to increase total loans to small businesses. That's the purpose of this rule, to pass the underlying bill, which is to increase credit to small businesses and get them back on their feet and help continue to add jobs, as we have over the course of the last 14 or 15 months. When we were at the very depth of the recession, in January 2009, the last month of the Bush administration, losing 780,000 jobs; in April, where we gained 290,000 jobs; in May, 400,000 jobs. That's what this is about, putting people back to work, getting this country back on a strong financial footing.”