Mark Udall actually said...

Senator Mark Udall has introduced legislation that would raise the cap to 27.5 percent of total assets.

Increasing the cap will have a profound effect on the hundreds of credit unions that will reach the cap in the next few years.

There are at least 140,000 reasons to let credit unions do more small business lending, and there are no sound public policy reasons not to.

Congress enacts S. 509, Senator Mark Udall's Small Business Lending Enhancement Act.