I philosophically do not think the Government should guarantee small business loans as high as 90 percent, but I did not want to make that determination in committee. We did have a hearing on this, with two of our subcommittees meeting together, and there was not a consensus in there that we should depart from the 80 percent and 75 percent that we have in the bill. So I am very, very pleased. I am sorry about the concern the gentleman expressed, but I am very pleased for his support for the bill.
Jan Meyers: “I philosophically do not think the Government should guarantee small business loans as high as 90 percent, but I did not…”
Editor's note · Context
Discussing small business loan guarantees during a House floor debate.
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