Political Quotes

“Madam Speaker, I rise in strong support of the Small Business Lending Fund Act of 2010 and urge its adoption without any further delay. Small businesses are the engine of our economy. They employ half of all private sector workers and have been responsible for nearly two- thirds of net job creation over the past fifteen years. Recent economic data showing eight straight months of private sector job growth is an encouraging sign, but more needs to be done to support our small business job generators and keep the economy moving in the right direction. The centerpiece of this pro-growth legislation is a $30 billion lending fund for community banks serving small businesses. With 45 percent of small businesses unable to get their credit needs met in 2009, this kind of initiative--which can leverage up to $300 billion in new private sector lending--is critical to getting small businesses the financing they need to expand their payrolls at a time when jobs are what our economy needs most. Small Business Administration loan limits are increased. SBA borrowing fees are reduced or eliminated. And the nonpartisan Congressional Budget Office projects that the lending fund itself will actually reduce the deficit by $1 billion over ten years as participating banks repay their loans with interest. H.R. 5297 also delivers a potent package of timely tax relief to the small business sector.…”