Carolyn Maloney: “This past Monday the Wall Street Journal ran an excellent article on the challenges facing small businesses. It began…”

“This past Monday the Wall Street Journal ran an excellent article on the challenges facing small businesses. It began with a question that small businesses all across America are asking: Where is the money? The Journal article cites a survey by the National Federation of Independent Business that found that half of the small businesses that tried to get the loans last year were either denied the loans or they were not given the money that they needed. We found that small businesses in the Joint Economic Committee report have been badly hurt by the tighter lending standards that resulted from the financial crisis. That is why passing the Small Business Lending Fund Act last week was such an important step forward and sending it to the Senate. Where is the money is an important question to ask, and the answer is, it is on the way. We hope that the Senate will act quickly and pass this important legislation.”