Political Quotes

“I thank the gentlelady for the courtesy of this time, and I thank my Republican colleagues, Congressman Chabot and Congresswoman Ellmers, for reaching across the aisle and working with us to introduce H.R. 6504, the Small Business Investment Company Modernization Act. Small businesses, our Nation's most effective job creators, have faced the brunt of the recession, and Congress needs to work in a bipartisan fashion to ensure our small firms are able to access private capital. {time} 1240 One important tool that we have in our toolbox is the Small Business Investment Company (SBIC) program, and today's bill will help keep the SBIC program a healthy and robust public-private partnership, providing vitally important capital to small businesses in my home State of Rhode Island and across this country. The SBIC program leverages private investment to provide greater capital to small businesses. Since its creation in 1958, the SBIC program has promoted more than $62.6 billion in financial assistance and made more than 164,000 investments in small businesses. In the past 2 years, SBICs supported more than 130,000 jobs. In the past 6 years, SBICs have invested more than $68 million in Rhode Island small businesses, including over $40 million in fiscal year 2011 alone. H.R.…”