On the recordJuly 27, 2015
I thank the gentleman for yielding the time. Mr. Speaker, as has been pointed out, this is legislation that is the result of the hard work of the Small Business Committee here in the House, the Appropriations Committee here in the House, along with the United States Senate. What this does, as has been pointed out, is simply allows the 7(a) lending program to continue on. It is a program that doesn't cost the taxpayers any money, and, yet, it allows the Small Business Administration to lend money to thousands of small businesses all across this country to keep the economy growing, to keep jobs being created. And as chairman of the subcommittee that oversees and funds this program, the SBA, let me assure my colleagues that this will not require any additional appropriations this year. It would simply lift the cap, as has been pointed out, let this continue on, and, again, do the good job that the SBA does. So I urge my colleagues to support this. I thank everyone involved that has worked in such a timely manner to make this happen so quickly so that we don't interrupt the lending that goes on.
