Roger Williams: “As my colleagues and I have stated today, my biggest fear is that many lenders may decide to fully exit small business…”

“As my colleagues and I have stated today, my biggest fear is that many lenders may decide to fully exit small business lending due to the overly burdensome collection requirements, or because they don't want to put their small business customers in an uncomfortable situation. I do not believe this is the outcome Congress, or the CFPB, intended with the implementation of this section of Dodd-Frank. However, I know, as a small business owner myself, that if this rule goes into effect it will not bode well for small businesses seeking the credit needed to grow and support their communities. That is the bottom line. We need to help small businesses. We need to help them create jobs but also to create net worth among their employees. Madam Speaker, I urge my colleagues to support this resolution, and I yield back the balance of my time. The SPEAKER pro tempore. All time for debate has expired. Pursuant to the rule, the previous question is ordered on the joint resolution. The question is on the third reading of the joint resolution. The joint resolution was ordered to be read a third time, and was read the third time. The SPEAKER pro tempore. The question is on passage of the joint resolution. The question was taken; and the Speaker pro tempore announced that the ayes appeared to have it.”