July 23, 2010

Senate votes to move forward on $30B loan fund for small businesses

The bill they are speaking of is HR-5297. That bill contains "Offensive Language" which will deny certain sex offenders the chance to apply for small business loans. Many RSOs use these loans to run private businesses because they cannot get regular jobs. Folks must continue to contact -Senators- to try to get one of them to pull this offensive language. Please do so even if it would not affect you!
7-23-2010 Washington DC:

After a lengthy debate Thursday, the Senate voted 60-37 to end debate on an amendment that would create a $30 billion fund for community banks to lend to small businesses.

Sens. Mary Landrieu (D-La.) and Jeff Merkley (D-Ore.) spent the better part of the day explaining why their amendment shouldn't be considered another government bailout and would help struggling small businesses.

Their argument convinced two Republicans -- Sens. George LeMieux of Florida and George Voinovich (Ohio). LeMieux said the measure would provide small businesses in his state with the credit they need to create jobs.

The Senate will take up the amendment and the bill again next week with votes planned for Tuesday. ..Source.. by Vicki Needham

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