[Congressional Record Volume 155, Number 157 (Tuesday, October 27, 2009)]
[House]
[Page H11797]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                    BOOSTING SMALL BUSINESS LENDING

  (Mr. MICHAUD asked and was given permission to address the House for 
1 minute.)
  Mr. MICHAUD. Mr. Speaker, I rise today in strong support of the 
President's effort to boost small business lending.
  Later this week, we will be taking up a bill that my colleagues and I 
on the Small Business Committee drafted to do just that. Each year, the 
bill is expected to support $44 billion in small business lending, 
helping to save or create 1.3 million jobs annually. Small businesses 
are the backbone of Maine's economy, and they are key to our economic 
recovery.
  The recession and credit crunch have hurt small businesses' access to 
capital, and they cannot afford inaction. This bill will give them 
additional resources when they need it the most. I urge the Senate to 
join the House in passing a strong bill that we can get to the 
President's desk as soon as possible.

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