[Congressional Record Volume 156, Number 133 (Wednesday, September 29, 2010)]
[Extensions of Remarks]
[Page E1780]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                    SMALL BUSINESS JOBS ACT OF 2010

                                 ______
                                 

                               speech of

                       HON. JANICE D. SCHAKOWSKY

                              of illinois

                    in the house of representatives

                      Thursday, September 23, 2010

  Ms. SCHAKOWSKY. Madam Speaker, I rise today in strong support of H.R. 
5297, the Small Business Jobs Act. Legislation that provides much 
needed lending to millions of small businesses and offers tax 
incentives to help small businesses grow, hire, and fuel our economy.
  As we all know, small businesses are a key engine of our economy, 
creating two-thirds of the new jobs over the last 15 years. America's 
27 million small businesses continue to face a lack of credit and tight 
lending standards, with the number of small businesses loans down 
nearly 5 million since the financial crisis in 2008 under President 
Bush.
  Last month, I went on a tour of small businesses throughout my 
district. I have also met individually with many small business owners 
who are struggling to stay open. While visiting these businesses, I saw 
firsthand the serious challenges they face while the United States 
struggles to overcome its most significant economic crisis since the 
Great Depression. It was clear to me that they have all the tools 
necessary to prosper but need our financial institutions to function 
properly and provide them the resources to succeed.
  H.R. 5297 will provide small businesses with this opportunity by 
increasing access to capital and spurring investment and growth 
throughout our country. In fact, it is estimated that this bill alone 
will create 500,000 new jobs in America.
  Madam Speaker, I am proud to support this legislation, which will 
provide our small businesses with the assistance they need to compete 
in this difficult economic climate. I know it will have a substantial 
impact on my district and strongly urge my colleagues to support it.

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