[Congressional Record (Bound Edition), Volume 156 (2010), Part 12]
[House]
[Page 16357]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       SMALL BUSINESS LENDING ACT

  (Mrs. DAHLKEMPER asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. DAHLKEMPER. Madam Speaker, today is a great day for small 
businesses in the United States. The small Business Lending Act we are 
voting on today will give $12 billion in tax relief to small businesses 
and increase access to capital through community banks.
  These $12 billion in tax cuts, including a 100 percent exclusion of 
capital gains tax on small business investments, saves entrepreneurs 
money that they can put right back into their businesses. This 
legislation creates a $30 billion small business lending fund to help 
community banks, not Wall Street banks, lend to our small businesses.
  Access to capital is the biggest concern facing our small businesses 
today. That's why we included my plan to increase the cap on Small 
Business Administration express loans from $350,000 to $1 million.
  More capital for business means that they can expand and create new 
jobs. Helping businesses grow is essential to our economic recovery and 
getting people back to work. As a small business owner, I am proud to 
support this plan to provide tax relief to businesses and give them 
access to capital they need.

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