[Congressional Record (Bound Edition), Volume 158 (2012), Part 7]
[House]
[Page 10110]
[From the U.S. Government Publishing Office, www.gpo.gov]




              SMALL BUSINESS LENDING FOR JOBS ACT OF 2012

  (Mr. COFFMAN of Colorado asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. COFFMAN of Colorado. An important part of the continued viability 
of our Nation's small businesses is their access to capital. To foster 
this access, we need to provide community financial institutions with 
responsible regulatory relief so they can increase lending to small 
businesses.
  That is why, today, I have introduced the Small Business Lending for 
Jobs Act of 2012. This bipartisan legislation will allow community 
banks to spread losses in commercial real estate over a 7-year period. 
This will allow banks to retain more capital and use these funds to 
make new loans to small businesses in their communities.
  The bill also establishes a dual mission for Federal banking 
regulators and the Consumer Financial Protection Bureau, mandating 
these entities promote credit availability so long as that credit is 
provided in a safe and sound manner. This will bring a greater balance 
to banking regulations. A dual mission will lead to regulators 
factoring in the impact on banks, communities, and customers in making 
their decision.
  I urge my colleagues to support the bipartisan Small Business Lending 
for Jobs Act of 2012.

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