Less than a week after the Senate failed to advance his job creation bill, President Obama is taking a three-day road trip to Virginia and North Carolina to push portions of his agenda.
At the same time, CUNA and NAFCU are hoping the renewed interest in job creation could translate into finding a legislative vehicle for their legislation to raise the cap on member business lending.
Obama’s trip, to two states that are deemed crucial to his reelection chances next year, is aimed at getting citizens to encourage lawmakers to pass legislation that would provide jobs.
Obama’s stops include several schools and he has pushed legislation that would provide money to save teaching jobs and expand school construction.
With jobs on the front burner, lobbyists for CUNA and NAFCU said Monday they are continuing to work with their allies to determine to what legislation they can attach the bill to raise the cap on member business loans from 12.25% of assets to 27.5% of assets.
Neither trade association would identify which legislation could provide the best vehicle nor would they give a timetable.
A House subcommittee held a hearing on the legislation last week, following a similar hearing in the Senate in June.
