WASHINGTON — Efforts to raise the business lending cap have been the only part of the jobs act that would actually create jobs, Sen. Mark Udall (D-Colo.) told GAC general session attendees Tuesday morning.
The primary author of S 509, Udall repeated earlier reports that Senate Majority Leader Harry Reid (D-Nev.) promised a vote on the bill. Udall also said Rep. Ed Royce (R-Calif.), a long-time ally to credit unions, has influenced 60 Republicans to support H.R. 1418, the House version of his bill.
“I will introduce this bill as an amendment to anything that moves across the floor this year,” Udall said. “You and I will find a way to get a vote on this bill as soon as possible.”
Udall urged credit union leaders to tell their personal stories to their congressional representatives, and direct them to contact Udall for more information on small business lending for credit unions so they can also support the bill.