Udall Introduces MBL Bill in Senate
Sen. Mark Udall (D-Colo.) introduced the "Small Business Lending Enhancement Act of 2013" on Thursday.
The bill would raise the member business lending cap from 12.25% of assets to 27.5%. It's S.968 and it's similar to H.R. 688, which was introduced by Rep. Ed Royce (R-Calif.) in February. Udall was the primary sponsor of the Senate’s MBL bill in the 112th Congress.