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.) says.
Sen. Mark Udall (D-Colo.), Rep. Ed Royce (R-Calif.) and Rep. Carolyn McCarthy (D-N.Y.) will apear at the March 18-22 conference in Washington, D.C.
Democratic Sen. Dianne Feinstein and GOP Rep. Darrell Issa, both Californians, have signed on to raising the lending cap.
Might this time finally be the charm for member business lending? After years of lobbying and cajoling, credit unions will finally get their wish on June 16 when the Senate Banking Committee holds a hearing on Sen. Mark Udall’s (D-Colo.) legislation to raise the cap on member business loans.
A California Republican and New York Democrat were preparing to introduce a member business lending cap bill similar to an existing Senate measure.