Partisan maneuvering derailed, at least temporarily, Senateaction on s small business lending bill.
On a 58-42 vote, Democrats failed to get enough votes to break aRepublican filibuster on the bill, which would create a $30 billionfund for community banks to access to make more business loans and$12 billion in tax cuts for businesses. Senate rules require thereto be 60 votes to end a filibuster.
CUNA, NAFCU and the NCUA had been working to try to get anamendment to the bill that would raise the cap on member businesslending from 12.25% of assets to 27.5% of assets.
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