On a party-line vote, the House today passed a bill aimed atstimulating lending to small businesses, following a Senate votelast week.
The bill, which passed 237-187, creates a $30 billion fund thatcommunity banks can tap into to make small business loans.
The NCUA, CUNA and NAFCU unsuccessfully attempted to persuadesenators to consider an amendment that would have raised the cap onmember business loans from 12.25% of assets to 27.5%. The amendmentwasn't among those allowed to be offered. To expedite passage inthe House, lawmakers didn't allow any amendments in thatchamber.
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