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MBL Not in Senate JOBS Bill

Senate Majority Leader Reid said he'll continue work to see bill to raise cap brought before chamber.

By David Morrison | Updated on March 15, 2012

Sen. Mark Udall’s (D-Colo.) bill to lift the cap on member business lending will not be included in the Senate version of the JOBS Act but Senate Majority Leader Harry Reid (D-Nev.) has pledged to work to see it brought before the Senate.

In praising Udall’s effort to advance the bill, Reid noted that “there are always reasons for the bill not to be brought forward,” but said that that absent a consent motion there was no way to add it to the JOBS legislation as it is not judged to be germane.

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