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Senators Rand Paul (R-Ky.), Sheldon Whitehouse (D-R.I.) and Jack Reed (D-R.I.) introduced legislation Thursday that would raise the member business lending cap. S. 2028, which is similar to legislation introduced by former Sen. Mark Udall (D-Colo.), would increase the MBL cap to 27.5% of assets from the current cap of 12.25%.

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