Lending by small banks is focus of bill in House
June 17, 2010 A bill creating a $30 billion fund for community banks to
increase lending to small businesses is up for a possible vote in
the House on Thursday.
Congressional Democrats started the year with an aggressive
agenda of passing a series of bills designed to create jobs. Many
of the proposals stalled as lawmakers, after hearing from angry
voters, became wary of adding to the national debt.
On Wednesday, the Senate rejected a $140 billion bill that would
renew pieces of last year's economic stimulus bill.
Governors complain that without additional aid, hundreds of
thousands of public employees will be laid off.
