Welcome Visitor
Mon, Sep 26, 2016
107 members currently online.

Skelton says recently passed bill will be good for rural small businesses
Skelton says recently passed bill will be good for rural small businesses

Congressman Ike Skelton
WASHINGTON, D.C. (Oct. 29, 2009) — Congressman Ike Skelton (D-Mo.) announced today that the U.S. House of Representatives has approved H.R. 3854, the Small Business Financing and Investment Act, legislation to extend the small business lending programs created by the economic stimulus bill and to modernize most SBA capital access programs. This legislation, which Congressman Skelton cosponsored, would also increase the size of the loan SBA can offer and create the Rural Lender Outreach Program, which reduces application burdens for small business borrowers, increases loan guarantees, and encourages banks to lend to rural entrepreneurs. Also, the legislation would also promote veteran-owned businesses.

“Small businesses are the engine of job creation and economic growth in this country. But, the current economic crisis has hit small businesses particularly hard, cutting off access to credit and investment dollars.

“I am pleased that the House of Representatives has supported this legislation. The Small Business Financing and Investment Act is good for the Fourth District, where small business jobs dominate the economic landscape, for rural entrepreneurs, and veterans,” said Skelton.

H.R. 3854 was approved by the U.S. House of Representatives by a vote of 389 to 32. The U.S. Senate must consider the legislation before it is sent to the President for his signature.

Congressman Ike Skelton (D-Mo.) serves as chairman of the House Armed Services Committee. Congressman Skelton’s website is at www.house.gov/skelton.

Click here to follow the Pulaski County Daily News on Twitter
Click here to follow the Pulaski County Daily News on Facebook

Click here to comment for local opinion

Printer-friendly format




Do you know someone else who would like to see this?
Your Email:
Their Email:
Comment:
(Will be included with e-mail)
Secret Code

In the box below, enter the Secret Code exactly as it appears above *


 


Most-viewed
recent articles

Waynesville superintendent responds to Camdenton comments against Waynesville band (1442 Views)
Two vehicles totaled in separate single-vehicle weekend wrecks (800 Views)
Commissioners hoping for FEMA reimbursement soon (673 Views)
Krill to health department staff: 'You must take vacations, not cash' (504 Views)
Crocker Police Report 10/26/2015 (301 Views)
McCaskill seeks accountability for Navy admiral who may have illegally retaliated against whisteblowers (281 Views)
Pulaski County Sheriff's View #142 for Oct. 26, 2015 (265 Views)
Hartzler: Standing up for health care. shutting down Obamacare (192 Views)