Monday, August 9, 2010

Small Business Jobs and Credit Act of 2010; By: Zane Butter

If there is one thing that Democrats and Republicans agree upon at this moment is that steps must be taken to get the American economy back on track. The finance committee discussed and revised the Small Business and Credit Act today in order to pass a bill that could possibly be one of many steps to revitalize the economy. This bill focused specifically on banks’ lending to small businesses that they can trust. As it appeared today, both the Democrats and Republicans agreed that they want to pass this bill but their main objective was to revise and take out parts of this bill that they saw need fit in order for this bill to be the most effective if it were to be signed by the president. They also said that this bill would have priority over the previous bills they have discussed and sent to the floor for debate.

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