On Thursday August 5th the Finance committee met to debate a number of bills. They first brought up the Veteran’s Bill, which is basically supporting America’s veterans and providing them unemployment benefits and better credit. The bill expands the veterans who are applicable to ensure that all of them get accounted for. The republican from Arizona wanted psychological benefits and screenings for returning veterans to be mandatory but the majority of the committee felt it would be unconstitutional to do so. The committee felt that this could make veterans feel unsecure and make the situation worse. After reviewing the bill the committee voted for the bill to be floor ready and moved on to possibly the most important bill up for debate, the Small Business and Credit Act. This bill basically allows for Small Businesses who have the credit for loans to apply and receive benefits. The benefits are ensured to small businesses by a set of guidelines and procedures to restrict larger businesses from receiving the loans. The meeting concluding with the bill still up for voting and was to be continued at the next meeting.
Bingeman Takes a Cat Nap
As all members of committees and Congressmen know the process of passing legislation can be long and often sometimes quite boring. But when it comes to passing important legislation that has to do with reviving our struggling American economy, should we expect for our committee members to be awake and passionate about the passing of the Small Business and Credit Act? Yes we should but for Congressmen Bingeman, I guess he doesn’t feel the same way as he catches some Z’s during the committee meeting discussing the Small Business and Credit Act today.
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