Press Contact: Aaron Hunter 202-225-2040

Email: davispress@mail.house.gov

Office Contact Information

U.S. House of Representatives
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Washington, DC 20515
Phone: (202) 225-2040
Fax: (202) 225-2948

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Phone: (619) 280-5353
Fax: (619) 280-5311

Press Release

September 23, 2010

Contact: Aaron Hunter 202-225-2040

davispress@mail.house.gov

 

Rep. Susan Davis Votes to Alleviate Credit Crunch on Small Businesses

The small business bill creates a $30 billion lending fund

Washington — Congresswoman Susan Davis today voted to give struggling small businesses easier access to credit to spur economic growth and create new jobs. The Small Business Jobs Act (H.R. 5297) increases much-needed lending to millions of small businesses, and offers $12 billion in new tax breaks for companies.  It also keeps jobs in America by closing tax loopholes that reward corporations that ship jobs overseas.

“The small business owners that I have talked to have repeatedly complained about the credit crunch they are under,” said Davis. “They say the banks aren’t lending.  Without access to capital they are unable to hire new workers, expand their business, and attract customers.”

The Small Business Jobs Act creates a $30 billion lending fund backed by the federal government in an effort to help America’s small businesses create new jobs and grow.

The bill takes another step to end job outsourcing by ending tax incentives for companies that ship jobs overseas. This bill is fully paid for and will not add a dime to the deficit.

The House approved the bill by a vote of 237-187 clearing it for the President’s signature.

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