Pelosi Statement on Small Business Legislation Passed by House Financial Services Committee

WASHINGTON, May 19 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement today on the passage of H.R. 5297, the Small Business Lending Fund Act of 2010, by the House Financial Services Committee:

"Today, Congress made progress on legislation that will foster more lending to America's small businesses – the backbone of our economy. By encouraging community banks to increase lending, we are supporting the small businesses on America's main streets in their efforts to grow and create jobs.

"Unfortunately, as they did with Wall Street Reform legislation and other efforts to grow our economy and create jobs, Republicans chose once again to side against Main Street and small businesses by opposing this job-creating bill in committee. Our nation's small businesses continue to face obstacles in accessing the credit they need to invest in the communities they serve. With this legislation, small businesses will benefit from improved access to the capital that will enable them to channel their entrepreneurial spirit.

"This legislation will be brought up for a vote soon in the House of Representatives. I urge my colleagues to join us in supporting America's small businesses."

SOURCE Office of the Speaker of the House

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