TITLE

Small-Business Loan Fund Gets a New Lease on Life

AUTHOR(S)
Hopkins, Cheyenne
PUB. DATE
May 2010
SOURCE
American Banker;5/18/2010, Vol. 175 Issue 76, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the possibility that the U.S. House Financial Services Committee may promote the creation of a $30 billion small-business loan fund for community banks. U.S. President Barack Obama had suggested the creation of the fund but the idea was met with resistance by the U.S. Congress. According to the author even if the U.S. House of Representatives supports the measure, it's future is uncertain once it gets to the U.S. Senate.
ACCESSION #
50659847

 

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