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Small Business Jobs and Credit Act of 2010

Floor Speech

Date: June 16, 2010
Location: Washington, DC
Issues: Business and Consumers Finance and Banking

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Mr. LARSON of Connecticut. I rise in support of the bill for the purpose of engaging in a colloquy with Congresswoman Bean.

I want to bring attention to the important role that banks at the $25 billion asset cap play in this economy, particularly in lending to small businesses.

The State of Connecticut has three such banks within the $10 to $25 billion range in terms of asset caps. These banks are on the ground, lending to small businesses in my district. They are the biggest SBA lenders and are the biggest lenders to minority businesses. They also fulfill a niche opportunity for so many manufacturers in my State as well.

While I understand that the asset cap could not be raised to include these banks in this bill, I would ask that Congresswoman Bean and Chairman Frank work with me, with the Treasury, and with the other body to ensure that these banks can be included in this program as this legislation goes forward.

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