U.S. Senator George LeMieux (R-FL) today voted in favor of ending debate on the Small Business Lending Act, bringing the bill to a final vote in the coming days. The bill contains provisions co-authored by Senators LeMieux and Mary Landrieu (D-LA) that will cut taxes for small businesses, free up capital for community banks so they can lend to small business owners, and increase small business export promotion tools. The senator believes clearing bureaucratic hurdles for small businesses will help grow Florida's economy, and the economy of the United States.
"I have visited with small business owners all across Florida, and they tell me they cannot grow and create more jobs because banks are not making the loans they traditionally make. This bill will help free up capital and point our economy in the right direction," said LeMieux, who today was one of two Republicans to vote to move the Small Business Lending Act forward. "Florida's small business owners need help. I am confident this bill will give our community banks and small business owners the tools they need, without raising taxes or adding to the national debt."
Senator LeMieux also included the Export Promotion Act as part of the Small Business Lending Act. The Export Promotion provision would increase the activities and staffing of the Department of Commerce in carrying out its mission to promote U.S. exports. It would also increase the export grants funds available to industry associations and non-profit institutions.
BACKGROUND: A number of Florida business owners and organizations support Senator LeMieux's efforts including the Associated Industries of Florida, the Small Business Council of the Florida Chamber of Commerce, the Florida Realtors Association, the Florida Bankers Association, Enterprise Florida, 60 Plus Association, and the Florida Auto Dealers Association.