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In Support of H.R. 5297

Floor Speech

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

Mr. QUIGLEY. Mr. Speaker, I rise in strong support of H.R. 5297, the Small Business Lending Fund Act. This legislation will help the small businesses in my district, such as Al & Joe's Deli, a family-owned business in Franklin Park with sub sandwiches to die for, that is looking to expand. It will also save businesses such as National Plumbing & Heating Supply Company in Illinois, which had to shut down after 60 years because banks ended its line of credit.

To respond to these problems, I will vote to create a new $30 billion loan program to boost lending to small businesses so they can expand and create jobs.

I also cosponsored an amendment that will include commercial real estate lending as small business lending. This will complement regular lending efforts and help businesses like Al & Joe's capitalize on existing property to expand and create new jobs.

I urge my colleagues to pass this critical legislation.


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