Senate Votes for Cloture on Small Business Jobs - and Fails
12:39 PM July 29, 2010
This morning, the Senate voted for cloture - a procedure where the Senators vote to limit debate on the Small Business Jobs Bill H.R. 5297. If cloture is achieved, the bill would have been set for a final vote. In order to achieve cloture, sixty (60) votes must be achieved.
Today, only fifty-eight (58) Senators voted for cloture. What this means is that the debate for the bill will continue.
WIPP continues to express support for this bill. This bill contains a number of provisions that stand to benefit small businesses, such as:
· Restoring parity to the Small Business Administration's (SBA) small business contracting program
· Addressing contract bundling and subcontracting in federal procurement
· Increasing loan limits and available capital for small businesses
· Providing tax incentives for small business owners
· Repealing the 1099 reporting requirement enacted after the healthcare law
We need your help in expressing your support for this bill. Contact your Senators and tell them to support this bill!
To read WIPP's latest letter of support for this bill, please click here.
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