Small Business Bill Cannot Wait - Voice Your Support, This Bill MUST Pass!
1:59 PM August 27, 2010
Before Congress went on August recess, important small business legislation was left unresolved. Despite WIPP's efforts to rally support for the bill, Democrats and Republicans were unable to agree on the Small Business Jobs and Credit Act of 2010 (H.R. 5297) before the break.
Although I am disappointed this bill did not pass before the August recess, I continue to remain optimistic. This bill contains a number of provisions that have far-reaching effects on small businesses, and mirror the struggles our members have identified in our Annual Survey. The small business provisions in the bill include (full summary available by clicking here):
- Major - and critically important changes - to the Small Business Administration's (SBA) federal procurement programs (including Parity legislation, which I blogged about earlier this week)
- A number of tax incentives for small businesses
- The establishment of a $30 billion loan fund for community banks
Small Businesses are struggling to survive this current economic recession. I continue to call on members of the small business community to voice their support for this bill. Click here for information and instructions on how to contact your local Congressional Delegation.
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