Small Business Lending Bill
The “Small Business Lending Bill” aka “The Small Business Jobs Act” has not passed yet.
(Here is a quick rundown of what it means to SBA Lending: SBA HR 5297).
Republicans and Democrats are still fighting about the number of amendments that are attached to the bill and if the information I’ve heard is correct, it came down to the Republicans wanting 4 amendments to HR 5297 and the Democrats only wanting to allow 3.
Now, I know it is not that simple – far from it – but if both sides are in agreement that the bill is truly good for our country and there seems to be such widespread support for it then hopefully they can find a way to get it done.
A complete summary of the bill on the United States Senate website can be found here