Cao speaks on amendment for Small Business Lending Fund Act

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Uploaded by on Jun 17, 2010

On Wednesday, June 16, 2010 Congressman Anh "Joseph" Cao (LA-2) spoke in support of a measure co-sponsored by Congresswoman Sheila Jackson-Lee (TX-18) and Cao, which would give small businesses affected by the BP oil spill special consideration for loans.

On Thursday, June 17, 2010, the House passed the Small Business Lending Fund Act, a bill meant to stimulate the nation's economy by authorizing $30 billion for a new fund through which the Treasury Department could provide money to certain financial institutions such as community banks for lending to small businesses.

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