During visits to Capitol Hill in Washington D.C. during the CUNA GAC, the League secured two new co-sponsors for
H.R. 3380 (Promoting Lending to America's Small Businesses Act of 2009) to join current co-sponsor Congresswoman Kathy Castor (FL-11) who signed on in December.
Congressmen Gus Bilirakis (FL-9) and Alan Grayson (FL-8) were convinced to add their names along with Castor and more than 70 other members of Congress. The co-sponsors agree that credit unions have the ability to increase needed lending to America’s small businesses. If the member business lending cap were raised from 12.25 percent to 25 percent, credit unions could lend an additional $10 billion that would help create more than 108,000 jobs.
If you’re located in the districts of the members of Congress who are co-sponsoring H.R. 3380. Please take a moment to call their offices and thank them for helping America’s small businesses. If you're not in their district, you are also more than welcome to call.