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Rep. Ed Royce: MBL bill list now at 140 co-sponsors

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Rep. Ed Royce(R-CA) revealed the new number of 140 MBL co-sponsors in his remarks at an issue briefing on Sept. 12 sponsored by CUNA and The Hill newspaper that brought lawmakers, small business experts, credit union executives and small business owners together to make the case for lifting the credit union member business lending cap.

The event, was part of The Hill's "Issue Forum" series, and got under way with comments from Royce and Sen. Mark Udall (D-CO).

Udall, who was on his way to another event, spoke quickly and urgently about the need to funnel more capital to small businesses.

“It's the complaint I hear most often,” Udall noted, “how can we get access to capital?” He added, “If you are membership organizations, why aren't you allowed to do everything possible to help your members?”

Royce credited the growing number of co-sponsors with “the perception around here that there is a real need on the part of small business for additional sources of capital.”

Continue reading story at Credit Union Times

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