June 29, 2010
New York Times writer Robb Mandelbaum recently reported that small-business friendly provisions survived House and Senate negotiations.
Senator Olympia Snowe’s provision to the bill however directs the Consumer Financial Protection Bureau to consider how its proposed regulations will impact small business and gives small businesses upfront input into rule-making in certain circumstances.
The SBAC continues to encourage our legislatures to tackle the credit crises which is devastating small businesses. We also continue to push for returned TARP money to be made available for lending to small and medium size businesses.
To read the complete New York Times article go to: Small-Business Friendly Provisions Stay in Financial Reform