Today, Congressman Quigley delivered the following speech on the house floor:
Mr. Speaker, I rise in strong support of HR 5297, the Small Business Lending Fund Act. This legislation will help the small businesses in my district, such as Al and Joe’s Deli, a family owned business in Franklin Park (with sub sandwiches to die for) that is looking to expand.
It will also save businesses such as National Plumbing and Heating Supply Company in Illinois which had to shut down after 60 years because banks ended its line of credit.
To respond to these problems I will vote to create a new $30 billion loan program to boost lending to small businesses so they can expand and create jobs.
I also co-sponsored an amendment that will include commercial real estate lending as small business lending. This will compliment regular lending efforts and help businesses like Al and Joe’s capitalize on existing property to expand and create new jobs.
I urge my colleagues to pass this critical legislation.