Businesses need capital to grow. Small businesses would benefit if small banks, credit unions and other small lenders get an infusion of capital to make loans to those who need it. A $30 billion lending fund would help the self-employed who have been forced by the credit freeze to dip into their families savings or rely on personal credit cards to keep their businesses afloat.
After Senate passage last week, the Small Business Jobs Act returns to the House for its approval. The House must act quickly and decisively to ensure Americas small-business community gets the relief it so desperately needs.
As Congress resumes its work, it is critical that it specifically addresses the concerns of Americas self-employed and micro-businesses. They are and will continue to be the engine of the economy. Instead of more for Wall Street, now is the time for Main Street to put our economy back in the fast lane.
Kristie Arslan is the executive director of the legislative offices of the National Association for the Self-Employed, which represents 23 million self-employed and micro-businesses.
Sen. Jeff Flake, R-Ariz., takes a selfie with his cut-out head during the Hoops for Youth 16th annual charity basketball game held at George Washington University's Smith Center, September 8, 2014. The members of Congress team beat the lobbyist team 46-40. Buy photo here.