Congressman Payne Adds Name to MBL Reform

Posted by Marissa Anema Monday, November 26, 2012 10:44:00 AM


WASHINGTON – Having assumed office less than two weeks ago, Congressman Donald Payne, Jr. (D-10) today added his name as a co-sponsor to the Small Business Lending Enhancement Act (H.R. 1418). Payne was elected earlier this month to fill the unexpired term of his late father, and to a full term beginning when the new Congress convenes in January.

Seven out of NJ’s 13-member House delegation have now added their name to the bill. The House bill now has 143 co-sponsors while the Senate bill has 21.

Senate Majority Leader Harry Reid (D-NV) has promised a Senate vote before year’s end. House action is expected immediately following the Senate vote.

CUNA has launched a lame-duck MBL push, which includes a National Hike-the-Hill on Wednesday, November 28th. Credit union professionals and volunteers, as well as small business-owning members, were invited to join the NJCUL on this important Hike.


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