Friday, December 16, 2011 10:28:00 AM
WASHINGTON – Congressman Frank LoBiondo’s (R-2) name has officially been added as a co-sponsor to the Small Business Lending Enhancement Act (H.R. 1418), which would increase the credit union member business lending (MBL) cap. During his Credit Union House visit Tuesday he told he told N.J. credit union advocates there for the NJCUL’s NJ Day at Credit Union House that his office had already submitted the paperwork.
LoBiondo was an MBL reform co-sponsor in the 111th Congress.
In addition to LoBiondo, N.J. delegation members Andrews (D-1), Holt (D-12), Pallone (D-6), Rothman (D-9), Payne (D-10), and Pascrell (D-8) have added their names to the bill since the 112th Congress convened in January.
With the addition of LoBiondo, seven out of N.J.’s 13-member House delegation have added their name to the bill, a net gain of one over the last Congress.
“We will continue to recruit co-sponsors, and leave no stone unturned,” said NJCUL President/CEO Paul Gentile. “Now that we’ve secured all our past sponsors, we’re setting our sights on getting additional new names on the bill,” he continued.
The nationwide MBL reform Call-to-Action continues. New Jersey credit union professionals, volunteers, and members are urged to visit NJCUL’s Web site where they can easily send a pre-drafted email or letter to their Washington lawmakers in support of MBL reform. New Jersey’s active participation is very important because Senator Robert Menendez (D) and Congressman Scott Garrett (R-5) serve on committees that will prove key weigh-stations for the legislation.
The NJCUL Online Grassroots Action Center is available at: www.capwiz.com/cuna/nj/home.