$30 Million Small Business Lending Boost
Senate Votes to Include $30 Billion Lending Fund in Small Business Aid Package
The controversial amendment is now part of a bill that could go before the Senate next week.
Small business lending may get a boost thanks to a controversial $30 billion fund for community banks.
The Senate voted late Thursday 60-37 to include the proposed program — which would direct up to $30 billion in taxpayer money via regional banks — in a package of aid for small businesses. Two Republicans joined with Democrats to support the amendment. President Barack Obama also supports the measure.