Rep. John Garamendi Votes to Create and Preserve Jobs with Support of Three Small Business-Friendly Bills
WASHINGTON, DC – Congressman John Garamendi, (D-Walnut Creek, California), voted for three bills – H.R. 3737, H.R. 1838, and H.R. 1845 – that will strengthen small businesses and help create and preserve jobs in the 10th Congressional District and the nation at large.
"Small businesses are the lifeblood of the American economy, and with the passage of these three bills, we can continue the important work of moving our economy forward with job creation," said Rep. Garamendi, former chair of the California Commission for Economic Development. "Small businesses have generated 64 percent of all net new jobs over the past 15 years, and with the passage of these good business-friendly bills, small business owners will find it a little easier to continue their important contributions to our nation."
H.R. 3737 by Rep. Brad Ellsworth (D-Indiana), the Small Business Microlending Expansion Act of 2009, removes the requirement that microloans for small businesses be short-term, increases eligibility for program participation, increases borrowing limits, and lowers interest rates for some borrowers.
H.R. 1838 by Rep. Mary Fallin (R-Oklahoma), amends Small Business Act language related to the women's business centers program to require funds approved for a women's business center be distributed no later than one month after its application is approved.
H.R. 1845 by Rep. Aaron Schock (R-Illinois), the Small Business Development Centers Modernization Act of 2009, amends Small Business Act language related to small business development centers, requiring institutions of higher education that are provided SBDC grants be accredited and eliminating the matching funds requirement with respect to SBDC grant programs conducted in areas in which a disaster has occurred.
The House passed each bill and will send them to the Senate for consideration.
As chair of the California Commission for Economic Development, then-Lieutenant Governor Garamendi met with business and labor leaders from more than a half dozen industries to craft economic development strategies to create jobs throughout California. As chair of the State Senate Revenue and Taxation Committee, Garamendi considered the fiscal merit of hundreds of bills and authored bills signed into law that brought billions of dollars to California’s transportation infrastructure and schools. Garamendi is the author of one of the nation’s first alternative energy tax credits and continues to advocate for expanded investments in clean technology and green jobs.