Last week, President Obama announced plans for a new program to encourage small business lending, another important step in efforts to help businesses create jobs. Part of several job creation measures that Congress is considering, this proposal would use funding from the Troubled Asset Relief Program (TARP) to encourage community banks to lend to small businesses. The Senate is currently working on legislation to help encourage job creation, and in the coming weeks, the House will be working on one as well. As Democrats continue to work with President Obama, we are hopeful that Republicans will work with us to enact policies that will help create jobs for Americans.
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