LeMieux to Support Small Business Legislation, Lending Fund

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Senator George LeMieux (R-FL) “on Thursday said he’s on board with the Democratic-written small-business incentives bill,” The Hill reports.

In comments to reporters and in a subsequent floor speech, LeMieux said he will support an amendment to establish a small-business lending fund, a $30 billion lending pool for banks to lend to businesses struggling with foreclosure.

LeMieux was approached earlier this week by Democratic leaders about the lending fund provision in the bill. He told The Hill that he was considering supporting it since he’s been approached by several business groups in Florida and that the state’s small-business community was struggling.

On Thursday, LeMieux said he supported the provision as well as the entire bill.

It is “unclear if LeMieux would make the necessary 60th vote, but his support is key since Sen. Olympia Snowe (R-Maine) is now considered a non-supporter.”

(credit image – daylife/associated press)

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