Thursday, October 25, 2007

Small Business Investment Expansion Act - Walberg Votes No

As I continue to try to catch up with the Walberg Voting Record...

On September 27, 2007, the House of Representatives took up HR 3567, the Small Business Investment Expansion Act of 2007. A summary of the bill can be found here. The cost is given as less than a dollar per American in 2008.

There's a provision in the bill which allows more federal dollars to go toward businesses which have already have a certain amount of private money from venture capitalists, allowing the Small Business Administration's investment programs to help more companies.

At least, I think that's what it does. Part of the problem with the kind of blogging that I do is that I'm trying to educate myself on a wide variety of issues with which I am unfamiliar, all in my free time. (And not even using all of my free time, because, believe it or not, Fitzy tries to have a social life, too.)

So if there's someone out there that can make sense out of it, please, say so in the comments. I'd love to hear from an expert. I've seen arguments in favor and arguments against. Frankly, I'm not sure what's good or bad about this, and I'd love to hear from you. (Though please, if you do your own research, use less biased sources than the two I just gave you!)

What I do know, however, is that the vast majority of members of the House of Representatives seemed to think the bill was a good idea. It passed, by a vote of 325 to 72.

Congressman Tim Walberg voted No. He was the only member of the Michigan delegation to vote against the bill. Everyone else (except Congressman Dingell and Congressman Hoekstra-- they didn't vote) supported the bill.

So, either Congressman Walberg is a principled visionary, standing up for what's right, or obstinate and stubborn, and won't vote for something everyone else can agree is a good thing.

Based solely on what I've seen from him before, I'm going to guess it's the second one. But that's just me.

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Venture Capital Firms To Get Government Small Business Contracts Under H.R. 3567. Here is our ( explanation of 3567.

LA Times,0,677623.story?coll=la-headlines-pe-business
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