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. Labels: 110th Congress, Economic Development, Issues, Small Business, Tim Walberg, Walberg Voting Record
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Venture Capital Firms To Get Government Small Business Contracts Under H.R. 3567. Here is our (ASBL.com) explanation of 3567.
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http://www.asbl.com/showmedia.php?id=610 LA Times http://www.latimes.com/business/printedition/la-fi-smallbiz27sep27,0,677623.story?coll=la-headlines-pe-business Subscribe to Post Comments [Atom] << Home ArchivesAugust 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 |