WASHINGTON (9/23/09)—As Congress addresses financial regulatory restructuring, it embraces the perfect opportunity to help America’s small businesses increase access to needed capital by allowing credit unions to make more small business loans to their members, Credit Union National Association (CUNA) Chief Economist Bill Hampel will tell a House committee today. Testifying before the House Small Business Committee at its hearing entitled “The Impact of Financial Regulatory Restructuring on Small Businesses and Community Lenders,” Hampel will urge enactment of legislation that will "restore credit unions’ ability to serve the lending needs of their business-owning members." Watch News Now
Thursday for hearing coverage. Hampel is among 10 witnesses scheduled over two panels:
* Panel 1: Robert R. Harris, vice chair of the American Institute of Certified Public Accountants; Trevor Loy on behalf of the National Venture Capital Association; David T. Hirschmann for the U.S. Chamber of Commerce; Mike Anderson on behalf of the National Association of Mortgage Brokers; and J. Douglas Robinson on behalf of Property Casualty Insurers Association of America. * Panel 2: CUNA’s Hampel; Austin Roberts on behalf of the American Bankers Association; James D. MacPhee on behalf of Independent Community Bankers of America; Dawn Donovan on behalf of the National Association of Federal Credit Unions; and John Moloney on behalf of Securities Industry and Financial Markets Association.