Obama Asks For $30B To Support Small Bank Lending

Law360, New York (February 2, 2010, 1:59 PM EST) -- President Barack Obama on Tuesday proposed transferring $30 billion from the Troubled Asset Relief Program to create a new small business lending fund, which would provide funds and lending incentives to the community and smaller banks that provide the most support to small businesses.

Obama outlined the details of the plan during a town hall meeting in Nashua, N.H., as part of the broad job-creation and small business legislative package the president is submitting to Congress, first announced during last week's State of the Union address....
To view the full article, register now.