WASHINGTON — Sen. Rand Paul (R-Ky.) said Monday he would cosponsor legislation that would raise the cap on member business loans.
He didn't mention the issue in his speech during NAFCU's Congressional Caucus at the Mayflower Hotel, instead of focusing on broader budget and spending issues, but announced his support for the measure in response to a question from the audience.
Paul said he had always supported raising the cap and checked with his staff and that had been an oversight that he hadn't signed on to the measure yet.
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