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Did South Dakota's Johnson Throw a Wet Blanket on MBL?

Senator advises colleagues "to move forward carefully."

By Heather Anderson | Updated on April 30, 2012

Did Sen. Tim Johnson (D-S.D.) curb Senate support for raising the member business lending cap when he called the legislation “a controversial matter” on the Senate floor?

On March 19, Johnson spoke in favor of his amendment to the Jump Start Our Business Startups Act, which would have reauthorized the Import-Export Bank. While speaking about his bill, Johnson also addressed Sen. Mark Udall’s (D-Colo.) attempt to attach credit union member business lending legislation to the JOBS Act.

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