WASHINGTON, July 23 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA), Chairman of the Congressional Urban Caucus, issues the following statement concerning Senate action on a $30 billion amendment to authorize loans for small business:

"The Senate is to be commended for taking a significant step toward loosening credit and spurring recovery for small businesses nationwide. As part of the broader small business bill, senators moved ahead Thursday to authorize $30 billion in loans that essentially mean Main Street bankers helping Main Street businesses. Faced with an uphill struggle, Senators Mary L. Landrieu and Pennsylvania's Bob Casey deserve special commendation for their leadership in developing and guiding this amendment toward passage."

SOURCE Office of Congressman Chaka Fattah