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Video archive of the US Congress

Senate Proceeding on May 14th, 2009 :: 8:19:00 to 8:21:20
Total video length: 9 hours 49 minutes Stream Tools: Stream Overview | Edit Time

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Mark Pryor

8:18:56 to 8:19:00( Edit History Discussion )

Mark Pryor: that time an amendment that can provide real relief to small businesses that need all the

Mary Landrieu

8:19:00 to 8:21:20( Edit History Discussion )
Speech By: Mary Landrieu

Mary Landrieu

8:19:01 to 8:19:21( Edit History Discussion )

Mary Landrieu: help they can get. we're not asking for artificially low rates to be set. we're not asking to tie credit card compani hands in the event that small businesses renege on their payment plans or are late paying. we're just saying if you are a business operating out there and

Mary Landrieu

8:19:22 to 8:19:42( Edit History Discussion )

Mary Landrieu: you have paid your bills on time, you are paying your credit cards, you are meeting your obligations, your rates cannot arbitrarily be raised. we understand contracts between business people. this is not the government stepping in to try to negotiate.

Mary Landrieu

8:19:43 to 8:20:03( Edit History Discussion )

Mary Landrieu: this is simply a level playing field between consumers and small businesses. so again because 69% of businesses in america today are relying on credit cards to finance their here to say, and our committee will be back saying to the

Mary Landrieu

8:20:04 to 8:20:24( Edit History Discussion )

Mary Landrieu: members of the senate, we must get our eyes on small business, onheir access to credit, on their ability to survive so that the recovery can take root and we can create the kind of jobs that will be necessary. so i'm sorry because of nstraints, the unwillingness

Mary Landrieu

8:20:25 to 8:20:45( Edit History Discussion )

Mary Landrieu: of some here to be cooperative but i want to thank the chair of the committee for senator dodd allowing our committee to have jurisdiction and i can promise the comir of that cmittee this amendment will be on the bill when our bill comes to the floor for consideration. and we will get a vote. if people want to vote against

Mary Landrieu

8:20:46 to 8:21:07( Edit History Discussion )

Mary Landrieu: ourmendment, something may not be exact -- fine, let them vote against it. but i want the record to be clear there are a number of members of the senate, hopefully a majority, that believe the same presentations extended to consumers for their credit cards would be extended to businesses in south america, small

Mary Landrieu

8:21:08 to 8:21:20( Edit History Discussion )

Mary Landrieu: businesses -- in america, small businesses, 50 employees or less with at least a $25,000 limit on their credit card. it will not be every business in america that will get coughed

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