Survey project finds Main Street small business owners at odds with big banks and DC business lobby on financial reform, consumer protection agency
IOWA - On Thursday, on the heels of a State of the Union address certain to feature the Obama Administration's new proposals for Wall Street reforms, the Iowa Main Street Alliance will hold a press conference call to release a new report on small business experiences with the financial crisis and views on financial reform. The call will begin at 1:30 pm, conferencing details below. The report is based on a survey of more than 1,200 small business owners from 14 states, including Iowa.
Small businesses, key to job creation strategies and economic recovery, could prove a pivotal voice in an unfolding debate where the DC-based business lobby has sided with the country's biggest banks in opposing financial reforms even as small businesses continue to pay the price in lost business and frozen credit for the reckless Wall Street activities caused the financial crisis.
The House of Representatives has passed a financial reform bill, HR 4173, the "Wall Street and Consumer Protection Act of 2009." The Senate Banking Committee is readying a bill for markup in the coming weeks.
