Small businesses are the cornerstone of our economy. I support legislation to establish a lending fund to provide community banks with capital to increase small business lending. I also support investing in innovative state small business lending programs, providing tax incentives to purchase employee health insurance coverage, reducing regulatory burdens and unnecessary paperwork, and enacting measures to spur small business creation and new jobs.
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It might surprise many Georgians that, despite unprecedented job growth in the Atlanta area over the past 15 years, agriculture is Georgia’s largest industry, and still 1 out of 7 Georgians works in agriculture, forestry, or a related sector, according to the Georgia Farm Bureau. They contribute to the production of staple commodities included in some of our nation’s most commonly-used products. In fact, Georgia leads the nation in peanut, poultry, and pecan production, and is among the top producers of cotton, corn, eggs, and tomatoes.
WASHINGTON, DC—This afternoon, Congressman Sanford Bishop joined his colleagues in introducing the “Protection of Family Farmers Act of 2004,” which if enacted would extend authorization of Chapter 12 of the bankruptcy code. Chapter 12 provides a valuable bankruptcy option that allows struggling family farmers to reorganize their debt and protect their farms.