some, like karen teague, a small 'tising firm, says because -- advertising firm, says because she can't get a simple line of credit, she was forced to lay off workers. it's no secret why small businesses are struggling. mr. peters: wall street banks admitted that they reduced their banks in michigan as well as other states and small local lenders don't have enough capital to lend. i have been fighting for the past year for action to help solve this problem, and the bill before us today will create a $30 billion fund to promote small business lending. small local lenders can leverage this funding into $300 billion in loans for small businesses. but because local lenders will pay the investment back with interest, the nonpartisan c.b.o. says that taxpayers will earn a projected $1 billion. it's not often that a single action can create a multitude of jobs across this country and reduce the deficit at the same time. enacting this bill will do just that. in michigan our manufacturers are struggling particularly hard to get access to credit. as our assets decline in value, they have less col