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For example, Senator Warner emphasized the need to expand the nation’s export capabilities. Mr. Bell echoed those views, calling exports the “number one market expansion opportunity for small business and frankly for all business. ” Bell also called for the government to finalize three pending trade agreements coming before the Congress. In addition, panelists discussed small businesses’ access to government contracts. Jorge Corralejo, Chairman of the Latino Business Chamber of Greater Los Angeles, addressed the need for more public data on the share of government contracts awarded to small businesses: “ou cannot analyze what you’re doing with the small business sector if you don’t know what’s going on…that kind of analysis is really critical to dealing with unemployment, dealing with contracting, dealing with lending. ”A wide range of policies has been established to help restore the real estate sector and address its impact on small business credit. For example, FDIC Chairman Bair highlighted federal regulators’ recent policy statement on commercial real estate loans: “e do not want our examiners criticizing an otherwise creditworthy loan just because the collateral has declined…a supervisory policy that requires criticism that additional capital be held against the loan just the collateral has fallen is highly pro cyclical, and we wanted to avoid that. ” However, forum participants stressed the need for additional action on several fronts. In the near term, foreclosures remain a pressing concern. As Kathleen Sowa, National Business Credit Executive at Bank of America, put it, “I think we need to get the foreclosures behind us…e still have a lot of people…that can’t… afford to be in their homes…etting that problem behind us is very important for small business to move forward.
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We want them to…make safe and sound loans.
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Bell of the U. S. Chamber of Commerce acknowledged the temporary extension of tax relief passed in December: “The activities of December will have a very, very positive effect I think on the overall economic environment, but particularly with regard to small business of confirming the tax rates, even though it’s only two years. ”4Panelists offered additional policy recommendations to support the operating environment for small businesses. For example, Senator Warner emphasized the need to expand the nation’s export capabilities. Mr.