On February 14, Rep. Ed Royce (R-California) reintroduced the Credit Union Small Business Jobs Creation Act (HR 688), which would liberalize federal rules that currently restrict credit unions from allocating more than 12.25% of their assets to small business borrowers. The legislation would increase that lending cap to 27.5% for credit unions that meet stipulated requirements. The bill already has strong (and growing) cosponsorship, and although support is more bipartisan than it was last year, Democratic cosponsors currently outnumber Republicans by a ratio of about 1 to 4.
In response to concerns by some county commissioners that unidentified loggers in Alabama were not being held accountable for alleged damage to public roads, the state legislature passed what sounds like a very mild piece of legislation allowing (not requiring) counties to require loggers to provide “prior notice of intent” to use county roads or rights-of-way prior to operations.
At the close of 2012, Sustainable Forestry Initiative President Kathy Abusow summed up some significant signs that SFI is expanding and gaining credibility as a guarantor of sustainable forest management, pointing out: