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Congressman Mike Thompson (D-CA) today announced that Redwood Capital Bancorp in Eureka has received $7.3 million through the Small Business Lending Fund (SBLF). The SBLF, which was established as part the Small Business Jobs Act of 2010 that Rep. Thompson supported, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs.

“Small businesses are the backbone of our economy, and Redwood Capital will be providing the capital they need to grow and thrive,” said Rep. Thompson.

Congressman Mike Thompson (D-CA), a senior member of the House Committee on Ways and Means, issued the following statement today after Senate leaders announced an agreement on a short-term extension of the Federal Aviation Administration (FAA):

“I am pleased that House and Senate leadership, working with the White House, have come to a solution that addresses Congress' inaction on the FAA reauthorization,” said Rep. Thompson.

Congressman Mike Thompson (D-CA), a senior member of the House Committee on Ways and Means, today sent a letter to House Speaker John Boehner and Minority Leader Nancy Pelosi urging the House of Representatives to immediately consider a short-term extension of the Federal Aviation Administration (FAA). The current FAA funding authorization expired on July 22, 2011, causing a shutdown of most of the FAA's operations and aviation construction projects.

The nonpartisan council appointed by eighteen Western governors to advise on Western water issues today told the Natural Resources Committee that it opposes legislation that would threaten the delicate balance achieved in one of California's most important water systems and preempt state's rights and federal law. The Western States Water Council, in a letter sent to members of the Natural Resources Committee, joined a growing list of stakeholders who oppose the legislation proposed by Rep. Devin Nunes (R-Calif.).

Congressman Mike Thompson (D-CA), a senior member of the House Committee on Ways and Means, today issued the following statement after voting for legislation to avoid a default on our nation's financial obligations:

“I voted for the compromise legislation to avoid defaulting on our nation's debt. Given that our nation was hours away from defaulting on its obligations, I felt a responsibility to vote yes.”

Congressman Mike Thompson (D-CA), a senior member of the House Committee on Ways and Means, today urged domestic air carriers to stop charging passengers for the cost of federal aviation taxes on their tickets in a bipartisan letter to the Air Transport Association. These taxes expired last week after Congress failed to pass a funding extension for the Federal Aviation Administration (FAA), but some airlines have continued to include the cost of the tax in their ticket prices.

“The bottom line is consumers are being taken advantage of by some of the airlines,” said Rep. Thompson.