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Washington
House approves extending biz loan guarantee
WASHINGTON (3/25/10)— The House voted 239-175 in favor of H.R. 4899, the Disaster Relief and Summer Jobs Act of 2010, yesterday afternoon. The bill, in part, extends the Stimulus Act's small business loan guarantees and fee reductions until the end of April. The guarantee and fee provisions are due to expire at the end of March. For the extension to take place, the Senate and House must pass identical bills, the result fo which would then have to be signed into law by the president. The House vote Wednesday follows by three weeks President Obama’s signing of a law to extend funding for the National Flood Insurance Program, certain other Stimulus Act small business loan guarantee programs, federal unemployment insurance, COBRA health insurance benefits, and other select federal programs. Most of those extensions, however, expire at the end of this month.


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