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Content about American Recovery and Reinvestment Act

August 4, 2010
Small-Business Bill Blocked

WASHINGTON — Senate Republicans have blocked a bill to increase small-business lending. The House passed a version June 18.

The legislation was designed to provide $30 billion to small banks to boost lending to small businesses. The bill also included other provisions intended to aid small businesses, such as $11.7 billion in tax breaks for investing in new equipment or the sale of small-business stock.

March 8, 2010
Proposed Amendment May Create Small-Business Jobs

WASHINGTON — Sen. John Thune (R-S.D.) introduced an amendment last week to a tax extender bill currently before the Senate that would create and expand small-business tax incentives. The incentives are targeted at helping small businesses invest in new capital and hire workers.

Sen. Thune has proposed redirecting unspent portions of last year’s $862 billion stimulus bill to fully pay for the proposals in his amendment, which is endorsed by the National Federation of Independent Business (NFIB).

December 29, 2009
Senate Extends Stimulus Provisions for SBA Loans to February

WASHINGTON — The Senate has temporarily extended funding for two stimulus provisions that reduced fees and boosted guarantees on Small Business Administration (SBA) loans, according to a Wall Street Journal report.

November 30, 2009
SBA Requests Additional Stimulus Money for Loans.

NEW YORK — The Small Business Administration (SBA) told CNN Money last week that it has run out of the $375 million Congress provided to help it spur new investment.

February 18, 2009
Obama Signs $787 Billion Stimulus Bill

WASHINGTON — President Barack Obama signed the $787 billion stimulus bill in Denver yesterday. The legislation, which combines $281 billion in tax cuts for individuals and businesses with more than a half-trillion dollars in government spending, is meant to reinvigorate job creation, consumer spending and public optimism.

February 11, 2009
$838 Billion Stimulus Bill Narrowly Survives Senate Test Vote

WASHINGTON — An $838 billion economic stimulus bill backed by the White House narrowly advanced in the Senate Monday over strong Republican opposition. The vote was 61-36, one more than the 60 needed to move forward. Democratic leaders promise to deliver the emergency legislation to President Barack Obama for his signature in a few days, after the House negotiates a final compromise on the bill.

February 3, 2009
Economic Stimulus Package Passes House with Small-Business Provisions

WASHINGTON — President Barack Obama’s $819 billion economic-stimulus legislation passed in a surprisingly partisan vote in the House, where Republicans united in opposition with 11 conservative Democrats. The package includes a number of small-business provisions designed to make loans more affordable.