Congress approves Small Business Aid Bill

Small Business Aid BillCongress has just approved the Small Business Aid Bill which establishes a $30 billion government fund to help Main Street banks lend to small businesses. It also would cut taxes on both big and small businesses and boost Small Business Administration loan programs. The bill passed through the Senate last Thursday by a 61-39 vote and it made it through the House today with a 237-187 vote that split along party lines.

The bill now heads to President Obama’s desk where it will be signed. We’ll have more on this news in a future blog post but in the meantime, but here is a good article from the San Francisco Chronicle about why small businesses should be excited about this bill.

6 Reasons to be Excited About the Small Business Jobs Act [SF Chronicle]

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