Madam Speaker, today we will consider a short-term extension for programs in the Small Business Act and Small Business Investment Act. The measure extends the authorization of the Small Business Administration and these programs through March 20, 2009. This measure will ensure continued operations at the agency. The legislation comes before us at a time when the American economy is facing many challenges. Fallout from the subprime crisis is driving a tightening of the credit market, the average price of a gallon of gas is almost $4, and unemployment is rising. Entrepreneurs can help reverse these trends, if they have the proper tools. Throughout the 110th Congress, the Committee on Small Business has been working to improve and revitalize the economic environment for business activity. With nearly 20 bills passed out of the House, these reforms have been a collaborative and bipartisan effort. With the input of Ranking Member Chabot and other Members of this body, this has included major changes to SBA programs which affect millions of small businesses.
Editor's note · Context
Discussing a short-term extension for programs in the Small Business Act during House floor debate.
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