[The Non-Euclidean Blog] 8/10/2009 12:14:00 PM

[NEB]

S. 1513: A bill to provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes
Sponsor: Sen. Mary Landrieu (D-LA)
Introduced: July 24, 2009
Enacted: July 31, 2009

President Obama has enacted legislation to briefly extend the life of programs dedicated to assisting small businesses.

This bill is a "kick the can down the road" measure, extending the aforementioned programs a mere two months. Most significantly affected are programs dedicated to spurring research and development by small tech firms. This gives Congress a little breathing room to decide on a long-term reauthorization strategy; most particularly, settling the standards for who exactly gets to enjoy the generous funding Congress gave the president for small business assistance.

It must be nerve-wracking to have the verdict on your future—and possibly your existence—postponed for another two months.

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Posted By NEB to The Non-Euclidean Blog at 8/10/2009 12:14:00 PM