Obama Signs $42B Small Biz Bill
The Hill reports:
President Obama on Monday concluded a fierce fight with congressional Republicans by signing into law a $42 billion small-business bill.
President Obama on Monday concluded a fierce fight with congressional Republicans by signing into law a $42 billion small-business bill.
The signing ceremony ended a months-long battle over legislation Obama had hoped to move in July, before Congress entered a monthlong recess. Instead, the bill was approved by the House last week and will become law just more than a month before the crucial midterm elections.
Obama on Monday blamed Republicans for holding up the package, saying they had “needlessly delayed this relief."
At a signing ceremony in the White House East Room, where he was surrounded by small-business owners and lawmakers, Obama said the passage and signing of the bill is “a great victory for America's entrepreneurs.”
While the president thanked Sens. George Voinovich (Ohio) and George LeMieux (Fla.), the only two Republicans to support the bill, he castigated the rest of the GOP for blocking the bill in the Senate for months.
“I regret that this was blocked for months by the Republican minority,” Obama said. “And that needlessly delayed this relief.”
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