Statement by the Press Secretary on H.R. 4938 and S. 3186

On Friday, March 26, 2010, the President signed into law:

H.R. 4938, which extends temporary authority under the American Recovery and Reinvestment Act (ARRA) to guarantee up to 90 percent of loans in the Small Business Administration’s section 7(a) Loan Program through April 30, 2010; and permits the use of previously appropriated funds to cover the costs of temporary fee reductions and eliminations and of increased guarantees authorized under ARRA for specified Small Business Administration loan programs;

S. 3186, the "Satellite Television Extension Act of 2010," which extends though 4/30/10, authorities for the retransmission of television broadcasts by satellite television providers.