Statement by the Press Secretary: President Bush Signs H.R. 1777 and H.R. 6984 Into Law

On Tuesday, September 30, 2008, the President signed into law:

H.R. 1777, the "Need-Based Educational Aid Act of 2008," which extends until September 30, 2015, the current exemption to antitrust law that permits two or more colleges or universities that admit all students on a need-blind basis to use common principles of analysis for determining the students' need for financial aid; and

H.R. 6984, the "Federal Aviation Administration Extension Act of 2008," which extends through March 31, 2009, authorities to: collect taxes that fund the Airport and Airway Trust Fund; make expenditures from the Airport and Airway Trust Fund; and make grants to airports under the Airport Improvement Program.