President Obama will sign a $42 billion bill to aid small businesses Monday. The bill seeks to create thousands of jobs and will offer about $12 billion in tax breaks.
Last week, the House of Representatives approved the Small Business Jobs Act by a 237-187 vote.
The measure is also expected to create 500,000 jobs, according to a summary of the bill from the Senate.
Among other things, it would authorize the creation of a $30 billion fund run by the Treasury Department that would deliver ultra-cheap capital to banks with less than $10 billion in assets.
Full Story: Obama to sign $42 billion bill aimed at helping small businesses – CNN.com
