Obama signs small business bill into law

Legislation has support of restaurant groups

President Barack Obama signed into law Monday a multibillion-dollar aid package for small business that has the support of several industry associations.

At the signing ceremony, the president said the Small Business Jobs and Credit Act of 2010 would cut taxes and make more loans available for small businesses.

“It’s a great victory for America’s entrepreneurs,” Obama said.

Hear the rest of Obama's remarks on the bill:

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