Appropriates funds for the business loans program of the Small Business Administration (SBA), to be used for small business loan fee reductions and eliminations and small business loan guarantees authorized under the American Recovery and Reinvestment Act of 2009 (ARRA).
Amends ARRA to extend through 2010 the above fee reduction and loan guarantee programs. Appropriates funds to cover such extensions.
Rescinds specified funds under ARRA to offset increases resulting from appropriations under this Act.