    [Public Papers of the Presidents of the United States: William J. Clinton (1995, Book II)]
    [October 12, 1995]
    [Page 1583]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Signing the Small Business Lending Enhancement Act of 1995
    October 12, 1995

        I am pleased to sign into law today S. 895, the ``Small Business
    Lending Enhancement Act of 1995.'' This Act would, among other things,
    establish new guarantee levels for guaranteed loan programs of the Small
    Business Administration (SBA).
        S. 895, which the Congress passed at my Administration's urging,
    contains important elements of the Vice President's National Performance
    Review proposals and SBA's reinvention proposal. The Act is also
    consistent with recommendations from this spring's White House
    Conference on Small Business.
        S. 895 reduces the Government's cost of small business financing,
    thereby enabling even more customers to be served. With the program
    reforms contained in this Act, SBA will be able to extend up to $33
    million in additional loan guarantees per day with no additional cost to
    the taxpayer.
        I am pleased to sign this measure into law because it reflects my
    Administration's commit-

    [[Page 1583]]

    ment to customer service and to ``doing more with less.''

                                                          William J. Clinton

    The White House,

    October 12, 1995.

    Note: S. 895, approved October 12, was assigned Public Law No. 104-36.