Legislation was introduced last week that could extend certain unemployment benefits and expiring tax provisions through the end of the year. The legislation is being called the American Jobs and Closing Loopholes Act of 2010.
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According to the Senate Committee on Finance, the legislation would:

* Provide tax relief to organizations to encourage the growth and creation of jobs
* Provide tax cuts
* Create small business loan programs
* Expand career training programs for jobseekers
* Extend eligibility for unemployment insurance benefits, COBRA health care tax credits, and other programs through December 31, 2010
* Ensure that seniors, military service members, and people with disabilities continue to have access to medical professionals
* Close tax loopholes for investment fund managers and foreign operations of multinational companies

In addition, the legislation could make several changes to disaster response in the areas of:

* Oil spill response
* National Flood insurance
* Main safety
* Federally-declared disaster areas
* Agriculture disaster relief