Paraphrasing is paraphrasing; MLA and APA guidelines are primarily there to regulate the format of your papers and the citation of your references.
For MLA: http://owl.english.purdue.edu/owl/resource/747/01/
For APA: http://owl.english.purdue.edu/owl/resource/560/01/
How to paraphrase:
Try paraphrasing that paragraph (read it over several times; then cover the paragraph and write what it says in your own words), and re-post. Someone here will check it for you.
Give the citation a try, too. If none of the information in the APA link above makes sense, try this: http://blog.apastyle.org/apastyle/2009/10/how-to-cite-a-speech-in-apa-style.html
Re-post when you're ready.