Senate passes extension of application deadline for PPP small-business loans
On Tuesday, the Senate passed legislation that extends the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP), that was set to expire at the end of June. The bill, which passed by unanimous consent, moves the deadline for applying for PPP loans (which go to businesses with fewer than […]
PPP will likely receive some needed tweaks
The much needed Payroll Protection Program (PPP) will likely be receiving much needed adjustments after a 417-1 vote in the House to do so yesterday. The legislation is expect to pass through the Senate in similar fashion. The main tweak to the loan program is to allow small businesses 24 weeks instead of 8 weeks […]
Potential changes and extensions to the PPP
On Friday afternoon, Senators Marco Rubio (R-FL), Ben Cardin (D-MD), Susan Collins (R-ME) and Jeanne Shaheen (D-NH) agreed on legislation that would make changes to the PPP. Their bill would: The bill sponsors are attempting to “hotline” this proposal through the Senate, a procedure that allows for quick consideration of legislation. This could happen as […]