Today, the Senate just passed a new nearly $500 billion coronavirus spending bill aimed mostly at replenishing the small business loan program, aka the Paycheck Protection Program, which had entirely run out of funds within the first weeks of the CARES Act being implemented. Many had complained that the small business program funding had been eaten up quickly by medium to larger businesses that were better prepared to apply quickly to the program.
This bill provides $350 billion to the program and foreshadows new bills that will likely be in the works in the coming weeks. It will likely pass the House and be signed by President Trump by the end of the week.
https://www.politico.com/news/2020/04/21/senate-coronavirus-relief-package-197983
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