The U.S. Senate by unanimous consent cleared the House-passed bill to extend the Paycheck Protection Program. The bill: Extends the PPP loan forgiveness period to include costs incurred over 24 weeks after a loan is issued or through December 31, whichever comes first. Businesses that received a loan before the […]
Washington Update: June 1
06.02.2020
House appropriators will start their markup season in late June, about a month and a half later than usual, racing to get bills out of the committee in the middle of the summer under a condensed legislative schedule due to the coronavirus. The House does not have any floor votes […]
Washington Update: May 28
05.28.2020
Today, the U.S. House passed a bill that relaxes several restrictions on companies that borrow money through the Paycheck Protection Program (PPP). The bill extends the current eight-week period during which businesses must use funds to have loans forgiven to 24 weeks or Dec. 31, whichever comes sooner. House Majority […]
The House will vote next week on a bipartisan proposal to make the popular small-business Paycheck Protection Program (PPP) more flexible and extend the time limit for using the aid, House Speaker Nancy Pelosi said today. Moving ahead on the proposal with Republican support would allow Congress to get around […]
Washington Update: May 19
05.19.2020
Last week, House Democrats announced their priorities for the next phase of COVID-19 response legislation by passing the Heroes Act. The bill, which is widely viewed as “dead on arrival” in the Senate and comes with a price tag of nearly $3 trillion, serves as House Democratic Leadership’s opening offer […]
