Senate Minority Leader Chuck Schumer speaks at a press conference at Corona Plaza in Queens on April 14, 2020 in New York City.Sen. Chuck Schumer said on Tuesday that he believes the Senate will pass an additional relief bill for small businesses later in the day.
The government has been under pressure to replenish a fund allocated to small businesses as part of a Paycheck Protection Program program created by the $2.2 trillion relief bill passed last month. Those funds, which totaled $349 billion, ran out last week. As of Sunday night, Democrats and Republicans were negotiating a deal that would allocate $310 billion more into the Paycheck Protection Program, setting aside $60 billion of that sum for rural and minority groups. Another $60 billion would go to the Economic Injury Disaster Loan program, a separate program offering loans for small businesses administered by the Small Business Association.
Might as well go ahead and start working on the next one after that because there is no end in sight.
Sure as hell hope SenSchumer, SpeakerPelosi, HouseDemocrats and SenateDems have all the bases covered on this next PPP funding. Now that everyone knows there's cronyism going on D's will pay as heavy a price ad R's if oversight is not strong.
finally!