Lawmakers in Congress Press for Changes in Small Business Aid Program

WASHINGTON—The federal government’s $670 billion program to aid small businesses will come under a spotlight when Congress rolls back into action, with many lawmakers planning to target what they say are shortcomings in the program.

Proposals include extending the number of weeks that small businesses can spend money from the government’s forgivable loans under the Paycheck Protection Program, and allowing businesses to use more of the funds for overhead costs.

Opening up Oregon businesses would be a good start.

OpenUpAmerica

WydenPress Thats a lie. there is no virtus, you raped and m,urdered those people for their emails

Lol - his state (pop: 4m; 200 deaths) just extended the shutdown at least through the middle of June Maybe start with head-checking your governor

If you need any help in professional video editing feel free contact with me.

“I am a US senator/congressman and I care about my job. Sucks that your small business is gone, but the trend is to reinforce the wealthy, remember Wall Street being bailed out?

Your Government is so inept. I would be totally embarrassed as a citizen.

How about everybody just go back to work there is a 99% chance of survival with the Coronavirus and it's probably even higher than that due to many asymptomatic cases! OPENAMERICANOW

It has to be something in the writing that the billionaires got 282 billion richer while over 30 million people lost their jobs. Something ain't right fix that asap. People standing in lines long as I-95 to feed their families. They getting fat and people are struggling bad.

They will look at everything except their loosely structure bill.

Question: what happens to businesses that take out loans but reopen before the loan is fully used? Do they have to return the money? Is anyone even tracking?

Why is I so fucking hard for yall to just pass UBI

Why don't you do something about getting back to work.

Shortcomings ? Mental and physical shortcomings, absolutely. trump will block his crooked dealings all the way.

The shortcomings consist of more money for individual politician's projects, so that they have something to say to get reelected

Where is Congress ? Why haven't been in Washington ?

How can they target the entire democrat party? Seems like a big task

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small-business owners could face jail time as DOJ launches investigation into coronavirus loan programCompanies that are found to have misled the government about the necessity of the small business emergency loans could face penalties ranging from a loss of loan forgiveness to jail time. Hopefully they're starting with the companies that took the loans despite needing the loophole to qualify as anything other than a national chain... Small businesses? What about the banks who crashed the economy in 2007? How about the mega corporations who use the media to sway public opinion? How many Billionaires are going to get sued for all their fleecing?
Source: MarketWatch - 🏆 3. / 97 Read more »

JPMorgan says its coronavirus relief loans were mostly small in amount and for tiny companiesA replenishment in the heavily criticized Paycheck Protection Program resulted in a firehose of small business lending from JPMorgan Chase, the financial institution said '🎶 Another day older and-a deeper in debt 🎶' I love the use of “firehose” as the choice word. CNN can spin anything remotely positive into Trump is evil so quick. Really? Filed with Chase first day of first round. After funding dried up got an email saying I was in Stage 3 (ready for SBA submission). Monday the 2nd round opened filed with Lendio & was funded 3 days. Chase doesn’t work for small business. And will no longer be my bank.
Source: CNN - 🏆 4. / 95 Read more »