was proposed back in May by Sens. Todd Young and Michael Bennet as a broader alternative to the Paycheck Protection Program, which at the time they said was insufficient for the needs of the small and mid-sized businesses hit hardest by the coronavirus pandemic.
The PPP, on the other hand, originally provided two year loans for businesses with up to 500 employees, with forgiveness tied to quickly hiring back all workers . The RESTART Act is targeted towards the businesses that have been hit hardest by the economic slowdown, so the amount of loan forgiveness would depend on the amount of revenue the recipient has lost.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
ByteDance is looking outside of the US for its new TikTok headquarters - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE ZIMBABWE IS GOING THROUGH A MASSIVE HUMAN RIGHTS ISSUE I hear shanghai is lovely this time of year. ZimbabweanLivesMatter
Source: BusinessInsider - 🏆 729. / 51 Read more »
Online art auctions are luring new bidders to the market: rich millennials under lockdown - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Pondering 'rich millennials'
Source: BusinessInsider - 🏆 729. / 51 Read more »
6 key slides that map out BP's new strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »