House votes to ease restrictions on coronavirus small business loans

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House passes bill designed to give small businesses owners more flexibility in how they spend money from a key coronavirus aid program. - CNBC

The House passed a bill to make changes to the key small business aid program passed in response to the coronavirus pandemic.

The chamber approved the legislation in a nearly unanimous 417-1 vote. The Senate has put forward a plan similar to the House bill, but has not yet passed it. Senators will not convene again until next week.

 

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