U.S. House approves small business Paycheck Protection Program extension to May 31

  • 📰 Reuters
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The U.S. House of Representatives on Tuesday overwhelmingly approved a 60-day extension, to May 31, of the Paycheck Protection Program that helps small businesses stay afloat during the coronavirus pandemic.

The program, launched a year ago as part of a major COVID-19 aid bill, set loans for small businesses such as restaurants that were struggling as the United States went into a lockdown in an attempt to stop the spread of the coronavirus.

Nevertheless, millions of jobs have been lost in small and large businesses and more than 536,000 Americans have died from the highly-contagious disease.The House approved the extension on a 415-3 vote. PPP has “provided a lifeline to ‘mom and pop’ businesses across the country, including those in my district, who are simply trying to survive an unprecedented health and economic crisis,” said Democratic Representative Carolyn Bourdeaux of Georgia.

Representative Blaine Luetkemeyer, the senior Republican on the House Small Business Committee, said some businesses have experienced delays in processing grant applications, which would not be resolved before the program expires on March 31. Addressing that problem, the bill also would set a 30-day period beyond May 31 for the Small Business Administration to finish processing the loans.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Please donate, share or retweet, help baby Joshua win his fight against acute lymphocytic leukemia (ALL)—blood cancer. He’s relying on the success of chemotherapy & a life-saving stem cell transplant. Please help to give Joshua a fighting chance:

In other news, 2 people died after a large cache of commercial grade fireworks stored at a home in Ontario exploded and sparked a fire Tuesday, forcing the evacuation of a nearby neighborhood &sending smoke aloft. ontarioexplosion

In other news, 2 people died after a large cache of commercial grade fireworks stored at a home in Ontario exploded and sparked a fire Tuesday, forcing the evacuation of a nearby neighborhood &sending smoke aloft. ontarioexplosion

I’m sure TomBrady will find a way to skim another mil.

This is a call of humanity To All Americans , we are a group of Iraqis interpreters & co workers who left behind while we worked side by side with US army and companies. We are asking for our rights to reactivate SIV /P2/IOM Who Can Help&support us to raise our voices ?

The fake news media must be held accountable for perjury! The presidency they conspired to steal, the American administrative system they conspired to steal, must be returned!

For how long

One more company completely removed Added more Pelaton $PTON, PinDuoDuo $PDD and Vuzix $VUZI Your Daily Dose of ARK info in a short video:

Where can you go for fun in your city?

as they had paycheck protection throughout the self imposed business closures

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker