In The News
The bipartisan effort of Congressmen Chip Roy (R-Texas) and Dean Phillips (D-Minn) to simplify how loan forgiveness works for the Paycheck Protection Program (PPP) is one of the smartest moves that I’ve seen legislators take over the last few weeks.
Federal legislation authored by Minnesota Democrat Dean Phillips to help cash-strapped businesses affected by the COVID-19 pandemic is on its way to the desk of President Donald Trump.
The U.S. Senate unanimously approved changes to the Paycheck Protection Program on Wednesday night. The House previously approved the measure on a vote of 417-1.
With only a single vote in opposition, the House of Representatives on Thursday voted to amend the Paycheck Protection Program (PPP) to extend repayment deadlines and loosen some of its spending rules.
On Thursday, the House is voting on not one, but two of Rep. Dean Phillips’ bills related to the Paycheck Protection Program (PPP), Federal loans established to help small businesses pay for payroll, rent, and utilities during the COVID-19 pandemic.
The House passed by an overwhelming margin Thursday a bill to cut small businesses more slack in how they use coronavirus lifeline loans.
The House overwhelmingly approved legislation on Thursday that would relax the terms of a federal loan program intended to help small businesses weather the pandemic, giving companies more time and flexibility to use the money.
The House approved a bipartisan bill that would loosen requirements on hundreds of billions of dollars in small-business loans, responding to concerns from employers struggling to stay open during the coronavirus pandemic.
The House voted Thursday to give small businesses financially strapped by the Covid-19 crisis more flexibility to spend forgivable loans for payrolls and expenses from the government’s popular Paycheck Protection Program.
Legislation to overhaul the Small Business Administration’s Paycheck Protection Program — and make its numerous provisions friendlier to restaurants and retail shops in particular — may come before the House of Representatives as soon as Thursday.
Today, Congressmen John Garamendi (D-CA) and Dean Phillips (D-MN) wrote to House and Senate leadership requesting that their legislation to provide for a national contact tracing and testing program for COVID-19 be included in any subsequent bicameral legislation.