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Capitol Report: Treasury says Paycheck Protection Program loans below $2 million typically won’t face audits
Updated guidance from the U.S. government suggests that about half of the PPP loans given to public companies don’t need to be returned......»»
Capitol Report: Congressional committee demands these 5 public companies return coronavirus loans meant for small businesses
A congressional committee tasked with overseeing coronavirus stimulus funds sent letters Friday afternoon to five public companies that took out Paycheck Protection Program loans demanding they repay the funds.....»»
Cannabis operators press for state-funded PPP program
Several cannabis operators testified during a virtual hearing in support of a bill that would establish a Massachusetts Paycheck Protection Program for those ineligible for the federal program......»»
Capitol Report: Small-business owners could face jail time as DOJ launches investigation into coronavirus loan program
The Justice Department has opened an investigation into companies that applied for loans under the Paycheck Protection Program, and businesses that provided misleading information could face jail sentences, experts say......»»
Capitol Report: Hotels asks Congress for more aid as industry’s revenue may drop by nearly 50%
A trade group representing the hotel industry on Monday asks top U.S. lawmakers to increase the maximum amount that hotels are allowed to borrow in the Paycheck Protection Program and make other changes......»»
House passes $484 billion coronavirus stimulus for small businesses and hospitals, sends bill to Trump
The $484 billion measure offers funds for the Paycheck Protection Program and sends more money to hospitals struggling because of .....»»
Capitol Report: House approves $484 billion bill that replenishes coronavirus aid program for small businesses
The Democratic-led House on Thursday voted overwhelmingly in favor of a measure that provides more money for a coronavirus aid program for small businesses. President Donald Trump is expected to sign the bill into law quickly......»»
House Needs to Fix PPP – Ensure Relief for Small Biz not Big Corps & Well-Connected
President Trump and Congress are set to spend hundreds of billions of dollars more on the SBA’s Paycheck Protection Program (PPP), but the bill that... The post House Needs to Fix PPP – Ensure Relief.....»»
Senate OKs bill to replenish virus small-business loan program
The Paycheck Protection Program, which provides loans to small businesses, was halted Thursday after it allocated all of its initial $349 billion......»»
Capitol Report: Trump says in tweet that he’ll sign deal on more coronavirus aid for small businesses, as Senate set to reconvene
President Donald Trump said Tuesday he’ll sign a deal that would replenish a loan program for small businesses devastated by the coronavirus crisis, after Senate Minority Leader Chuck Schumer said Democrats and Republicans had struck a deal......»»
Schumer says deal reached on more aid for small businesses
Senate Minority Leader Chuck Schumer on Tuesday said Democrats and Republicans had achieved a deal that would replenish the Paycheck Protection Program, a loan program for small businesses devastated by the coronavirus crisis. The New York Democrat .....»»
Capitol Report: Lawmakers still negotiating over boosting aid program for small businesses, as money looks set to run out today
U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»
Capitol Report: Coronavirus aid program for small businesses to get more money this week, lawmakers say
Top U.S. lawmakers say Tuesday that they’re working across party lines to set aside additional coronavirus aid for small businesses this week, after high demand for the new Paycheck Protection Program created in Washington’s response to the pandemic......»»
Capitol Report: Senate approves $2 trillion coronavirus-aid bill, sending measure to House for vote
The Senate late Wednesday approved a sweeping package designed to cushion the impact of the coronavirus outbreak on Americans, sending the measure to the House of Representatives for a planned vote on Friday......»»
Capitol Report: McConnell predicts passage today of coronavirus aid bill in Senate
The U.S. Senate on Wednesday was moving to approve a sweeping package designed to cushion the blow of the coronavirus on Americans, as the pandemic gut-punches the economy and newly detected cases increase......»»
Capitol Report: McConnell, Pelosi and Schumer all say a deal on coronavirus stimulus is close
Top Democrats and Republicans on Tuesday were optimistic that a compromise trillion-dollar coronavirus economic stimulus bill would be agreed to later in the day, as stocks soared on optimism over an emerging plan......»»
Capitol Report: McConnell, Pelosi, Schumer say deal on coronavirus stimulus is close
Top Democrats and Republicans on Tuesday were optimistic that a compromise trillion-dollar coronavirus economic stimulus bill would be agreed to later in the day, as stocks soared on optimism over an emerging plan......»»
Capitol Report: Coronavirus rescue package stumbles in Senate
An effort by Senate Republicans to swiftly pass a coronavirus stimulus measure hit a speed-bump when Democrats withheld support......»»
Capitol Report: Senate passes House’s coronavirus relief bill, turns its focus to broader stimulus
The Senate on Wednesday works to approve a House-passed coronavirus bill that targets paid leave and testing, as lawmakers and the Trump administration already look ahead to other, broader stimulus efforts......»»
Capitol Report: Senate aims to pass House’s coronavirus relief bill on Wednesday and turn its focus to broader stimulus
The Senate on Wednesday works to approve a House-passed coronavirus bill that targets paid leave and testing, as lawmakers and the Trump administration already look ahead to other, broader stimulus efforts......»»