Plan Afoot to Extend PPP Deadline to May 31
WASHINGTON – A bipartisan bill to extend the Paycheck Protection Program to May 31 is gaining support in the House and the Senate and will likely be voted on before lawmakers head back to their districts at the end of the month.
The proposal to extend the small-business relief program was made by House Small Business Chair Nydia Velazquez, D-N.Y., and Blaine Luetkemeyer, R- Mo. A companion bill has been introduced in the senate by Sens. Susan Collins, R-Maine, and Jeanne Shaheen, D-N.H.
Without the bill or a similar measure, the program would end March 31. The House is expected to vote on the bill this week before members leave, not returning until mid-April.
“The demand for PPP loans right now is a testament to the program’s effectiveness and the lingering impacts of this pandemic. That’s why we cannot cut off aid now and this short-term extension is so important,” Velázquez said in a statement. “The bill will go a long way in helping small businesses provide for their employees and keep our economic recovery moving.”
Under the PPP Extension Act, small businesses will have two additional months to submit an application for a PPP loan, and the Small Business Administration will have until June 30 to close pending applications.
In The News
Health
Voting
In The News
WASHINGTON (AP) — The chairman of the House Homeland Security Committee, Bennie Thompson, didn't realize the severity of the Jan. 6 insurrection until his wife called him. He was inside the Capitol, sitting in the upper gallery of the House, hoping for what he called a... Read More
An investigation by the Paris-based journalism nonprofit Forbidden Stories and the human rights group Amnesty International revealed thousands of people were targeted by spyware developed by the Israel-based NSO Group Technologies. Hundreds of human rights activists, government officials, business executives and journalists worldwide had their cellphones... Read More
Heat waves across the country this year have shattered temperature records, and climate scientists expect it to keep getting worse. Some policy options for dealing with the lethal and inequitable impact of heat have been recommended by researchers. In addition to increasing risk for numerous health... Read More
The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting last week, a development - or lack of one - that appears capable of severely straining relations between the two countries a year after the new USMCA trade pact... Read More
WASHINGTON - A federal judge on Friday gave the U.S. Federal Trade Commission until Aug. 19 to file an amended complaint in its antitrust lawsuit against Facebook. In a filing with the U.S. District Court for the District of Columbia, the agency asked for a three-week... Read More
California Secretary of State Shirley Weber has released the final list of 46 candidates who qualified for the upcoming gubernatorial recall election. The recall election seeking to remove Democratic Gov. Gavin Newsom will take place on Sept. 14, 2021. Among the candidates that qualified were nine... Read More
