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Bumpy Road to PPP Loan Forgiveness
Business
Bumpy Road to PPP Loan Forgiveness
2021-09-02 14:05:37
by Victoria Turner

WASHINGTON -- Two days after an independent contractor in Illinois received a $20,000 Paycheck Protection Program loan, the Small Business Administration changed a rule governing how a business like his should document the request. Now his loan will not be... Read More

Senate Extends Paycheck Protection Program Through May
Congress
Senate Extends Paycheck Protection Program Through May
2021-03-25 21:12:56
by TWN Staff

WASHINGTON - The Senate voted 92-7 Thursday to extend the Paycheck Protection Program to the end of May after rejecting Republican efforts to reshape the program and stymie the vote altogether.  The popular program was scheduled to expire on March 31.... Read More

Biden Boosts Pandemic Lending to Smallest of Small Businesses
Economy
Biden Boosts Pandemic Lending to Smallest of Small Businesses
2021-02-22 18:22:30
by TWN Staff

President Joe Biden is extending federal pandemic assistance to the smallest of the nation's small businesses and taking steps to ensure funds reach minority and woman-owned businesses. The steps announced Monday morning are intended to bring more equity to the... Read More

Gottheimer and Philips Urge Congressional PPP Renewal
Congress
Gottheimer and Philips Urge Congressional PPP Renewal
2020-10-30 16:01:29
by Sara Wilkerson

Earlier this week, Rep. Josh Gottheimer, D-N.J. and Dean Phillips, D-Minn., discussed the continuously growing need to renew the Small Business Administration’s Paycheck Protection Program for a second round and urged both Congress and the administration to continue bipartisan negotiations... Read More

State Attorneys General Try to Soften SBA Crackdown on Business Loans
State News
State Attorneys General Try to Soften SBA Crackdown on Business Loans
2020-10-06 17:39:18
by Tom Ramstack

The attorneys general from 18 states are pushing back against the Small Business Administration for what they describe as an overly zealous crackdown on fraud in the coronavirus relief loans. They are bothered by the SBA's proposed appeal process for... Read More

Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
Congress
Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
2020-09-01 21:40:47
by Tom Ramstack

WASHINGTON -- Members of Congress directed tough questions at the U.S. Treasury secretary Tuesday about fraud and abuse in the Trump administration’s coronavirus relief program. They said billions of dollars intended to protect jobs and family homes were being diverted... Read More

Haunted Houses Vie for Payroll Protection, Enhanced Coronavirus Relief
Economy
Haunted Houses Vie for Payroll Protection, Enhanced Coronavirus Relief
2020-08-25 21:29:34
by Dan McCue

WASHINGTON - A coalition of haunted house operators and others who offer "seasonal" and "location-based" entertainment are pressing Congress to change the Paycheck Protection Program so their industry can take advantage of it. They are also asking that their industry... Read More

GAO: Virus Relief Program Has Inadequate Safeguards; $1.4B in Relief Payments Sent to Dead People
In The News
GAO: Virus Relief Program Has Inadequate Safeguards; $1.4B in Relief Payments Sent to Dead People
2020-06-26 13:57:41
by Dan McCue

WASHINGTON - Confronted with an extraordinary public health crisis, the federal government moved with uncommon agility to bolster the economy and quickly establish services for those infected with the virus, the nonpartisan Government Accountability Office said Thursday. But in doing... Read More

House Overwhelmingly Endorses Greater Flexibility for Small Business Aid Program
Congress
House Overwhelmingly Endorses Greater Flexibility for Small Business Aid Program
2020-05-28 20:17:28
by Dan McCue

WASHINGTON - In an overwhelmingly bipartisan fashion, the House on Thursday passed legislation providing struggling small businesses with greater flexibility in using coronavirus relief loans. The bill, which amends the Paycheck Protection Program enacted in March, passed by a vote... Read More

Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan
Congress
Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan
2020-05-01 15:32:39
by Dan McCue

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan intended to help small businesses and nonprofits after being taken to task by Rep. Joe Cunningham, D-S.C. Cunningham, who is... Read More

Federal Reserve Expands Paycheck Protection Program to Add More Lenders
Economy
Federal Reserve Expands Paycheck Protection Program to Add More Lenders
2020-05-01 14:27:34
by Dan McCue

WASHINGTON - The Federal Reserve said Thursday it is expanding a program that helps the government provide stimulus loans to small businesses and is designed to keep workers on payrolls during the coronavirus pandemic. In a brief statement on its... Read More

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