Source: Alex Gangitano, THE HILL, 5/22/20


Sens. Angus King (I-Maine) and Steve Daines (R-Mont.) introduced legislation to extend the time businesses have to use funds from the Paycheck Protection Program (PPP) and eliminate the limit on using funds for non-payroll expenses. The Paycheck Protection Program Flexibility Act, introduced on Thursday, would allow businesses to extend the period, which is currently eight weeks, to 24 weeks. Treasury Secretary Steven Mnuchin said Monday that the administration is working on expanding this period but didn't commit to 24 weeks. 

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