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Source: Jim Saksa and Lindsey McPherson, ROLL CALL, 5/28/20
The House passed by an overwhelming margin Thursday a bill to cut small businesses more slack in how they use coronavirus lifeline loans. The bill would amend the Small Business Administration’s so-called Paycheck Protection Program, which provides forgivable loans to companies affected by COVID-19 that need not be repaid if the money is used for payroll and some fixed costs, like rent. The measure would lower the amount of a loan that must be used for payrolls and give borrowers more time to use them. Members filed into the chamber one by one,... For more of this story, click here.
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