Additional funding for Paycheck Protection Program

On Friday, April 24, 2020 President Donald Trump signed into law a $484 billion Paycheck Protection Program and Health Care Enhancement Act previously approved by the Senate. The bill provides an additional $310 billion for the Paycheck Protection Program (PPP), $60 billion for the Small Business Administration’s Economic Injury Disaster Loan program, $75 billion for hospitals, and an additional $25 billion for corona virus testing.…

Congress passed the Coronavirus Aid, Relief and Economic Security Act (CARES) act.

On Friday, March 27 Congress passed the Coronavirus Aid, Relief and Economic Security Act or the CARES act. The bill passed with overwhelming bipartisan support as a response to the coronavirus outbreak. It addresses economic impacts of the COVID-19 outbreak. The bill authorizes emergency loans to distress businesses, funding for individuals, special rules for withdraws…