Senate approves injection to PPP program

Senate Votes to Add $310B to ‘Paycheck Protection’ Loans, $75B for Health Care

The U.S. Senate approved on April 21 a compromise measure to inject $310 billion into the now-empty Paycheck Protection Program (PPP)—which aims to assist financially strapped small businesses, including those in construction, engineering and building materials—with forgivable loans to help them cope with economic blows struck by the coronavirus pandemic.

The next step is action by the House of Representatives, which could come in the next couple of days.

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