The bill lets small businesses getting coronavirus aid loans use a smaller share of the money on pay and extends the time …

On Thursday, the House of Representatives passed a bill that would ease restrictions on how small business owners can spend …

28/05/2020  · House votes to give recipients of coronavirus small business loans more flexibility … in a nearly unanimous 417-1 vote. … the bill passed on Thursday would ease some of those restrictions …

The House voted Thursday to pass bipartisan legislation giving small business owners who tapped a federal aid program more flexibility in how they spend the loans, the latest effort by Congress to …

What the coronavirus relief bill means for small businessesHouse votes to give recipients of coronavirus small business loans more flexibility Lawmakers approved the legislation in a nearly unanimous 417-1 vote

Under the House bill, however, there is a cliff: If the small business does not pay out the full 60 percent of the loan to its employees, then the small employer receives no credit at all for …

28/05/2020  · Next round:House passes $3 trillion coronavirus stimulus plan, faces pushback in Republican-led Senate The new changes would: Lower to 60% from 75% the minimum portion of the PPP loan that must be …

28/05/2020  · The bill lets small businesses getting coronavirus aid loans use a smaller share of the money on pay and extends the time they have to use it. … House votes to ease restrictions on coronavirus …