Congress Stimulus Bill Ppp
Congress finally passed further covid relief and it potentially bodes.
Congress stimulus bill ppp. Trump had said he would not sign the bill because he wanted 2 000 stimulus checks for individuals instead of the 600 in the legislation. Second round of ppp loans approved by congress in new covid 19 stimulus bill congress has approved a 900 billion package designated to aid american households and small businesses currently struggling with the pandemic s economic effects on the night of december 21 2020. Here s a look at what you need to know.
Congress takes lead on ppp in new stimulus bill defying treasury kelly phillips erb senior contributor opinions expressed by forbes contributors are their own. Provides tax deductions and other relief. The bill would expand the ppp program to allow some businesses to receive an additional loan.
President donald trump on sunday night signed into law the 900 billion covid 19 relief bill passed dec. The measure includes 600 stimulus checks to most adults and each child as well as a 300 weekly unemployment. Members of congress reached an accord over a 900 billion rescue package on sunday.
If you are a small business owner the covid 19 stimulus package that congress passed on monday evening december 21 2020 has some very good news. But little has been written about whether the new law will allow ppp borrowers to deduct the expenses that they paid to receive forgiveness and many ppp borrowers will not survive if they have. Were often shut out of the first round of ppp funding this bill includes set asides for.
Struggling ppp borrowers have been on a roller coaster after seeing countless news headlines showing that congress has yet to finalize their negotiations and pass the new covid 19 stimulus bill. New stimulus bill includes second round of ppp loans for small business and forgiveness rule changes favorable to borrowers. The latest stimulus bill from congress includes some significant updates including new funding.
What s in the stimulus package for small businesses ppp loans and cultural grants.