Senate Stimulus Bill Ppp

New stimulus bill brings ppp aid tax relief to small business.

Senate stimulus bill ppp. The bill passed by the senate on thursday would extend it to 24 weeks. The bill encompasses many things and congress passed around plenty of pork to special interest groups a move that is being. Key provisions in the bill include.

The legislation the consolidated appropriations act 2021 also ensures tax deductibility for business expenses paid with. Relief bill ppp funds. Under the march 2 2 trillion coronavirus package businesses were given eight weeks to spend ppp funds.

The republican controlled senate is expected to vote on a standalone paycheck protection program bill this week but it s likely to be blocked by house democrats who want a sweeping economic aid. Ppp fix passed by senate coronavirus schumer contended that the senate risked too much delay if it amended the bill and then had to go to a conference committee with the house to hash out final. Be it enacted by the senate and house of representatives of the united states of america in congress assembled section 1.

The senate approved the bill with a 92 6 vote at about 11 45 p m. Senate will vote on wednesday on a 300 billion senate republican coronavirus relief bill that is far below. Mcconnell said that the senate will vote on additional ppp funds on tuesday and the stimulus package on wednesday.

The defections bring republicans i. The bill will include an expansion of unemployment benefits over 100 billion. Dec 22 2020 by anita campbell in small business news 2.

21 just a couple of hours after the house approved it 359 53. Economic stimulus proposal in talks with pelosi. To provide emergency assistance and health care response for individuals families and businesses affected by the 2020 coronavirus pandemic.