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President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
The bill is referred to as "Phase 3.5" of Congress's coronavirus response. [8] [9] It followed the first three phases: phase one "was an $8.3 billion bill spurring coronavirus vaccine research and development" (the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020), which was signed
The government has forgiven at least $120 million in PPP loans to companies that had higher revenues and earnings during Covid than prior to it.
The scam using doll faces to create false IDs made up a small part of the estimated $80bn in fraud connected to the Paycheck Protection Program (PPP), according to The Messenger.
In a separate case, Abad allegedly received more than $41,000 in two PPP loans in 2021 from a fictitious baked-goods business he ran from his home. He also claimed he earned $100,000 in annual ...
At a campaign rally in Tulsa, Oklahoma, on June 20, 2020, Trump said he had instructed his administration to slow down coronavirus testing in order to keep the number of confirmed cases down. [135] This claim was contradicted in sworn testimony by the federal health officials in charge of coronavirus response. [ 136 ]
The first case of COVID-19 in the U.S. state of Oklahoma was reported on March 7, 2020, with the first confirmed COVID-19 death occurring on March 18. [3] For the 7 days ending May 19, 2021, Oklahoma public health authorities reported 965 new cases of COVID-19, for a cumulative total of 451,280 cases since the start of the pandemic.
The Small Business Administration gave the man a $74,000 loan, although he did not own a business. He faces up to 30 years in prison.