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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 Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 is an act of Congress enacted on March 6, 2020. The legislation provided emergency supplemental appropriations of $8.3 billion in fiscal year 2020 to combat the spread of coronavirus disease 2019 (COVID-19) and counter the COVID-19 pandemic, particularly the COVID-19 pandemic in the United States.
The deadline to apply for an SBA economic injury disaster loan, referred to as EIDL, which provides up to $2 million to qualifying businesses and private nonprofits, also is approaching on May 10.
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The inspector general's report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.” The fraud estimate for the COVID-19 Economic Injury ...
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