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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 Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that ...
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.
A third, Sgt. 1 st Class Crispin Antonio Abad, 42, was indicted on eight counts of PPP fraud. Jenkins pleaded guilty Tuesday, the same day Abad was indicted by a federal grand jury. Stubbs pleaded ...
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 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.
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.