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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 version of the bill passed by the Senate included the expanded funding for rural and minority communities, for SBA disaster funding, and the money for hospitals and testing, but it did not include more funding for state and local governments, nor the increased SNAP benefits. [1] The bill passed the Senate by voice vote on April 21, 2020.
It passed unanimously in the Senate late the night of March 25 [224] and became law on March 27. [225] On April 24, a $484 billion bill was passed to help fund the CARES Act-created Paycheck Protection Program (PPP), provide $75 billion in funding to hospitals, and implement nationwide testing for the virus. [226] [227] [228]
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self ...
The Paycheck Protection Program (PPP), was designed to help businesses maintain their employee headcount. The funds were distributed as loans, however, they could be forgiven under certain conditions.
PPP loans and criticism. In 2022, Buchanan had $2.3 million in PPP loans forgiven. ... In December 2011, the House passed H.R. 527, a Buchanan-backed measure to close ...
The initiative is only for loans of $150,000 or less, which make up 92% of the PPP loans distributed. The new online portal is reportedly designed to streamline the process both for borrowers and ...
In August 2022, Norman criticized President Joe Biden for forgiving up to $10,000 of student loan debt for eligible borrowers. Norman was criticized for hypocrisy because he had $306,520 of debt from his PPP loan forgiven.