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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 ...
Those employees, along with an army of contractors, are responsible for overseeing a loan portfolio that currently includes 48,000 PPP loans with an outstanding balance of $1.3 billion and dealing ...
The House report states that two fintechs, Womply and Blueacorn, facilitated a third of PPP loans in 2021 before being suspended by the Small Business Administration earlier this year.
Democratic members of the House subcommittee overseeing the coronavirus response released a report on Tuesday, flagging billions of dollars in questionable PPP loans and a "high risk" for fraud ...
The three investigating committees released a nearly 300-page report on August 19, 2024, alleging "impeachable conduct" but did not recommend specific articles of impeachment, focusing primarily on the activities of Hunter Biden and his associates, and the president's brother, Jim Biden.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes." [1] The Working Group consists of: The Secretary of the Treasury, or his or her designee (as Chairperson of the Working Group);
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A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [1] [2] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [3]