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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.
Secretary of the Treasury: Scott Bessent [117] January 28, 2025 [118] David Lebryk [31] January 20, 2025 January 28, 2025 Deputy Secretary of the Treasury: Michael Faulkender [119] Awaiting Senate Confirmation Assistant Secretary of the Treasury (Tax Policy) Ken Kies [120] Chief of Staff to the Secretary of the Treasury: Daniel Katz [121 ...
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Capps also falsely represented to the SBA that Fourth and Long Foundation had 12 employees and gross revenue of $285,000 for the 12-month period prior to Jan. 31, 2020, the indictment alleged.
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.
Bimal V. Patel is an American attorney who served as the Assistant Secretary of the Treasury for Financial Institutions and Deputy Assistant Secretary of the Treasury for the Financial Stability Oversight Council. [1] [2] He was one of the “architects” of the emergency $660 billion Paycheck Protection Program in 2020. [1]
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]