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Yesterday, the U.S. House of Representatives passed a bill providing additional funding into existing programs to assist small business in response to the COVID-19 pandemic. The President is expected to sign the bill into law today. The legislation authorizes $310 billion into the Paycheck Protection Program (PPP), the loan program designed to keep employees on small company payrolls. The initial $350 billion provided into PPP, created last month as part of the $2 trillion Coronavirus Aid, Relief, and Economic Security…

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Capitol At Sunset

Earlier this week, the U.S. Senate approved the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive legislative package that includes $2 trillion in funding for businesses, individuals and the health care industry. The bill is expected to pass the U.S. House of Representatives today and quickly be signed into law. Notably, the CARES Act includes $350 billion for forgivable loans to small businesses who maintain their payroll during this emergency, as well as numerous tax credit and…

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