Trump indicators extension of COVID-reduction PPP fund for companies
WASHINGTON — President Donald Trump on Saturday signed into law a non eternal extension of a subsidy program for little companies battered by the coronavirus.
The laws extends the June 30 deadline for applying for the Paycheck Protection Program to Aug. 8. Lawmakers created this system in March and own modified it twice since, adding money on one occasion and more now not too long within the past allowing more flexible use of the funding despite some grumbling among GOP conservatives.
About $130 billion of $660 billion favorite for this system stays eligible for companies to peer inform federal subsidies for payroll and other charges equivalent to rent, even though seek recordsdata from for the Paycheck Protection Program has somewhat worthy dried up in contemporary weeks.
The Democratic-managed Home voted on Wednesday to approve the extension of this system after the Republican-managed Senate did the identical.
Trump had been anticipated to signal the measure.