Biden Extends PPP Deadline to May 31

President Biden signed legislation March 30 to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The popular PPP, created by Congress last year and recently expanded to include most 501(c) nonprofit groups, offers forgivable loans to businesses and nonprofit organizations affected by the COVID-19 pandemic. Under the legislation, which overwhelmingly… Read more »

Senate Passes Bill to Extend PPP Until May 31

The Senate passed legislation by a 92-7 margin today to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The popular PPP, created by Congress last year and recently expanded to include most 501(c) nonprofit groups, offers forgivable loans to businesses and nonprofit organizations affected by the COVID-19 pandemic. Under the… Read more »

Congress Passes $1.9T COVID Stimulus Package

Congress yesterday approved a sweeping $1.9 trillion COVID-19 stimulus package for the still-struggling U.S. economy, delivering President Biden his first significant legislative victory since taking office. The bill, titled the American Rescue Plan, includes another round of stimulus checks up to $1,400 for most Americans; extended, additional unemployment benefits for millions of Americans still out… Read more »

Senate Pushing Forward on COVID Stimulus Bill

The Senate could take an initial procedural vote today to move forward with President Biden’s $1.9 trillion COVID-19 stimulus bill, setting up several days of debate and a “vote-a-rama” to consider possible amendments. Senate debate was delayed this week while lawmakers awaited an official cost estimate on the latest version of the bill. Biden agreed… Read more »