U.S. Congress PASSED the Paycheck Protection Program and Health Care Enhancement Act
The measure would add new funds to the Paycheck Protection Program for small businesses.
The stimulus package quickly passed the Senate
The House PASSED THE BILL and immediately adjourned
The $484 billion aid package includes:
$310 billion in additional lending authority for the Paycheck Protection Program, with some funds set aside to support loans issued by smaller lenders.
$60 billion for separate disaster loans to small businesses.
$75 billion for hospitals.
$25 billion for virus testing.
Below are several helpful documents:
1 Full Text Paycheck Protection Program and Health Care Enhancement Act.pdf
2 Overview of Paycheck Protection Program Increase Act of 2020 Section by Section.pdf
3 HD CARES Act Provider Relief Fund Fact Sheet 04.22.2020 FINAL.pdf
US Treasury Update Coronavirus Relief Fund Frequently Asked Questions.pdf
