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The House has passed legislation to help businesses with PPP loans
Last week, I blogged here about a couple of bills in Congress that could relax some of the more stringent rules associated with Paycheck Protection Program loans.
This week, one of those pieces of legislation called the Paycheck Protection Program Flexibility Act of 2020 just cleared the House by a vote of 417-1. Here is a copy of the bill. And courtesy of this press release from co-sponsor, Rep. Chip Roy (R-TX), here is a concise bullet-point summary of what the new legislation accomplishes: