President Trump signs latest COVID-19 relief into law – more PPP, EIDL funding included
The $484 billion relief bill includes funding for the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) Program, hospitals, and testing.
The $350 billion PPP established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, ran out of funding last week as the nation continues to mitigate the COVID19 pandemic. The EIDL program, also established under the CARES Act, provides economic support to small businesses to help overcome a temporary loss in revenue due to the pandemic.
H.R. 266 provides an additional $321 billion for the PPP and an additional $60 billion for the EIDL program.
To view the bill, click HERE.