Senate Approves Bill Extending Paycheck Protection Program

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Senate Approves Bill Extending Paycheck Protection Program
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The Senate approved a bipartisan bill to loosen requirements on hundreds of billions of dollars in forgivable small-business loans

The legislation passed Wednesday with unanimous consent in the Senate, and passed the House last week 471-1, showing the bipartisan support to improve the Paycheck Protection Program, which was created by Congress in March to help employers struggling to stay open during the coronavirus pandemic.

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