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President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Provisions of the Paycheck Protection Program and Health Care Enhancement Act include the following. Appropriates an additional $320 billion of funding for the Paycheck Protection Program, which provides low-interest loans for payroll costs and other expenses to small businesses that are forgivable under certain circumstances. [19]
"During his tenure, Bill helped oversee our Historic Paycheck Protection Program that saved many of our Small Businesses, and millions of jobs." Trump Names Latest White House Staff Picks As Jan ...
The Paycheck Protection Program (PPP), was designed to help businesses maintain their employee headcount. ... The OIG says 4.5 million potentially fraudulent claims were made through the SBA’s ...
Carranza has led the SBA's response to the COVID-19 recession resulting from the COVID-19 pandemic. [31] On April 3, 2020, Carranza announced the launch of the Paycheck Protection Program – a $349 billion emergency loan program provided through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). [32]
The Palm Beach County State Attorney's Office in 2023 created a task force to investigate fraudulent Paycheck Protection Program claims, with charges to be pursued at the state level.