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The version of the bill passed by the Senate included the expanded funding for rural and minority communities, for SBA disaster funding, and the money for hospitals and testing, but it did not include more funding for state and local governments, nor the increased SNAP benefits. [1] The bill passed the Senate by voice vote on April 21, 2020.
Last year, the Paycheck Protection Program issued 8,731 duplicate loans worth $692 million to 4,260 borrowers, including 2,689 with the same tax ID.
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 ...
The nonprofit that manages foster care throughout Central Florida has been accused of double-billing the state for employee salaries after receiving more than $1 million in federal Paycheck ...
The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP ...
The church agreed to repay more than $70,000 in PPP loan money used to make payments on the principal mortgage balance on one of its four properties. ... the government paid her more than $10,000 ...
Social impact bonds (also called Pay for Success bonds) are "a public-private partnership which funds effective social services through a performance-based contract." [9] They operate over a fixed period of time, but they do not offer a fixed rate of return. Repayment to investors is contingent upon specified social outcomes being achieved. [10]
While many small-business owners complained of missing out on crucial funding from the Paycheck Protection Program, others mistakenly ended up receiving their money twice — or multiple times.