House to vote on standalone small-business loan program fixes

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The House will vote next week on legislation changing terms of the so-called Paycheck Protection Program that have served as obstacles to some small businesses seeking relief under the forgivable loan program.

“We saw a quick fix on how we could make this work better,” Speaker Nancy Pelosi said at her weekly press conference Wednesday. “We couldn’t ignore that.”

On Friday, after voting for the Democrats’ massive $3 trillion coronavirus relief bill, Rep. Dean Phillips, D-Minn., announced he’d secured a commitment for a vote on his standalone bill that would make changes to the small-business loan program sought by

Read more    Source: rollcall.com

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