- Federal Reserve Board Expands its Main Street Lending Program to Allow More Small and Medium-sized Businesses to be Able to Receive Support
- Federal Reserve Board Announces it is Expanding the Scope and Eligibility for the Main Street Lending Program
- Bipartisan Group of 28 Members of Congress Call for Lender Eligibility as Borrowers Under PPP in Support of SFNet Position
- SBA Sets Window From 4 p.m. Through Midnight Tonight to Accept PPP Applications From Borrowers of Small Lenders Only
- Highlight of Changes Made to Main Street Lending Program
House Democrats Propose the Heroes Act
May 14, 2020
House Democrats unveiled a massive $3-trillion virus-relief bill Tuesday, combining aid to state and local governments with direct cash payments, expanded unemployment insurance and food stamp spending as well as funds for voting by mail and the U.S. Postal Service. A vote is likely on Friday.
While the bill is not supported by House Republicans (or expected to become law), it is the opening salvo for the next COVID-19 relief package, which will likely face protracted negotiations between the White House and Congress.
House Democrats prepared the below summaries, which make a number of changes to programs in the CARES Act, including to the Payroll Protection Program (PPP).
The COVID–19 Housing Economic Relief and Oversight Act of 2020 - Section-by-Section
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