On June 30, the Senate passed legislation by unanimous consent that would extend the application period for the small business Paycheck Protection Program through Aug. 8. The application period ended on June 30, and the bill still needs to be approved by the House and signed into law by President Trump. More than $130 billion in PPP funding remains available, which is great news as some states and local communities have seen increased rates of COVID-19 infections and are facing additional economic shutdowns that threaten to reverse recent economic progress.
ABC will continue to update members on this legislation in Newsline.