President Donald Trump has enacted a temporary extension of a subsidy program for small businesses hit by the coronavirus. Legislation extends the June 30 deadline to apply for the program until August 8.
WASHINGTON – President Donald Trump on Saturday approved a temporary extension of a subsidy program for small businesses hit by the coronavirus,
Legislation extends the June 30 deadline to apply for the program until August 8. Lawmakers created the program in March and have modified it twice since then, adding money once and more recently allowing more flexible use of funds despite some complaints among Republicans. conservatives
Approximately $ 130 billion of $ 660 billion approved for the program remains eligible for businesses to seek direct federal subsidies for payroll and other costs such as rent, although demand for the Paycheck Protection Program has been exhausted in The last weeks.
The Democratic-controlled House voted Wednesday to approve the extension of the program after the Republican-controlled Senate did the same.
Trump was expected to sign the measure.
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