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Paycheck Protection Program. 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-employed workers, sole proprietors ...
Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) is a $484 billion law that increases funding to the Paycheck Protection Program and also provides more funding for hospitals and testing for COVID-19. The bill passed the Senate by voice vote on April 21, 2020. [1][2][3] The bill passed the House of Representatives by a vote ...
Both submitted allegedly fraudulent applications for the Paycheck Protection Program, a program established during the pandemic that “provided forgivable loans to small businesses for job ...
California attorney Lisa Bloom agreed to a settlement with allegations stemming from misuse of Paycheck Protection Program funds. As a part of the settlement, officials said The Bloom Firm will ...
The Coronavirus Aid, Relief, and Economic Security Act, [ b ][ 1 ] also known as the CARES Act, [ 2 ] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. [ 3 ][ 4 ] The ...
The Paycheck Protection Program allocated about $800 billion in loans through banks that were entirely guaranteed by the Small Business Administration and, in almost all instances, forgiven as ...
The Employee Retention Credit is equal to 50 percent of qualified wages paid to eligible employees between March 13, 2020, and December 31, 2020. [14] Eligible employee is defined differently depending on the size of the employer. If the employer averaged 100 or fewer full-time employees [h] during 2019, then all of its employees are eligible ...
The analysis by NBC News, one of 11 newsrooms that sued for the release of data, also shows: Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and ...
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