The latest federal stimulus bill pumps $284 billion into the Paycheck Protection Program. Author: Alma McCarty Updated: 11:46 PM EST December 28, 2020 For small business owners across the country - the Paycheck Protection Program was a saving grace in a time of serious hardship. The latest federal stimulus bill pumps $284 billion back into the program - a critical tool to keep businesses afloat during the pandemic. Many small businesses considered the money from the CARES Act a lifeline earlier this year. They were able to stay open and keep employees on the payroll, and now, they're hoping a second round will do the same.