Congress and the President Approve $284 Billion Second Round of Paycheck Protection Program Loans In Support of Struggling Small Businesses | Hodgson Russ LLP
To embed, copy and paste the code into your website or blog: In the waning evening hours of December 21, 2020, Congress passed the “Consolidated Appropriations Act, 2021,” a new, comprehensive COVID-19 relief bill. The bill passed by a wide margin with bi-partisan support, with votes of 92-6 in the Senate, and 359-53 in the House. While President Trump initially expressed his displeasure with the bill, he ultimately signed it into law on December 27, albeit with demands for changes that are unlikely to be met. Among the many different components of the law is a retooled version of the Pay...