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House Passes $484 Billion Relief Bill to Replenish PPP

House Passes $484 Billion Relief Bill to Replenish PPP

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FintechNews RoundupUSA
··1 min read

Yesterday the House overwhelmingly passed a relief bill that, among other things, will provide a much needed top up of the Paycheck Protection Program; of the $484 billion in new spending approved in this bill $320 billion will go towards replenishing the PPP; it carves out $60 billion of that amount for smaller banks ($30 billion for banks with between $10 billion and $50 billion in assets and $30 billion for banks with less than $10 billion in assets); there is also $60 billion to replenish the Economic Injury Disaster Loan program; money is also set aside for hospitals and virus testing; President Trump just signed the legislation into law today. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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