Phase 2- C.A.R.E. Security Act & PPP - 032720
The $2.1 trillion stimulus bill President Trump signed into law Friday, called "The Coronavirus Aid, Relief, and Economic Security Act," will disburse emergency relief throughout the economy. The showcase piece is the approximately $500 billion in direct payments to households. For business, the law includes almost $1 trillion in assistance to small and large employers and also includes some tax and regulatory relief.

Planned Parenthood Chapters Draw Scrutiny Over Paycheck Protection Loans

from The Wall Street Journal,

Trump administration and Senate Republicans question organization’s eligibility for small-business loans

Planned Parenthood Federation of America is facing scrutiny from the Trump administration after local chapters received more than $80 million in loans under the Paycheck Protection Program, the latest flashpoint in the fight over what kinds of entities should be eligible for the small-business funds.

Many companies and other organizations have drawn criticism for taking loans from the PPP, a $660 billion pot intended to help small businesses and nonprofits with 500 or fewer employees. ... Shake Shack Inc., a national burger chain, returned $10 million, and the Los Angeles Lakers gave back a $4.6 million loan.

More From The Wall Street Journal (subscription required):

365 Days Page
Comment ( 0 )