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House Approves Bill to Loosen Paycheck Protection Restrictions

May 28, 2020

Via: ENR

The House has passed legislation, by an overwhelming margin, that would loosen some restrictions for implementing the federal Paycheck Protection Program, or PPP, which provides forgivable loans to assist small businesses stay afloat during the coronavirus pandemic.

The bill, which has strong support from engineering and construction contractor groups, was approved on May 28 on a 417-1 vote. It was the first use of a newly installed House rule allowing lawmakers to vote by proxy.

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