President Trump has signed a compromise measure that provides $310 billion to revive the federal Paycheck Protection Program (PPP)—which aims to assist financially strapped small businesses, including those in construction, engineering and building materials—with forgivable loans to help them cope with economic blows struck by the coronavirus pandemic.
The new legislative package, the Paycheck Protection and Health Care Enhancement Act, was signed into law on April 24, less than 24 hours after the House passed it by an overwhelming 388-5 vote.
