WASHINGTON — The Senate passed a bill 92-7 on Thursday to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program, giving applicants two more months to apply for federal aid.
The bill had already passed the House, so it now goes to President Joe Biden’s desk to be signed into law. Congress started the loan program last year to help businesses survive the COVID-19 pandemic.
The deadline for applications would be extended to May 31 under the bill, and the federal government would have until June 30 to process the applications.
The COVID-19 relief bill that Biden signed into law this month
→ Continue reading at The Spokesman-Review