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The Senate had passed the bill Tuesday, shortly before the Small Business Administration was to stop accepting new loan applications.
July 2 -
Federal Reserve Chairman Jerome Powell said about 300 lenders have signed on to the program and that the central bank is committed to making adjustments that could attract more borrowers.
June 30 -
Members of the Small Business Committee signaled backing for broadening Paycheck Protection Program access for the smallest companies, encouraging participation by nonbank lenders and other improvements.
June 10 -
The funds include $3.2 billion in loans that community development financial institutions had already approved during the PPP's second phase.
May 28 -
The funds include $3.2 billion in loans that community development financial institutions had already approved during the PPP's second phase.
May 28 -
Members of the Banking Committee pressed the Treasury secretary and Fed chief to ensure CARES Act funds are deployed as Congress intended. They also debated the need for more stimulus to ease the economic effects of the coronavirus.
May 19 -
A small Texas company that profits from loan applications is using a web address so similar to the Trump administration's portal for small businesses that even Treasury Secretary Steven Mnuchin pitched the wrong one when outlining a pandemic-aid program.
May 18 -
The agency said Wednesday that as long as small businesses return funds they received through the Paycheck Protection Program, no action would be taken.
May 13 -
Treasury secretary says big firms that took PPP loans should apologize, not just return the money; German fintech’s shares drop 26% as audit fails to rebut accounting fraud allegations.
April 29 -
The Treasury secretary said recent government moves will help the firms get through the risk of millions of borrowers missing their loan payments.
April 24