Sentinel News ServiceApril 30, 2020
In the interim emergency relief package that was recently signed into law and replenished the Paycheck Protection Program (PPP) with $310 billion, Congresswoman Maxine Waters (CA-43), chair of the House Financial Services Committee, led the fight to target $60 billion of those funds towards small, minority, and women-owned businesses. The bill, which is known as the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), also provides $50 billion for Small Business Administration disaster funding, translating into more than $350 billion in small business loans and $10 billion in emergency disaster grants.