President Donald Trump on Saturday (July 4) signed into law an amendment to the Paycheck Protection Program (PPP) that gives businesses affected by the coronavirus pandemic more time to apply for federal funds, according to Business Insider.
The law extends the deadline to apply for the federal government’s loan-based relief program to Aug. 8. The original deadline to apply for the loans was June 30, but Congress moved quickly to extend the deadline after around $130 billion was leftover from the initial $660 billion pot, NPR reported.