House Passes Additional PPP Funding, President Trump Expected to Sign
Today, the U.S. House voted to approve a roughly $480 billion package to deliver aid to small businesses and hospitals and expand Covid-19 testing - including an additional $310 billion in Paycheck Protection Program (PPP) funding.
The vote was 388-5. The measure passed the Senate earlier this week and will now go to President Trump, who has expressed support for the legislation and indicated that he will sign it.
While necessary reforms for restaurants were not included in this round, the IRA will continue to advocate for much-needed improvements to the PPP program in order to help restaurants survive and thrive in the future.