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Economics

Senate Passes Changes to Small Business PPP Loan Program

  • Bill heads to Trump’s desk after GOP drops objections
  • More time given to spend virus relief money on payroll
Walmart's Celebrity-Studded Annual Party Is Silenced by Covid
Photographer: Terra Fondriest/Bloomberg
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The Senate cleared changes to the popular Paycheck Protection Program on Wednesday that will allow small businesses more flexibility in using the rescue loan funds. The bill, which passed the House last week on a 417-1 vote, now heads to President Donald Trump’s desk for his signature.

Senators gave unanimous consent for the legislation hours after Ron Johnson, a Wisconsin Republican, had raised objections.