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Just before midnight on December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (the “Act”), a nearly 5,500 page stimulus bill allocating roughly $900 billon of much needed relief to United States businesses and individuals while funding the federal government until September 2021.[1] Six days later, President Trump signed the Act into law. The bipartisan Act touches many industries ranging from agriculture to financial services, and provides multiple forms of relief, including increasing funds reserved for PPP loans, providing direct payments to individuals, relaxing certain accounting and taxation requirements, and allocating funds to the hardest hit industries such as small businesses, entertainment venues and nonprofits.
Stimulus bill to launch second wave of PPP
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A pre-Christmas Covid Snapshot | My Clinton News
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