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House to Vote on PPP Extension | Brownstein Hyatt Farber Schreck

House to Vote on PPP Extension | Brownstein Hyatt Farber Schreck
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Small business rescue slowed by fight against fraud, drawing protests

POLITICO
Small business rescue slowed by fight against fraud, drawing protests
The Small Business Administration revealed plans Wednesday to speed up the process and keep the government-guaranteed loans flowing.
A bike sits outside Artisan Bar and Cafe on St. Claude Avenue on Jan. 30, 2021, in New Orleans. | Dorthy Ray/AP Photo
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Tens of thousands of small businesses have faced delays in receiving emergency payroll support loans that Congress authorized in December, sparking an uproar that has forced the agency responsible for distributing the funds to quickly find a solution.
The Small Business Administration, which acknowledges the delays were caused by efforts to ratchet up anti-fraud measures that the Paycheck Protection Program lacked when it was first launched last year, revealed plans Wednesday to speed up the process and keep the government-guaranteed loans flowing. ....

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Democrats propose $50 billion in small business aid in stimulus package

Bill Clark / Contributor
The House Small Businesses Committee proposed $50 billion in stimulus aid for small businesses.
The bill includes $25 billion for restaurants, an additional $7.25 billion for the Paycheck Protection Program, and an additional $15 billion for Economic Injury Disaster Loans.
82% of Americans say they view small businesses aid as the most important part of any economic relief package.
The House Committee on Small Business unveiled its draft stimulus bill on Sunday, which includes $25 billion in restaurant aid and an additional $7.25 million allocated toward the Paycheck Protection Program.
House committees are in the midst of marking-up components of proposed stimulus provisions to be included in the final aid package, likely to be voted on at the end of February. ....

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