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Politics Senate passes extension of

04:51  01 july  2020
04:51  01 july  2020 Source:   cnn.com

Senate passes extension of application deadline for PPP small business loans

  Senate passes extension of application deadline for PPP small business loans The Senate on Tuesday cleared legislation to extend the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP), which will expire at the end of Tuesday.Under the bill passed by the Senate by unanimous consent, the deadline for applying for PPP loans - which go to businesses with fewer than 500 employees - would be extended until Aug. 8.There's approximately $130 billion in unspent money under the Paycheck Protection Program, which has prompted a discussion among lawmakers about what to do with the funds.Sen. Ben Cardin (Md.

The Senate has passed an extension of the popular Paycheck Protection Program for small businesses, which was set to close The House has yet to take up the bill but could pass it as soon as Tuesday night. The Small Business Administration, which ran the PPP with the Treasury Department

Senate Passes Unemployment Benefits Extension . “Americans need a fair shot at getting back on their feet and finding work, but Koch-backed groups are actively opposing the extension of benefits for the long-term unemployed,” said Reid, a Nevada Democrat, before calling Republicans who “bear the

The US Senate, just hours before the expiration of the small business loan Paycheck Protection Program, passed an extension of the program to August 8.

a clock tower in front of a building: The Capitol dome is seen early Wednesday morning before Amb. William Taylor And Deputy Assistant Secretary Of State George Kent testify at the first public impeachment hearing before the House Intelligence Committee on Capitol Hill November 13, 2019 in Washington, DC. © Sarah Silbiger/Getty Images The Capitol dome is seen early Wednesday morning before Amb. William Taylor And Deputy Assistant Secretary Of State George Kent testify at the first public impeachment hearing before the House Intelligence Committee on Capitol Hill November 13, 2019 in Washington, DC.

The move to keep the application process for the program open comes as it was set to expire with more than $130 billion in allocated funds that remain unused. The program was designed to offer small business loans to bridge the shutdowns and help businesses keep employees in their jobs -- and in turn, the loans taken out would be forgiven, essentially shifting into a grant.

House passes small business loan Paycheck Protection Program extension by unanimous consent

  House passes small business loan Paycheck Protection Program extension by unanimous consent The US House passed an extension of the $660 billion Paycheck Protection Program fewer than 24 hours after the program shut its doors, moving one step closer to reopening the cornerstone small business coronavirus relief effort. © Sarah Silbiger/Getty Images The Capitol dome is seen early Wednesday morning before Amb. William Taylor And Deputy Assistant Secretary Of State George Kent testify at the first public impeachment hearing before the House Intelligence Committee on Capitol Hill November 13, 2019 in Washington, DC.

– The Missouri Senate has passed legislation extending federally funded jobless benefits to thousands of people who were cut off from payments earlier this month. The Senate 's 28-5 vote Monday ratifies a deal struck last week to end a filibuster by several senators upset about the growth of federal spending.

“The Senate is going to pass it today, we are going to pass it the day following,” Hoyer told reporters. The legislation would extend through November a The bill comes amid a growing debate among lawmakers over whether the aid extensions , the longest ever, are contributing to the jobless rate.

More than 4.8 million small business owners have utilized the program, which was designed as a bridge for companies to maintain their payrolls through the worst of the pandemic.

While it faced a rocky rollout and dozens of shifting and new rules in its initial stages, more than $520 billion has been deployed to keep small businesses afloat.

Tuesday's extension came as a surprise, even to Democrats who forced the action on the floor. While there had been discussions about moving the deadline, there were no substantive moves towards agreement on one until shortly before it actually reached the floor.

Senate passes sanctions bill targeting China over Hong Kong law

  Senate passes sanctions bill targeting China over Hong Kong law The Senate passed legislation on Thursday to slap sanctions on Chinese officials who restrict Hong Kong's autonomy. The legislation, which is now headed to President Trump's desk, would impose penalties on individuals who infringe on Hong Kong's semi-independence from China, as well as the banks who do business with them. "All of the prosperity and the elevation of human dignity that comes from human freedom and Democratic values from one model, that is the model that is up against the dark shadows of the authoritarian governments that are constantly pushing to systemically erode, corrode and warp the values and freedoms that we cherish. ...

Senate Democrats on Thursday discussed their efforts to extend unemployment benefits.Credit Stephen Crowley/The New York Times.

The Senate has passed a 90-day extension of Patriot Act with 86 ayes and 12 nays to allow more time to work out a longer term solution for three expiring provisions in the anti-terrorism bill. It now goes to the House. If Congress does not act the provisions would expire at the end of February.

"The resources are there, the need is there, we just need to change the date," Sen. Ben Cardin of Maryland, the top Democrat on the Small Business Committee, said on the Senate floor.

The bill, proposed by Senate Democrats, was passed by unanimous consent.

The Democratic-led House would still need to act on the extension.

That money has become central to negotiations over the next round of small business aid, which has been subject of bipartisan discussions over the last several days.

Cardin noted the extension lines up with the end of the next Senate work period -- which is the same timeline Senate Republicans have set to complete the next round of stimulus.

Senate Small Business Committee Chairman Marco Rubio of Florida, the lead Republican negotiator, said he had no objections to the extension, "but the vast majority of small business that wanted to benefit from the program have already used it."

"What we really need to pass very soon is targeted help for those who need a second round of aid," Rubio tweeted Tuesday night.

The extension doesn't put an end to the ongoing talks -- and given the relative lack of interest in the $660 billion program in recent weeks based on total loan data, the extended time period is unlikely to sap the available funds.

But it would keep the central federal lifeline to small businesses open as lawmakers seek agreement on next steps.

This story has been updated with additional developments.

McConnell on filibuster talk: Democrats want to 'vandalize' Senate rules .
Senate Majority Leader Mitch McConnell (R-Ky.) unloaded on Democrats Thursday amid renewed chatter about nixing the legislative filibuster if they win back the majority in November.McConnell, speaking from the Senate floor, noted that some progressives want to expand or reform the Supreme Court and that Democrats, more broadly, are calling for Washington, D.C. to be the 51st state."And to accomplish all this, destroying the Senate'sMcConnell, speaking from the Senate floor, noted that some progressives want to expand or reform the Supreme Court and that Democrats, more broadly, are calling for Washington, D.C. to be the 51st state.

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