Sen. Marco Rubio Calls For Extension Of PPP Spending Window

The video discusses the potential extension of the Paycheck Protection Program (PPP) for small businesses, as proposed by Rubio on Twitter. It highlights the financial challenges faced by small businesses due to COVID-19 and the uncertainty in repaying federal loans. Approximately 4 million businesses have received PPP loans, with Congress approving $659 billion. Future changes to the program may include more flexibility in fund usage.

What legislative change did Rubio suggest for the Paycheck Protection Program?

• Eliminating payroll requirements

• Increasing interest rates

• Extending the spending period beyond eight weeks

• Reducing the loan amount

What is a major concern for small businesses during the COVID-19 outbreak?

• Finding new customers

• Expanding their business

• Repaying federal loans

• Hiring new employees

Approximately how many businesses have been approved for a PPP loan?

• 4 million

• 6 million

• 2 million

• 1 million

How much money has Congress approved for PPP loans?

• $800 billion

• $500 billion

• $659 billion

• $700 billion

What potential change might Congress make to the PPP?

• Reduce the number of eligible businesses

• Provide more flexibility in spending funds

• Add more restrictions on spending

• Increase the loan interest rate