President Trump Signs Legislation For Increased PPP Flexibility

The video discusses changes to the Paycheck Protection Program (PPP) that offer small businesses more flexibility in spending federal loans, including extended timeframes and reduced payroll spending requirements. The PPP, part of the CARES Act, has already distributed $550 billion, with $120 billion still available. The legislative process for these changes involved overcoming initial objections in the Senate, leading to unanimous approval. The urgency of passing these measures is highlighted due to the daily closure of businesses.

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