The Republican-led Senate passed a massive $484 billion aid package to help struggling small businesses on Tuesday after Senate Democrats blocked the move to help Americans last week.
The coronavirus relief package replenishes the “small business rescue program known as the Paycheck Protection Program (PPP), provide hospitals with another $75 billion and implement a nationwide virus testing program to facilitate reopening the economy,” Fox News’ Gregg Re reported. “The new deal would provide more than $300 billion for the PPP, with $60 billion or so set aside — and divided equally — for smaller banks and community lenders that seek to focus on under-banked neighborhoods and rural areas.”
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