Washington, DC (March 25, 2021) — Today, the U.S. Senate approved a two-month extension of the Paycheck Protection Program that helps small businesses stay afloat during the pandemic. The new deadline is May 31. The Senate approved the extension on a 92-7 vote. The legislation will now head to the White House for President Biden’s signature.
“This is excellent news for America’s small business owners, who were facing a PPP deadline just six days away from now. With a two-month extension, America’s small business owners can continue applying for PPP loans, keep their doors opens, and keep their employees on payroll. The PPP has already saved 51 million jobs and is one of the most successful government programs of all time. We thank the Senators in both parties who voted for the extension. We need more of this common-sense legislation to come out of Washington and less non-sensical and outrageous proposals like increasing taxes on the very same small businesses the PPP helps.”