HILL TAX BRIEFING: House Plans Vote as Senate Stalls on Relief

The House plans to return next week to vote on a bill making changes to a relief program for small businesses, as prospects of a bicameral aid package remain foggy.

Lawmakers have already approved hundreds of billions of dollars in funding for forgivable, government-backed loans to small businesses under the Paycheck Protection Program, starting with the CARES Act (Public Law 116-136). But businesses have struggled with some of the requirements for the funds, and guidance has been confusing.

The bill (H.R.6886) coming to the floor would let businesses have more than eight weeks—the current ...