House to Vote on Changes to Small Business Program Next Week

May 20, 2020, 5:26 PM UTC

The House will vote next week on a bipartisan proposal to make the popular small-business Paycheck Protection Program more flexible and extend the time limit for using the aid, House Speaker Nancy Pelosi said Wednesday.

Moving ahead on the proposal with Republican support would allow Congress to get around the current impasse on whether to approve a new round of coronavirus relief. The bill is separate from the $3 trillion Democratic catch-all package combining state aid with new stimulus checks that the House passed last week over the objections of the GOP.

Senate Republicans have voiced support for changes to ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.