The House on Tuesday overwhelming passed legislation on Thursday that will inject hundreds of billions more into a small business loan program. The vote was 388 to 5 on the legislation, with a tota…
Photo by Andrew Harnik/AP/Shutterstock Bust of President Abraham Lincoln is visible behind House Speaker Nancy Pelosi of Calif. as she arrives on Capitol Hill, in Washington.
The vote was 388 to 5 on the legislation, with a total price tag of $484 billion. The Senate passed the bill earlier this week, and President Donald Trump is expected to sign the bill soon.Paycheck Protection Program Th legislation does not include a provision to specifically provide relief to a larger number of local media outlets including newspapers, radio and TV stations that have been hit hard from a plunge in advertising revenue. They would like a waiver from rules that prohibit local outlets from receiving small-business loans because they are part of larger chains that have more than 500 employees.
“Even though these news outlets may be owned by larger groups, they operate independently,” they wrote.
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