The plan aims to include businesses with 20 employees or less, or businesses with 50 employees or less located in low-income neighborhoods to the Paycheck Protection Program.
April 17, 2020—New Jersey Senator Cory Booker and Montana Senator Steve Daines have proposed a $50 billion plan aimed to provide more relief to small businesses left out of the Paycheck Protection Program, according to a press release.
According to the release, the two Senators sent a letter sent to Senate Majority Leader Mitch McConnell and Minority Leader Chuck Schumer, outlining the $50 billion Small Business Local Relief Fund plan. The plan aims to include businesses with 20 employees or less, or businesses with 50 employees or less located in low-income neighborhoods to the Paycheck Protection Program.
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