Good news for small businesses: Congress could extend the PPP loan forgiveness period by theothersarahh
Senator Marco Rubio told Fox News on Wednesday that he believes there is enough support in Congress to extend the eight-week period that Paycheck Protection Program loan recipients have to use the money—this would be a big deal for businesses that may otherwise fail to bounce back before the existing forgiveness period is up. the Department of Homeland Security, Federal Bureau of Investigations, Director of National Intelligence, and the National Security Agency.
He indicated that the spending period should be extended to 12 or 16 weeks because of how the coronavirus crisis has evolved. Rubio said he hopes that Congress can pass a “Last week, Rep. Dean Phillips and Rep. Chip Roy introduced a bill that would extend the forgiveness period to include the full duration of the crisis, along with several other changes to the PPP; Rep.
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