Senate

President Trump Signs PPP Loan Flexibility Legislation
President Trump Signs PPP Loan Flexibility Legislation
June 05, 2020  |  Loans

As some firms grapple with meeting pivotal standards for loan forgiveness amid the pandemic, President Donald Trump signed a bill into law on Friday (June...

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Today In Payments: Senate Passes Bill To Extend PPP; Amex CFO Sounds Alarm Over Post-Lockdown Furloughs
Today In Payments: Senate Passes Bill To Extend PPP; Amex CFO Sounds Alarm Over Post-Lockdown...
June 04, 2020  |  News

In today’s top news, the Senate passes an amendment to the Paycheck Protection Program, Amex CFO voices concern as large companies’ pledges to freeze job...

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Two Republican Senators Hold Up PPP Amendment Bill
Two Republican Senators Hold Up PPP Amendment Bill
June 03, 2020  |  Loans

Two Republican Senators are holding up a bill that would extend the end date of the Paycheck Protection Program (PPP) from August until December, Roll...

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Senate Bill Would Double Time For PPP Loans
Senate Bill Would Double Time For PPP Loans
May 21, 2020  |  Loans

The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program...

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Pelosi, House Look To Overhaul SMB PPP Relief Loans
Pelosi, House Look To Overhaul SMB PPP Relief Loans
May 20, 2020  |  Loans

Businesses struggling to stay afloat amid the coronavirus pandemic but shut out of stimulus programs could see renewed relief as Speaker Nancy Pelosi (D-Calif.) and...

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Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
May 19, 2020  |  Loans

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify remotely before the Senate on Tuesday (May 19) regarding the disbursement of coronavirus...

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Bitcoin Daily: Memo Recommends US Senate Vote Via Blockchain; Mastercard, Alipay Join Australian Supply Consortium Tracked With Blockchain
Bitcoin Daily: Memo Recommends US Senate Vote Via Blockchain; Mastercard, Alipay Join Australian Supply Consortium...
May 04, 2020  |  Bitcoin

U.S. Senate staffers put forward the idea of blockchain voting in a “continuity of Senate” memo at the end of April, CoinDesk reported. Get the...

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Senators Call For Guaranteed PPP Loans For Small Businesses
Senators Call For Guaranteed PPP Loans For Small Businesses
April 27, 2020  |  Loans

U.S. Senator Amy Klobuchar (D-Minnesota) and 21 of her Senate colleagues are urging the U.S. Treasury and the Small Business Administration (SBA) to make sure...

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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform
Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its...
April 22, 2020  |  News

In today’s top news, Facebook closed a $5.7 billion deal for a minority stake in India’s Reliance Jio, and GM shut down its car-sharing company,...

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