Marco Rubio performer record country Music Marco Rubio

Recording Academy & A2IM Applaud New Senate Bill That Bars Radio Conglomerates From PPP Funds

Reading now: 469
www.billboard.com

Marco Rubio (R-FL) -- who sponsored the Continuing Small Business Recovery and Paycheck Protection Program Act as chairman of the Senate’s Committee on Small Business and Entrepreneurship -- the trade organizations voiced their support for the legislation, which has been integrated into the $1 trillion Senate stimulus package known as the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act.Under the proposed legislation, no company with more than 300 employee across locations would qualify for forgivable PPP loans.

That's a change from the CARES Act bill, which allowed companies with multiple physical locations -- like radio stations -- to receive forgivable PPP loans for individual outlets, so long as each of those.

Read more on billboard.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA