PPP coverage expires in June and $600 UI payments end in July
Congress scrambles to bridge the gap.
- The House of Representatives will vote next week on a bill to modify the PPP stimulus program. The bill would increase the eligible expense period from 8 to 24 weeks and remove the current requirement that forgiveness must be at least 75 per cent payroll expenses.
- Some Republicans are reportedly considering a proposal to provide unemployed beneficiaries of the current $600/week unemployment insurance top-up payments a lump sum payment after July 31 in lieu of extending the top-up.