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House Votes on PPP Bills

May 29, 2020

Yesterday, the House voted on two bills related to the Paycheck Protection Program (PPP), the small business relief program created under the CARES Act. The House passed H.R. 7010 by a vote of 417-1. The bill, introduced by Representatives Dean Phillips (D-MN) and Chip Roy (R-TX), would increase the amount of time during which businesses can make qualifying expenditures for PPP loan forgiveness from 8 to 24 weeks, or December 31st, whichever comes first, and allow businesses with PPP loans that have been forgiven to defer payroll taxes…

SIGMA: America's Leading Fuel Marketers is the national trade association representing fuel marketers and convenience store chain retailers in the United States and Canada. Our approximately 260 corporate members command nearly 50 percent of the petroleum retail market, selling approximately 80 billion gallons of motor fuel each year.