House passes bill to ease access to small-business loans in pandemic, but impasse with Senate remains

The House overwhelmingly passed a bill Thursday that would make it easier for small businesses to utilize funds under the new Paycheck Protection Program, Congress’s latest response to the coronavirus pandemic’s roiling economic fallout. But the measure’s future remains uncertain because Senate leaders have not yet signaled support.

The House legislation, strongly supported by business groups that lobbied hard for changes to the existing program, would give businesses more time to have the loans forgiven and paid off by the U.S. government.

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