A bipartisan group of lawmakers unveiled a plan this week to extend the Paycheck Protection Program for two months amid concerns that the March 31 expiration of the small-business rescue fund could leave struggling employers without a key economic lifeline.

The bill, introduced Thursday by House Small Business Chair Nydia Velázquez, D-N.Y., and Rep. Blaine Luetkemeyer, R-Mo., would delay the program's deadline to May 31 and give the SBA the authority to continue processing pending applications for an additional 30 days after that.

SOME FAMILIES COULD RECEIVE UP TO $14,000 FROM BIDEN'S RELIEF BILL

The measure also has bipartisan support in the Senate, where Small Business Chair Ben Cardin, D-Md., introduced companion legislation to the House proposal with fellow committee members Sens. Susan Collins, R-Maine, and Jeanne Shaheen, D-N.H.

More in category

Hundreds of Companies Unite to Oppose Voting Limits, but Others Abstain
April 14, 2021The NY Times
Hundreds of Companies Unite to Oppose Voting Limits, but Others Abstain
Coinbase’s Public Listing Is a Cryptocurrency Coming-Out Party
April 14, 2021The NY Times
Coinbase’s Public Listing Is a Cryptocurrency Coming-Out Party
Wall St set to open higher as JPMorgan, Goldman kick off bank earnings
April 14, 2021Reuters
Wall St set to open higher as JPMorgan, Goldman kick off bank earnings
Wells Fargo profit beats estimates as bank frees reserve funds
April 14, 2021Reuters
Wells Fargo profit beats estimates as bank frees reserve funds
Satellite broadband company Astranis raises $250 million from BlackRock, others
April 14, 2021CNBC
Satellite broadband company Astranis raises $250 million from BlackRock, others
U.S. vaccination pace picks up as officials say Johnson & Johnson pause won't slow rollout
April 14, 2021CNBC
U.S. vaccination pace picks up as officials say Johnson & Johnson pause won't slow rollout
This new ETF gets you access to the backbone of the crypto world
April 14, 2021MarketWatch
This new ETF gets you access to the backbone of the crypto world
This robot-run fund with a history of predicting Tesla price moves has just made these stock picks
April 14, 2021MarketWatch
This robot-run fund with a history of predicting Tesla price moves has just made these stock picks
CDC committee to hold emergency meeting for J&J's COVID-19 shot on Wednesday afternoon
April 13, 2021MarketWatch
CDC committee to hold emergency meeting for J&J's COVID-19 shot on Wednesday afternoon
The new TV show ‘Unicorn Hunters’ will feature Steve Wozniak and allow viewers to invest in pre-IPO companies
April 13, 2021MarketWatch
The new TV show ‘Unicorn Hunters’ will feature Steve Wozniak and allow viewers to invest in pre-IPO companies
Watch out Tesla. This new Mercedes-Benz ‘could be a game changer,’ says Deutsche Bank.
April 12, 2021MarketWatch
Watch out Tesla. This new Mercedes-Benz ‘could be a game changer,’ says Deutsche Bank.
Expect ‘eye popping’ sales numbers from consumer companies as calendar laps COVID closures
April 07, 2021MarketWatch
Expect ‘eye popping’ sales numbers from consumer companies as calendar laps COVID closures
Serena Williams signs programming deal with Amazon Studios
April 14, 2021FOX Business
Serena Williams signs programming deal with Amazon Studios
Cal Thomas: President Biden, I'm a capitalist... and you're not
April 13, 2021FOX Business
Cal Thomas: President Biden, I'm a capitalist... and you're not
JPMorgan profit surges as bank releases cash set aside for bad loans
April 14, 2021FOX Business
JPMorgan profit surges as bank releases cash set aside for bad loans
Dollar General to hire up to 20,000 workers as economy rebounds
April 14, 2021Reuters
Dollar General to hire up to 20,000 workers as economy rebounds
Asian-American businesses suffer outsized pandemic toll
April 14, 2021Reuters
Asian-American businesses suffer outsized pandemic toll
Brace yourselves, bubble-tea lovers: The U.S. faces a boba shortage that may last months
April 13, 2021MarketWatch
Brace yourselves, bubble-tea lovers: The U.S. faces a boba shortage that may last months
These 3 Stocks Have Doubled and Still Have Room to Grow
April 14, 2021The Motley Fool
These 3 Stocks Have Doubled and Still Have Room to Grow
Coinbase backers include Marc Andreessen, Rapper Nas
April 13, 2021FOX Business
Coinbase backers include Marc Andreessen, Rapper Nas
Bed Bath & Beyond quarterly sales tumble 16%, as store closures and divestitures hurt results
April 14, 2021CNBC
Bed Bath & Beyond quarterly sales tumble 16%, as store closures and divestitures hurt results