Indiana Senator Todd Young has proposed federal legislation that will extend the time business operators have to spend federal payroll protection funds,.
The current law, passed by Congress during the pandemic lock-down, mandates that the funds be spent in as little as eight weeks.
Young, visiting Bob’s Gym, one of the businesses that drew down a PPP loan early in the lock-down announced RESTART, a bipartisan bill that would extend the time businesses have to spend their loans from eight weeks to six months, and makes more money available for forgivable low-interest loans.
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