Senate Republicans introduced a scaled-back coronavirus relief package that includes ICBA-advocated provisions contained in previous drafts.
The $500 billion "skinny" package, which Senate Majority Leader Mitch McConnell (R-Ky.) said would be brought to a vote as soon as this week, includes provisions forgiving Paycheck Protection Program loans under $150,000, providing a lender safe harbor, expanding forgivable expenses, and more.
The House isn't expected to take up the legislation. ICBA continues working with policymakers on the next stimulus package as Congress and the Trump administration work to resume negotiations.
