House Needs to Fix PPP – Ensure Relief for Small Biz not Big Corps & Well-Connected

President Trump and Congress are set to spend hundreds of billions of dollars more on the SBA’s Paycheck Protection Program (PPP), but the bill that just passed the Senate obviously learned nothing from the disastrous first rollout that saw legitimate, near-bankruptsmall businessespushed aside to make room for massive restaurant chains and hotels. This time around, all the same loopholes for PPP funds still exist that let giant publicly-traded companies pass themselves off as any other mom-and-pop shop. There is nothing in this bill to prevent it all from happening again and nothing to bring m…

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