WASHINGTON, D.C. – A new version of the Payroll Protection Program sailed through the House of Representatives Thursday.
Maine Senator Angus King says this version of the law to help small businesses weather the COVID-19 pandemic ironed out some of the problems found in the initial legislation.
Thursday the House approved the measure 417 to one.
King said business owners across the state complained the earlier version of the bill lacked flexibility in how the money could be used.
“Basically, it gives them more time to get back on their feet before they have to start the clock running on their PPP money, and I think that’s what’s going to make a huge difference, and what I’m hearing is very positive,” said Sen. Angus King, I-Maine.
The bill now heads to the Senate.