Data analyst: Ethereum unlikely to rally until the end of the DeFi bull market

32m
cryptoslate

Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs

1h
thebitcoinnews

Banks Worldwide are Increasingly Clamping Down on Customer Being Able to Withdraw Cash and This is Why the World Needs Bitcoin

1h
bitcoinnews

Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support

2h
bitcoinist

Crypto Analyst Claims Bitcoin Is Less Than 50 Days Away From...

3h
zycrypto

Bitcoin Has To Reclaim This Level Or Risk A Correction To $8,600, Warns Crypto Strategist

3h
zycrypto

Analysts: DOGE TikTok challenge, falling Bitcoin dominance show “altseason” is here

4h
cryptoslate

IOHK could demonstrate Cardano’s multi-asset standard with Presidential campaign coins for Kanye West and Brock Pierce

4h
cryptoslate

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

4h
thebitcoinnews

Crypto News Roundup for July 7, 2020

4h
beincrypto

Crypto Volumes Plummeted In June, But CME Data Shows Institutional Bitcoin...

4h
zycrypto

The Bitcoin Price Bubble That Never Bursts

4h
zycrypto

Cardano (ADA) May Be Forming a Macro Top Despite Surging 400% Since March

5h
bitcoinist

Top 3 Cryptocurrencies Outperforming Bitcoin Amidst Altcoin Rally

5h
coingape

Alleged scammers hid $14 million of stolen money in Bitcoin

5h
tokendaily

Top 3 Cryptocurrencies Outperforming Bitcoin Amid Altcoin Rally

5h
coingape

Kyber Protocol Katalyst Upgrade And KyberDAO Deployed On The Ethereum Mainnet

5h
cryptoticker

Hey, Big Spender! Don’t Steal My BTC

6h
livebitcoinnews

Female Crypto Influencers Kicked Off Instagram Over Binance Awards

6h
beincrypto

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

6h
thebitcoinnews

Binance Acquires Crypto Debit Card Issuer for an Undisclosed Sum

6h
cryptoglobe

Analyst: Bitcoin Needs to Push Past $9,600 to Avoid a Brutal Decline

7h
bitcoinist

Tim Draper Reveals He Owns Cryptocurrencies Other Than Bitcoin

7h
cryptoglobe

Beginner’s Guide on How to Buy Litecoin

7h
thebitcoinnews

Congress Is Once Again Discussing a Digital Dollar

8h
livebitcoinnews


PPP changes pass House as small businesses hit first loan deadlines |

Small businesses need all these adjustments in the Paycheck Protection Flexibility Act, but there are still multiple gaps, including data collection

Q1 2020 hedge fund letters, conferences and more

On the passage of the Paycheck Protection Flexibility Act in House today, Executive Director of the Main Street Alliance Amanda Ballantyne has this to say:

“The Paycheck Protection Flexibility Act is a first step in addressing the design flaws of the PPP, however additional improvements are necessary to address the ongoing crisis millions of small business owners are still facing. New data shows that Latinx and Black small businesses have closed at 1.5 times and double the rate respectively, compared to overall small businesses, and these changes still fail to address the continued crisis of access to funding for these small businesses.

With the announcement today that $10 billion will be set aside for Community Financial Development Institutions, many of whom serve minority communities, the updates to the program are needed even faster as small business make the decision to take on debt risk or close permanently.

This bill and its companions must be urgently brought to the Senate to become law, as the first round of PPP funding is coming up on it’s 8-week deadline imminently. Expanding the time horizon, and reducing the fixed percentage on payroll for loan forgiveness are critical improvements.

We must make these short-term changes to PPP to improve functionality. But we need a comprehensive longer term solution that recognizes the financial crisis Covid-19 has created for small business and our entire economy.

Payroll subsidy programs like Representative Jayapal’s Paycheck Recovery Act and the Senate’s Paycheck Security Act, also introduced last week by Senators Sanders, Warner, Blumenthal and Jones, reflect the on-going nature of this crisis, is a policy idea that has bipartisan support and would be part of larger set of policies that works in tandem with the PPP to provide the kind of support we need for the longer term crisis.

It is frustrating the Truth Act was unable to pass with two-thirds majority, which would have mandated important transparency and reporting on loan recipients and applicants.”

About Us

Main Street Alliance is a national network of small business coalitions working to build a new voice for small businesses on important public policy issues. Alliance small business owners share a vision of public policies that work for business owners, our employees, and the communities we serve.

The post PPP changes pass House as small businesses hit first loan deadlines appeared first on ValueWalk.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments