U.S. President Donald Trump has signed into law the Federal Incentives Act to increase the PPP (Pay Check Protection Program) program for businessmen. It became law after President Trump signed it into law on July 4 after congressional approval. As a result, traders will have until August 7 to take advantage of the program.
It is learned that 130 billion is still unused in this fund of civic incentives to help businessmen. At the end of last March, two trillion dollars was approved in the main law of civil cooperation. The program was launched to turn business around after a nationwide lockdown in the Corona disaster. There was widespread chaos at the beginning of the PPP program. When the country's big businessmen got the approval of the money in advance, there was a storm of criticism.Criticism began that the PPP program was failing to protect the interests of marginalized small traders in particular. Later, the second phase of the program was allocated. This program became popular in a short time through various administrative decisions.The Federal Government's Small Business Administration quickly began allocating funds to the sector. As of June, ২ 520 billion had been distributed among traders. Traders do not have to return a part of this money. After the workers are brought back to work, a part of the grant is conditional on their spending as wages. Since the launch of this program, a large number of businesses, especially small businesses, have tried to launch their businesses after the lockdown.Another law proposal on the coronavirus stimulus fund has been passed in Congress. The Senate and White House have been trying to reach an agreement on the bill for almost two months. The bill calls for সরাসরি 1,200 in direct grants for taxpayers, including direct funding for local governments. Lawmakers are unable to agree on the new civic cooperation in the Republican-controlled Senate, with conservatives hostile.This is why the proposal of a new incentive for the citizens who are in financial trouble after the Corona disaster is hanging. The White House, in response to a new citizen cooperation proposal passed by the House of Representatives, said it was trying to get an idea of the use and impact of previous incentive funds. Republicans in the Senate are working on another proposal.
It is certain that another new incentive fund is coming to the agreement, but no one is yet able to say anything about the exact time. However, various American media outlets are talking about the possibility that it is happening before August.
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