Marco Rubio (R-FL) -- who sponsored the Continuing Small Business Recovery and Paycheck Protection Program Act as chairman of the Senate’s Committee on Small Business and Entrepreneurship -- the trade organizations voiced their support for the legislation, which has been integrated into the $1 trillion Senate stimulus package known as the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act.Under the proposed legislation, no company with more than 300 employee across locations would qualify for forgivable PPP loans.
That's a change from the CARES Act bill, which allowed companies with multiple physical locations -- like radio stations -- to receive forgivable PPP loans for individual outlets, so long as each of those.
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