Policy Resolution Group COVID-19 Legislative Update
April 6, 2020
PPP Developments
Today’s update focuses on the two fastest moving elements of the COVID-19 relief effort: the Paycheck Protection Program (PPP) and the efforts to craft Phase Four legislation. Specifically, this brief discusses the overwhelming demand for PPP loans, and the plans under development to strengthen the program. Then, we provide new details on Phase Four legislative proposals that Democrats released over the past 48 hours.