Romney, Manchin, Colleagues Introduce Bill to Extend PPP Loan Deadline
Bill Would Double Loan Forgiveness Period from 8 to 16 Weeks
Senators Mitt Romney (R-UT), Joe Manchin (D-WV), Patrick Leahy (D-VT), Cory Gardner (R-CO), and Ron Wyden (D-OR) today introduced the Paycheck Protection Program (PPP) Deadline Extension Adjustment for Loans (DEAL) Act. The PPP DEAL Act would extend the loan forgiveness period from 8 to 16 weeks and amend the rehire date from June 30th to 16 weeks after the PPP loan is awarded.