Biden signs bill extending small business loan program

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President Biden on Tuesday signed legislation extending a loan program designed to help small businesses adversely impacted by the coronavirus pandemic.

The bill, passed in overwhelming bipartisan votes in the House and Senate earlier this month, extends the deadline for businesses to apply for assistance through the Paycheck Protection Program (PPP) by two months, from March 31 to May 31.

Biden cheered the bill as a “bipartisan accomplishment” in the Oval Office on Tuesday afternoon as he signed it into law.

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