Senate coronavirus relief bill to extend PPP loans, target health care, education: Kudlow

White House economic adviser Larry Kudlow on Tuesday said he expects the Senate GOP’s latest coronavirus relief proposal to target small businesses, health care and education.

Senate Majority Leader Mitch McConnell, R-Ky., on Tuesday announced that he and other GOP leaders will be introducing a more “targeted” coronavirus relief package after Senate Democrats rejected their $1.3 trillion HEALS Act proposal in July.

“Targeted areas … could be very helpful. Maybe even make the recovery even stronger. For example, the Senate majority leader Mitch McConnell is coming out with a package today. It’s going to be targeting healthcare, education and the economy,” Kudlow said on Fox News’ “America’s Newsroom.”

Kudlow added that he thinks the Small Business Administration’s Payment Protection Program aimed at helping small businesses retain employees “will be extended” in McConnell’s bill.


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PPP supported more than 51 million jobs amid coronavirus: House Republicans

The report, first obtained by FOX Business, stated that the Small Business Administration, under the CARES Act, was able to fund more than 4.9 million PPP loans, and protected millions of jobs, especially those in underserved populations.

Republicans on the committee stated in their report that the Trump administration and financial institutions were focused on reaching “diverse communities and businesses” that were hit the hardest by the pandemic.

“Most financial institutions made direct outreach to minority-owned businesses and underserved communities early in the process,”

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