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New stimulus proposal includes second PPP

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A coronavirus stimulus proposal introduced yesterday by Senate Republicans could mean a second round of the Paycheck Protection Program.

Under the proposal, businesses of 300 employees or less would be eligible for forgivable PPP loans if they experienced a 35% drop in one quarter of 2020 compared with the same period in 2019.

The proposal also includes legal liability protections from COVID-19-related claims.

Read more from the Washington Business Journal.

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