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Senate votes to extend PPP through May, continuing aid for small businesses

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Ahead of an expiration date six days away, the Senate passed a bill on Thursday to extend the Paycheck Protection Program (PPP) through May 31, allowing small businesses to continue receiving emergency aid.

Last week, the House passed the PPP Extension Act, which would extend the small-business-lending program through the end of May and permits the Small Business Administration to continue processing loan applications through the end of June. On Thursday, right before leaving Washington until mid-April, the Senate voted to pass the extension with overwhelming bipartisan support, by a vote of 92-7. 

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