Combating hunger was the topic of the latest House Agriculture Committee hearing on Thursday as the issue of food insecurity has been growing at an alarming rate over the past year, with the outbreak of coronavirus.
The Paycheck Protection Program, authorized originally in the 2020 CARES Act, was reauthorized recently to re-appropriate the unused funds from the first round.
As small businesses and agricultural operations continue to struggle with the effects of a global economic shutdown, those who accepted loans through the government’s Paycheck Protection Program have been waiting for weeks to hear whether those loans would be forgiven.
In an effort to stave off a complete collapse of the American economy, Congress passed the CARES Act which provided $525 billion in loans through a program known as the Payroll Protection Program.
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