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The House has unanimously passed a bill that will extend the Paycheck Protection Program (PPP) until August 8th, which was originally set to end on June 30th. The bill now awaits President Trump’s signature to officially extend the federal government program that provides forgivable loans to small businesses economically impacted by the COVID-19 crisis.
On January 3rd at noon at Washington, D.C., the sworn in 116th Congress has officially convened. This historical congress has a Democratic majority, the first time in eight years, and comprises a record number of women and minorities. Nancy Pelosi, who was re-elected as House Speaker and remains the first woman to serve in the position, remarked that this Congress “will be transparent, bipartisan and unifying.”
The 116th Congress has released new rules and select committees for the new year. Of these changes include the establishment of a new Office of Diversity and Inclusion that will report on its workforce and produce a diversity plan. House Democrats are also pushing for more diversity among the corporate executives and board members, an initiative led by California Democrat Maxine Waters, Chair of the House Financial Services Committee, who is determined to use her influence to increase the number of women and minorities in the top positions in the nation’s corporate sphere.
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