Up to $419 million of federal PPP money was given to Chinese-owned companies


October 1, 2020

By Alec Zimmerman

The federal Paycheck Protection Program (PPP), part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is a loan program overseen by the Small Business Administration (SBA) that helps businesses keep their workers employed during the COVID-19 pandemic.

SBA officials say they have loaned $525 billion to over five million small businesses through August 8. About...

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