Republican senators propose second round of PPP loans aimed toward smaller struggling businesses

As part of Mitch McConnell’s and Senate Republicans’ new stimulus package legislation, called the “HEALS Act,” Senators Marco Rubio (R-FL) and Susan Collins (R-ME) unveiled yesterday a proposal for a second round of the Paycheck Protection Program, which has so far dispensed more than $500 billion in largely forgivable loans to small businesses (and some not so small).

The bill would provide $190 billion in funds for