Senators
Ben Cardin (D-Maryland), Jeanne Shaheen (D-New Hampshire), Chuck Schumer (D-New
York) and Chris Coons (D-Delaware) have introduced the “Heroes Small Business
Lifeline Act,” which provides a Small Business Administration affiliation
waiver that would allow more news publishers to apply for SBA loans under the
Paycheck Protection Program created by the CARES Act in March 2020, reports the
News Media Alliance. The News Media Alliance says it commends the move.
The waiver language follows
that included in the updated HEROES Act passed by the House on Oct. 1, says the
News Media Alliance. Both bills would allow news publishers to apply for PPP
loans as individual, independent entities, despite ownership by companies with
other small news publishers or non-news businesses, allowing more publishers to
qualify for the loans.
Twenty-nine senators had
signed on as co-sponsors by Oct. 21, says the
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