The U.S. Senate passed the PPP Extension Act of 2021 by a vote of 92-7 to extend the Paycheck Protection Program before it expires at the end of this month.
The bill now heads to President Biden's desk for signature as the House previously passed the bill that will extend the program until May 31.
Earlier this month, ABC joined a coalition of small business organizations in support of the bipartisan PPP Extension Act of 2021. According to the SBA more than $90 billion in funding remains available through the program.