An agreement recently was reached to pass legislation to add money into the Paycheck Protection Program (PPP), a small-business loan program established by the Coronavirus Aid, Relief and Economic Security (CARES) Act. The agreement passed the U.S. House on April 23, following the Senate’s approval on April 21. President Donald J. Trump (R) signed the bill into law on April 24.

The Paycheck Protection Program Increase Act of 2020 is a $482-billion aid package that would replenish the popular small-business loan program, while also providing funding for hospitals facing financial shortfalls due to COVID-19. The legislation includes $310 billion to ...