by Ken Presley
Dec. 28, 2020 | Washington, DC President Trump signed the bill containing the CERTS Act last night bringing to rest uncertainty over a threatened veto.
The President had threatened to veto the legislation despite his staff having been part of the negotiations, and assurances he would sign the omnibus bill. After passage in the House and Senate, President Trump insisted on inclusion of $2,000 per person stimulus instead of the $600 contained in the bill.
Already working on the CERTS portion of the bill, the President’s signature triggers an actual proposed rule regarding the requirements and application process.
The bill also includes $284 billion in funding for the Paycheck Protection Program (PPP), providing a critical second forgivable loan to businesses with a sizable reduction in gross sales (25% or more).
By signing the bill, the President also averted a potential government shutdown.