Thread by @Kpthepatriot

**A THREAD**
#1.) Some Planned Parenthood affiliates improperly applied for and received, all together, $80 million in loans from the PPP.
#Trending #News #America #Trump #World #Pandemic #COVID19 #politics #PlannedParenthood #USA #OpenAmerica #Biden

#2.) **WHAT IS THE PPP**
The PPP is a small business relief measure established under the CARES Act. The PPP provides forgivable loans to small businesses to cover 8 weeks of payroll, interests on mortgages, rent, and utilities.

#3 **REQUIREMENTS FOR PPP**
- Small Business’ (defined by SBA)
- 500 or less employees in U.S
- Tax exempt non-profits
- Tax exempt veterans under the IRC
- Faith-based organizations that meet requirements
federalregister.gov/documents/2020…

#4 **EXAMPLE OF INELIGIBLE PP**
- Planned Parenthood Federation of America (Over 600 employees)

#5 *HOW PP IMPROPERLY APPLIED*
Some Planned Parenthood affiliates applied for & received the Paycheck Protection Program while having more than 500 employees. The SBA specifies, “an entity is eligible for the PPP if it has 500 or fewer employees...”

#6 **WHAT IS BEING DONE**
The SBA is contacting each involved Planned Parenthood affiliate of PP’s that have more than 500 employees, explaining that they are not eligible for PPP aid. The federal government is demanding they return funds.

*TERMINOLOGY**
- CARES (Coronavirus Aid, Relief, and Economic Security Act)
- PPP (Paycheck Protection Program)
- SBA (Small Business Act)
- IRC (Internal Revenue Code)
- PP (Planned Parenthood)