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Pres. Trump Signs ‘Phase 3.5’ Coronavirus Relief Package Into Law

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President Donald Trump signed the $484 billion “Phase 3.5” emergency interim coronavirus relief package into law inside of the Oval Office on Friday, after Congress passed legislation earlier in the week to replenish the Paycheck Protection Program (PPP) for small businesses and add billions of dollars in aid to hospitals across the country during the COVID-19 crisis.

President Trump described the bill as “great for small businesses” and “great for the workers,” adding that it will “extend relief to thousands of African-American and Hispanic American business owners.”

“Phase 3.5” will provide an additional $310 billion in funds to the PPP, which was established in order to help businesses with less than 500 employees receive loans that can cover at least eight weeks of payroll, benefits, and other expenses. Out of that $310 billion, $30 billion is reserved for community-based lenders, small banks and credit unions, while another $30 billion will go to mid-sized banks and credit unions.

The law will also provide an additional $50 billion for the Small Business Administration’s (SBA) emergency disaster lending program and $10 billion in SBA disaster grants.

The PPP was created as part of the “Phase 3” stimulus package, known as the CARES Act, which was signed into law in March. PPP converts small business loans to grants, which will be fully forgiven if at least 75-percent of the loan is used toward keeping employees on the payroll. The PPP ran out of funding earlier this month, which prompted Congress to pass the “Phase 3.5” relief package to replenish it, as well as fund other programs.

As of Friday, at least 869,172 people have been infected with the coronavirus in the U.S. and nearly 50,000 people have died nationwide.

For more information, visit Fox News.

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Economy

NYC bill trying to repeal ‘sanctuary city’ laws put in place by liberal Mayor Bill de Blasio

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New York lawmakers are introducing a bill this week to undo “sanctuary city” laws approved from 2014-2018 under then-Mayor Bill de Blasio, a Democrat. Council members Robert Holden (D-Queens) and Joe Borelli (R-Staten Island) told The New York Post they’ll introduce the bill Thursday.

Among the laws to be reversed include the prohibiting of the NYPD, and Correction and Probation departments from cooperating with U.S. Immigration and Customs Enforcement agents unless the cases involve suspected terrorists or serious public safety risks. It would also reverse rules prohibiting city agencies from partnering with ICE to enforce federal immigration laws.

“Sanctuary city laws put all New Yorkers, both immigrants and longtime residents, in danger by preventing the NYPD and DOC from working with ICE,” said Holden, a moderate Dem. “We do not need to import criminals, and only 23 years since 9/11, we have forgotten the deadly consequences of poor interagency communication. We must repeal these laws immediately.”

“Like most things in New York, sanctuary city policy is a social experiment gone off the rails,” said Borelli. “All the problems with these local laws came out during the public-hearing process, but the Council just stepped harder on the gas pedal.”

In February, Mayor Eric Adams called for the rules to be loosened so migrants “suspected” of “serious” crimes could also be turned over to ICE — as they once were under sanctuary city policies implemented as early as 1989 under ex-mayors Ed Koch and Michael Bloomberg.

Among public reasons for the push is the murder of Georgia nursing student Laken Riley.  If it wasn’t for the sanctuary city policies, Riley is among other deaths that could have been prevented if the policies were not in place, Holden and other critics have said.

The 22-year-old was found dead Feb. 22 on the University of Georgia’s campus, six months after her alleged killer Jose Antonio Ibarra, 26, was arrested in Queens and charged with endangering a child.

The Post explains of the case:

The NYPD had no choice but to cut the Venezuelan-born Ibarra loose — instead of turning him over to federal immigration officials — because he didn’t have any major crime convictions.

Council Speaker Adrienne Adams shot down the mayor’s idea just one day later, saying she and the rest of the Council’s progressive Democratic majority wouldn’t be considering any rule changes. The bill introduced this week is also likely to face objections from the Council’s left-wing Democratic majority.

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