If you remember me talking about the reality tv stars receiving PPP loans for upwards of $20,000, then it won’t surprise you when I say that multiple companies are not using their share of loans in the way they were meant to be used.

Only a few months after receiving $10 million in federal funding, Freightcar America, a company in Alabama announced that they were relocating the plant to Mexico of all places.

This has caught the attention of lawmakers who are trying to direct more of these loans to the companies that actually need them and will use them to their fullest.

More on that later.

This story is becoming more and more familiar. Eric Kodesch, a lawyer at Lane Powell who has assisted numerous clients with their PPP applications commented on the trend we are seeing: “It wouldn’t be difficult to lay off 50% of your workforce and still get full forgiveness.”

We are seeing similar stories out of states like Ohio, Virginia, Pennsylvania, Illinois, and Oregon which has sparked debate, and thankfully is further pushing legislation geared toward helping those who really need it.

Three pieces of that much-needed legislation now have bipartisan backing which you just love to see. Donkeys and Elephants coming to the table, it’s like a very strange…