While the republican-controlled US Senate refuses to consider the $3 trillion Heroes Act passed two weeks ago by the democrat-controlled US House, a number of democratic Senators have begun talking about yet another round of PPP loans. Democratic members of the Senate Small Business Committee pointed to state economic shutdowns lasting longer than most had anticipated in proposing the Prioritized Paycheck Protection Program Act. Although not yet filed, their proposal would be limited to businesses with fewer than 100 employees and off-limits to publicly traded companies. Additionally, another requirement of businesses applying for the P4 funds (as the proposed new round is being called) would be a requirement that they have suffered a 50% revenue drop and are on pace to exhaust existing PPP loan funds. As currently planned, P4 funding would come from monies already appropriated in the earlier PPP Flexibility Act, signed by the President last week, rather than from additional appropriation. As of today, about $510 billion of the total $660 billion allocated has been committed to businesses with $150 billion still available. The current P4 fact sheet provides that franchise businesses would be ineligible.