Congress Passes Bill Amending Paycheck Protection Program

Denise GillinHealth Benefits, News

Since being established as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) in March 2020, the Paycheck Protection Program (PPP) has been the subject of additional stimulus bills, legal guidance and interim final rules. In the latest development, Congress passed the Paycheck Protection Program Flexibility Act of 2020, which is a bill that provides borrowers with greater flexibility in spending PPP funds without compromising forgiveness eligibility.

What is included in the bill?

If you have questions, contact Matt Pfeiffenberger, Vice President, Health Benefits Solutions at 717.283.9680.

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