Congress Expands PPP Forgiveness and Relaxes Spending Rules

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This week, Congress passed significant amendments to the CARES Act provisions relating to loans under the Paycheck Protection Program (PPP) (the “Flexibility Act Amendments”).

The highlights of the Flexibility Act Amendments include the following:

We have written extensively about the PPP in articles which can be found here. For details regarding the PPP forgiveness rules, see our article here.

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