House Passes Bill to Expand Loan Forgiveness Provisions of PPP ...

PPP Update - House Passes New Bill - Practice Financial Group

On Thursday, May 28, the House of Representatives passed a new bill (417-1 in favor), which will drastically alter the rules and timeline ...

House Passes a Bill Making Several Favorable Changes to PPP ...

House Passes a Bill Making Several Favorable Changes to PPP Loan Forgiveness ... PPP loan forgiveness provisions. Some of the changes would ...

House Passes PPP Loan Forgiveness Bill - ARF Financial

House Passes PPP Loan Forgiveness Bill- This new bill proposes to significantly ease restrictions on use of PPP funds to receive the ...

Coronavirus stimulus: Senate passes PPP small business loan bill

The Senate passed a bill to ease rules about how small businesses can use Paycheck Protection Program loans and still get them forgiven.

H.R.748 - 116th Congress (2019-2020): CARES Act - Congress.gov

1106) This section makes recipients of paycheck protection loans eligible for forgiveness of amounts expended for payroll costs and payments of interest on ...

Paycheck Protection Program - Farm Office - The Ohio State University

Both the Senate and the House will also exempt forgiven Paycheck Protection Program second-draw loan proceeds from the Commercial Activity Tax.

Senate clears PPP bill in second try Wednesday - Roll Call

The bill's biggest change would extend the time period in which borrowers must spend loans in order to have the debt forgiven from eight weeks ...

SBA issues final interim rules providing PPP guidance - Baker Tilly

The Senate bill would also allow expenses funded with forgiven loan proceeds to be deductible, overriding Notice 2020-32 previously issued by ...

House Passes Bill PPP Loan Flexibility - SWACCA

On Thursday, the House passed the Paycheck Protection Flexibility Act (H.R. 7010) by a vote of 417-1. This legislation makes several changes to the Paycheck ...

Senator Collins Urges Colleagues to Pass Bipartisan Bill to Extend ...

The Paycheck Protection Program Extension Act would extend the PPP to reflect the fact that economic shutdowns have lasted longer than ...

Paycheck Protection Program (PPP) loan forgiveness | COVID-19

On September 9, 2020, Assembly Bill (AB) 1577 (Coronavirus Aid, Relief, and Economic Security (CARES) Act Conformity) was enacted which allowed an income ...

Senate Clears House-Passed PPP Reform Bill, Sends Measure to ...

The PPP Flexibility Act would extend the PPP loan deferral period to the date on which the amount of loan forgiveness is remitted to the lender.

House Passes Bill to Loosen Rules on PPP Loans

On May 28, 2020, the House overwhelmingly passed a bill to loosen key rules for the Paycheck Protection Program (PPP). The plan would:.

House Passes PPP Flexibility Bill; Similar Measure in Senate

Change the eligibility for loan forgiveness by reducing the portion of the loan proceeds that must be spent on payroll from 75% to 60%, which would allow up to ...

Senate Passes House Bill Modifying the PPP Loan Program

Borrowers seeking loan forgiveness now have up to 24 weeks or until December 31, 2020 (whichever occurs first), to spend PPP funds on payroll ...

House Passes Bill to Fix PPP, Provide Flexibility For Small Businesses

May 28, 2020. The House on Thursday passed legislation to make it easier for small businesses to have their PPP loans forgiven, including extending the ...

PPP Forgiveness Changes Coming As Senate Passes House Bill

The bill passed in a unanimous voice vote hours after Wisconsin Sen. Ron Johnson initially blocked it. Among the key provisions is a change in ...

Senate Republicans introduce HEALS Act, next round of COVID-19 ...

The bill also introduces two new programs which businesses may apply for as an alternative to the PPP: Recovery Sector Loans and the Small ...

Coronavirus Relief Package Passed by Congress Would Revive ...

The Act allows the hardest-hit businesses to receive a second draw PPP loan, with extra relief provided to food services and hotels; expands the ...

House Sends to Senate Legislation Relaxing Some PPP Loan ...

Paycheck Protection Program Flexibility Act of 2020 · This legislation extends the PPP loan forgiveness period from eight weeks to 24; · It ...