News & Analysis as of

Proposed Legislation Paycheck Protection Program (PPP) Loan Forgiveness

White and Williams LLP

Winter COVID-19 Relief Bill: Overview of Key Provisions

White and Williams LLP on

In a much needed holiday gift for businesses and individuals who continue to be affected by COVID-19, Congress finally approved a $900 billion aid package follow-up to the CARES Act (the Winter Covid-19 Relief Bill), the...more

Foley & Lardner LLP

Federal COVID Relief Bill passed by Congress - December 2020

Foley & Lardner LLP on

On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to...more

Pillsbury Winthrop Shaw Pittman LLP

Paycheck Protection Forgiveness and Compliance—10 Frequently Asked Questions

Considerations for PPP borrowers as they apply for loan forgiveness - As the Paycheck Protection Program (PPP) enters its forgiveness phase—where many borrowers have exhausted or are about to exhaust their loans and will...more

Bass, Berry & Sims PLC

SBA Releases New Guidance on PPP Loan Forgiveness

On August 4, the Small Business Administration (SBA) released new FAQs related to Paycheck Protection Program (PPP) loan forgiveness. The FAQs provide interpretive guidance regarding PPP loan forgiveness applications,...more

Downs Rachlin Martin PLLC

Proposed Legislation Expedites PPP Forgiveness for Loans Under $150K

A new bill is now pending in the Senate which enhances lender protections and facilitates forgiveness for those PPP borrowers receiving PPP loans of less than $150,000.  Proponents of the legislation have explained that the...more

Jackson Walker

What's Next for the Paycheck Protection Program? by Lindsey Berwick and John Wittenberg

Jackson Walker on

While the deadline to apply for a Paycheck Protection Program (PPP) loan has passed, an August 8th extension is en route to President Trump for his signature. Since the program's implementation in April, the Small Business...more

Perkins Coie

Proposed Legislation May Extend Period for PPP Loan Forgiveness - Meanwhile, SBA Releases Yet More Guidance

Perkins Coie on

The U.S. House of Representatives, on May 28, 2020, passed with bipartisan support H.R. 6886, referred to as the Paycheck Protection Program Flexibility Act of 2020. If passed by the U.S. Senate and signed into law, H.R. 6866...more

Foster Garvey PC

Lawmakers May Not Have Abandoned Small Businesses After All – The Paycheck Protection Program Flexibility Act of 2020 May Be Just...

Foster Garvey PC on

As I previously reported, the Paycheck Protection Program (“PPP”) was touted as providing emergency assistance (i.e., a lifeline) to restaurants and other businesses ordered to shut their doors (e.g., dental offices, bars,...more

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