House Passes Bill To Give Small Businesses More Flexibility In Spending PPP Loans
H.R. 6886 - Paycheck Protection Program Flexibility Act of 2020
The House of Representatives passed new legislation that would make it easier for businesses to have their Paycheck Protection Program loans forgiven by relaxing restrictions on how the loan money can be used and extending the period that businesses have to use the funds.
This bill is now headed to the Senate, where it is expected to pass. To review the bill summary, click here.