Employer Law Blog
June 5, 2020
Key Provisions of the Paycheck Protection Program Flexibility Act
Today President Trump signed in to law the Paycheck Protection Program Flexibility Act of 2020 (the “PPPFA”), which substantially modifies certain provisions of the CARES Act related to forgiveness of Paycheck Protection Program (“PPP”) loans for small businesses, as many recipients of the PPP funds come up on the end of their previously-determined 8-week measurement period for loan forgiveness.