Agribusiness

Title

Changes to the Paycheck Protection Program

Publication Date

Summer 6-5-2020

Publication Number

LGP 1066

Summary

The President signed H.R. 7010 – Paycheck Protection Program Flexibility Act of 2020 on June 5. The Senate had passed H.R. 7010 – Paycheck Protection Program Flexibility Act of 2020 on June 4, 2020, and the House passed the bill on May 28, 2020. This bill makes a number of changes to the Paycheck Protection Program (PPP) by amending the Small Business Act and the Coronavirus Aid, Relief, and Economic Security (CARES) Act.2

An important note about this legislation is that it did not change the date a PPP loan can be approved. The deadline remains June 30, 2020.

Publication Type

Other

Publisher

Land-Grant Press by Clemson Extension

Publisher City

Clemson, SC

Target Audiences

Small Business, Farm, Farm Producers, Farmers, COVID, CARES Act, Paycheck Protection Program, Flexibility

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