Topics: Payroll Protection Program (PPP)

Paycheck Protection Program Loan Forgiveness Deadlines Approaching

NATSO members are reminded that Paycheck Protection Program (PPP) Loan forgiveness deadlines are approaching. To avoid making unnecessary PPP loan repayments, borrowers must submit loan forgiveness applications to the lender for review within 10 months from the end of the "covered period." More

House Passes COVID-19 Relief Plan

The House of Representatives late Friday night approved 219-212 a budget reconciliation bill reflecting President Biden's $1.9 trillion COVID relief plan, sending the bill to the Senate for consideration. The legislation would provide direct payments, a child tax credit expansion in the form of direct payments, extended unemployment benefits, COBRA subsidies and ACA tax credit enhancements, state & local funding, among other provisions. More

Congress Set to Vote on Spending Relief

Congressional leadership have reached a deal on a COVID relief package as well as an omnibus Fiscal Year 2021 spending bill. Actual legislative language for the approximately $2 trillion bill, which will likely run thousands of pages, has not been released yet but will nonetheless be voted on in the next few days. More

Congress Continues to Negotiate COVID Relief, Spending Bill

This will be one of the most consequential weeks of the year for Congress. Government funding expires on December 18 following a one-week extension, so lawmakers are working toward a deal to fund the government for either the rest of the fiscal year (which ends in September) or until sometime in the first quarter of 2021. More

NATSO Analysis: Paycheck Protection Program Interim Final Rules (PPP) Members Only Join or Login

The Small Business Administration on May 22 released interim final rules related to the Paycheck Protection Program. The rules outline procedures for borrowers to calculate costs eligible for loan forgiveness in the PPP, how the SBA will review individual loans for forgiveness, and details of the loan forgiveness process for lenders. More

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