Friday, December 4, 2020

Senate passes PPP Flexibility Act

The Senate passed legislation this afternoon to help businesses get their Paycheck Protection Program loans forgiven and lengthening the time they have to use the funds.

You can read more about the details of the bill in the OK Banker Direct sent on May 28 after the bill passed the U.S. House of Representatives.

https://www.oba.com/2020/05/28/house-passes-ppp-flexibility-act/

The bill passed by voice vote in the Senate today and will now head to the president’s desk for his signature and final approval into law.