New Budget and Stimulus Package Includes Changes to Paycheck Protection Program

On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021, an omnibus stimulus and budget act that includes the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (HHSB Act). The HHSB Act makes significant amendments to the CARES Act impacting the Paycheck Protection Program (PPP)....
By: McGuireWoods LLP

Array