Consolidated Appropriations Act of 2021: Updates to Paycheck Protection Program
By EsqSocial Corporation 14/01/21
On December 27, 2020, President Trump signed into law Congress’s spending bill, the Consolidated Appropriations Act (CAA), 2021, which included the Additional Coronavirus Response and Relief (ACRR) provisions that modified the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). The PPP, a loan program designed to provide a direct incentive to businesses to retain their employees, was enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act....
By: Ogletree, Deakins, Nash, Smoak & Stewart,