Congress Passes Paycheck Protection Program Flexibility Act of 2020
On Friday June 5th, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”)[1], which was passed by the House and Senate with almost complete unanimity.[2] The PPP Flexibility Act makes several significant changes to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Summary of provisions: Adds…