Much (Illinois): Congress Passes the Paycheck Protection Program Flexibility Act

This article was updated on June 8, 2020 to reflect changes from Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza’s joint statement regarding the enactment of the PPPFA.

On June 5, 2020, the president signed into law the Paycheck Protection Program Flexibility Act (PPPFA). The act is intended to provide additional flexibility on the use of Paycheck Protection Program (PPP) funds in order to maximize forgiveness and to make some additional limited changes to the CARES Act (under which the PPP was initially enacted). MORE.

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