PPP Flexibility Act

A little tied up at the moment, but I would be remiss if I didn't point out that the Senate approved the PPP Flexibility Act by unanimous consent this week. Forgive me if I outsource the heavy lifting here and just point you to PPP Extension & Increased Flexibility: Paycheck Protection Program Flexibility Act of 2020 & Other Updates from The National Law Review. 

See also, interim final rules from May:

• Loan Forgiveness; and
• Review Procedures and Related Borrower and Lender Responsibilities. 

Presumably, these will be updated if Trump signs the PPP Flexibility Act into law (and it appears he will).