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Congress Passes $900 Billion Relief Act and Revises the PPP

After months of intense negotiations, Congress passed a new relief bill this week. Assuming President Trump signs the bill, or Congress overrides a veto, it delivers change just in time for the new year.

Tucked into the bill’s 5,000-plus pages is a new round of PPP funding for those small businesses most “hard hit” by the COVID-19 crisis. The Relief Act’s “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act” (PPP2) provides more avenues of relief for fewer businesses. Best of all, these changes apply retroactively to some PPP recipients.

Read the full article here.

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