Financial Accounting News

Trump Signs Bill Extending Paycheck Protection Program

June 5, 2020, 3:13 PM

President Trump signs a bill to increase flexibility in the Paycheck Protection Program.

  • NOTE: Bill would extend the current eight-week period during which businesses must use funds to have loans forgiven to 24 weeks or Dec. 31, whichever comes sooner.
  • Related: Senate Passes Changes to Small Business PPP Loan Program

To contact the reporter on this story:
Megan Howard in Washington at mhoward70@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Vivek Shankar

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