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Think You Finally Understand the PPP? Think Again… Because It Has Been Amended

On June 5, 2020 H.R. 7010—known as the Paycheck Protection Program Flexibility Act (the "Act")—went into effect. The Act amends the Paycheck Protection Program (PPP) created by the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. Although the amendments provide greater flexibility for employers, they may also require reconsideration of prior understandings and decisions. More ›