PPP Flexibility Act

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:affects gptkb:Paycheck_Protection_Program
gptkbp:amendedBy gptkb:CARES_Act
gptkbp:appliesTo small businesses affected by COVID-19 pandemic
gptkbp:changedPayrollExpenditureRequirement from 75% to 60%
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:extendedLoanForgivenessPeriod from 8 weeks to 24 weeks
gptkbp:extendedLoanRepaymentPeriod from 2 years to 5 years
gptkbp:fullName Paycheck Protection Program Flexibility Act of 2020
https://www.w3.org/2000/01/rdf-schema#label PPP Flexibility Act
gptkbp:publicLawNumber Public Law 116-142
gptkbp:purpose to provide greater flexibility for recipients of Paycheck Protection Program loans
gptkbp:relaxesRestrictionsOn Paycheck Protection Program loan forgiveness
gptkbp:signedBy gptkb:Donald_Trump
2020-06-05
gptkbp:startDate 2020-06-05
gptkbp:bfsParent gptkb:Paycheck_Protection_Program_Flexibility_Act
gptkbp:bfsLayer 7