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COVID 19 Updates

Congress Considering Changes to Paycheck Protection Program

Will Burns on Thursday, May 21, 2020 at 12:00:00 am

Both houses of Congress are considering changes to the Paycheck Protection Program. 

According to the U.S. Chamber, the Senate may take action today to pass a bill that includes revisions to the Paycheck Protection Program that would extend the period in which small businesses can use the funds. Next week, the House is expected to consider the Paycheck Protection Flexibility Act (H.R. 6886). The bill makes a number of positive changes to the PPP, but it does not address the issue of 501 (c)(6) inclusion. 

Contact your Congressional delegation and encourage them to make 501(c)(6) organizations eligible for financial relief under PPP. 

 

 

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