It looks like the “Payroll Protection Program” (“PPP”) created by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and which expired on June 30, 2020, will be given a much-needed extension.² As of July 2, 2020, both the Senate and the House of Representatives have voted to extend the deadline for PPP loan applications until August 8, 2020.

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PPP Loan Program Expected to Extend to August 8, 2020