The House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program (PPP) bill.
The PPP bill, according to Chip Roy's office (R-Texas) would implement the following changes:
✔ Allow forgiveness for expenses beyond the 8-week covered period.
✔ Eliminate restrictions limiting non-payroll expenses to 25 percent of loan proceeds.
✔ Eliminate restrictions that limit loan terms to two years.
✔ Ensure full access to payroll tax deferment for businesses that take PPP loans.
✔ Extend the rehiring deadline to offset the effect of enhanced Unemployment Insurance.
The most comprehensive tool to swiftly calculate and document your PPP Loan Forgiveness claim.