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Name: Paycheck Protection Program Flexibility Act of 2020 (Public Law No: 116-142).
Country: United States of America
Subject(s): Wages; Economic and social policy
Type of legislation: Law, Act
Adopted on: 2020-06-05
Entry into force:
ISN: USA-2020-L-110070
Bibliography: Legislation on-line Legislation on-line US Government Publishing Office, USA PDF PDF (consulted on 2020-07-08)
Abstract/Citation: To amend the Small Business Act and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to modify certain provisions related to the forgiveness of loans under the paycheck protection program (PPP), to allow recipients of loan forgiveness under the paycheck protection program to defer payroll taxes, and for other purposes. The PPP was set by the US Federal government help certain business, self-employed workers, sole proprietors, certain non-profit organizations and tribal businesses to ensure they can keep paying their workers during the COVID-19 pandemic.
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