May 28, 2020: COVID-19 Legislative Update

COVID-19 - May 28, 2020

Policy Resolution Group COVID-19 Legislative Update

May 28, 2020

PPP Reform Efforts

In today’s update you will find:

  • PPP Reform Efforts. Our note covers continued Congressional efforts to reform the CARES Act’s flagship small business loan program, focusing on House passage of the Paycheck Protection Program Flexibility Act (as amended) and the next steps in the Senate. The important takeaway: Modifications made to the bill yesterday evening make its swift passage in the Senate increasingly likely.
  • Renewable Safe Harbor Deadline Extension. We also unpack important news from the Internal Revenue Service about the extension of safe harbor deadlines for renewable energy projects.
  • New Main Street Lending Program Materials. The brief concludes with a collection of new forms and agreements released by the Federal Reserve for eligible borrowers and lenders to participate in the Main Street Lending Programs.

Read the full update here.