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Jun
Key insights
The Paycheck Protection Program Flexibility Act was signed into law by the President on June 5, 2020.
Guidance issued by the SBA on June 10 clarified key provisions of the PPP Flexibility Act that were ambiguous.
As of June 12, 2020, $129 billion in PPP funds remain available.
The SBA and Treasury have stated that guidance in the form of a new loan application, new loan forgiveness applications, new IFRs, and new FAQs will be forthcoming.
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