American Rescue Plan Becomes Law, with Additional Small Business Assistance and Changes to the Paycheck Protection Program

On March 11, 2021, President Joe Biden signed into law the American Rescue Plan Act of 2021, which among other things, provides for additional funding and changes to the Paycheck Protection Program (PPP), as established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and subsequent legislation and executive department rules and guidance.

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