House Passes Bill for More Flexibility in PPP Loans, Senate to Vote Next
Posted 06/01/2020

The House of Representatives approved new bipartisan legislation that would make loans issued from the Paycheck Protection Program easier to forgive. These new regulations aim to loosen restrictions on how the loan money can be used, while also extending the period that businesses are able to use funds. Some key changes that the bill will make include: 

  • Extending the loan forgiveness period
  • Giving more flexibility on how emergency funds can be allocated
  • Granting the ability to defer payroll taxes.

This "Paycheck Protection Program Flexibility Act" passed 417 to 1 in the House and will now be sent to the Senate for a vote. To learn more about the bill, click here.

Events
View All  â€˘  Submit Event
Newcomer Guide
Chamber Directory & Map
These premier Chamber publications are widely distributed throughout Nacogdoches County and beyond!
Texas Blueberry Festival   |   Business Development   |   Contact Us   |   Nacogdoches Jobs   |   Economy
© Copyright 2005-2020 Nacogdoches County Chamber of Commerce. All rights reserved.
2516 North St., Nacogdoches, Texas 75965 • (936) 560-5533
Unless otherwise noted, no part of this website may be reproduced without written permission.
Newcomer Guide
Chamber Directory & Map
These premier Chamber publications are widely distributed throughout Nacogdoches County and beyond!
© Copyright 2005-2020 Nacogdoches County Chamber of Commerce. All rights reserved.
2516 North St., Nacogdoches, Texas 75965 • (936) 560-5533
Unless otherwise noted, no part of this website may be reproduced without written permission.