To embed, copy and paste the code into your website or blog: After days of uncertainty, the Consolidated Appropriations Act, 2021 (the “Act”) was passed by Congress on December 21, 2020, and signed into law by President Donald Trump on December 27, 2020. This is the second-largest federal stimulus package approved by Congress this year following the $2 trillion CARES Act passed in March 2020. This new $900 billion COVID relief package includes $284 billion in aid for small businesses through a second round of Paycheck Protection Program (PPP) forgivable loans. The new round of PPP loans (“PPP2”) includes the following relief in addition to new PPP loans for first-time borrowers: