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The Consolidated Appropriations Act, 2021: Round 2 of the Paycheck Protection Program | Lowndes

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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: ....

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Federal Stimulus and COVID-19 Relief | Sands Anderson PC

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On December 21, 2020 Congress passed an annual spending bill containing $900 billion in COVID-19 pandemic relief and stimulus measures. President Trump signed this bill into law on December 27, 2020. In addition to approving a budget to keep the federal government operating through September 30, 2021, the bill is intended to provide relief for individuals and certain businesses and funding for vaccine distribution, food assistance, education, and childcare. While the bill contains many provisions on a wide range of topics, we wanted to highlight and summarize the following, which are most important to our clients and contacts: ....

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