The U.S. Senate has passed the Paycheck Protection Program (PPP) Flexibility Act of 2020, which amends PPP terms in favor of loan recipients. Now headed to President Donald Trump, the bill established a minimum maturity of five years for a loan “with a remaining balance after forgiveness,” according to Auto Care Association officials.
Auto Care Association Signs Coalition Letter Requesting Liability Protection
A multi-industry coalition that includes the Auto Care Association is urging Congress to enact temporary liability protections against COVID-19 exposure claims. “The need for liability protections and relief is clear,” the coalition stated in a recent letter.