On Dec. 20, 2020, U.S. Congress authorized a second wave of COVID-19 relief by way of a second significant stimulus package. The bill was in limbo until it was finally signed into law a week later. The 5,593-page bill features enhanced unemployment payments and direct cash payments to Americans nationwide, and it also makes several adjustments to the Paycheck Protection Program (PPP).
My colleagues Jack Beeler and Cat Rice explain the second wave of this program, what differs from the first wave, eligibility, forgiveness and much more in this Porter Wright Law Alert.