{"id":"FED-341","kind":"order","level":"federal","jurisdiction":"United States","state":"","metro":"","industry":"","agency":"","eco":"","issuer":"U.S. Small Business Administration (with Treasury)","authority":"CARES Act §§ 1102, 1106, 1114; 15 U.S.C. § 636(a)(36)","instrument":"Business Loan Program Temporary Changes; Paycheck Protection Program (interim final rule), 85 Fed. Reg. 20811 (Apr. 15, 2020)","title":"Business Loan Program Temporary Changes; Paycheck Protection Program","dateIssued":"2020-04-02","effective":"2020-04-15 (applied from Apr. 3, 2020)","end":"program authority expired Aug. 8, 2020.","startDate":"2020-04-15","endDate":"2020-08-08","quarters":["2020Q2","2020Q3"],"types":["OTHER"],"addressees":["small businesses","SBA 7(a) lenders"],"clause":"SUMMARY: This interim final rule announces the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). Section 1102 of the Act temporarily adds a new product, titled the \u0027Paycheck Protection Program,\u0027 to the U.S. Small Business Administration\u0027s (SBA\u0027s) 7(a) Loan Program. Section 1106 of the Act provides for forgiveness of up to the full [principal amount of qualifying loans]...","enforcement":"program rule","functions":["BL business lending (banks and credit unions as PPP lenders)","OP borrower payroll retention"],"notes":"","sourceUrl":"https://www.govinfo.gov/content/pkg/FR-2020-04-15/pdf/2020-07672.pdf","snapshot":"","fileExists":true,"fileBytes":204796,"grade":"primary","character":"","description":"","collection":"FED-B","url":"/library/FED-341","exhibitUrl":"/exhibit/FED-341","citation":"U.S. Small Business Administration (with Treasury), Business Loan Program Temporary Changes; Paycheck Protection Program (interim final rule), 85 Fed. Reg. 20811 (Apr. 15, 2020) (Apr. 2, 2020) (Ex. FED-341)","stateName":"","related":[]}