The EACA recoreded a panel discussion on Friday, August 14 on a review of the New Round of PPP Legislation.

The Payroll Protection Program (PPP) was initially signed into law on March 27 as part of the CARES Act.    The language in the legislation left many more questions than answers and has made it very challenging for companies to decide how to make best use of the funds obtained.   On Friday, June 5 the Payroll Protection Program Flexibility Act was signed into law to make adjustments to the original legislation.  But like in the case of the original law, this federal legislation also creates confusion and questions.

As the COVID infection rates endure,  Congress has recognized that those companies that have been most severely impacted by the pandemic need additional relief to survive.  Today’s program will review all aspects of the most recent version of the PPP provision in the CARES Act with Tim Heffernan of T3 Expo and Kevin Binger of Cassidy & Associates who have been directly involved in the crafting of the legislation and who have much of the inside information as to what updates and changes are in store.

Some probable questions are:

  • What specific changes have been made to PPP?
  • What are the next changes and/or clarifications under consideration?
  • Any additional info on the Safe Harbor provision?
  • Any chance that those who’ve already received loans can re-apply for another round?
  • Can you tell us about the status of PRIA (Pandemic Risk Insurance Act) covering business interruption and event cancellation?

Our Panel:

On Friday, August 14 our panel will include:

  • Tim Heffernan, CDO, T3 Expo
  • Kevin Binger, Senior VP, Cassidy & Associates
  • Chris Griffin, President/CEO, CREW XP
  • David Holloway, COO, Eagle Management