Washington Report 360 | April 24, 2020

Congress approved $380 billion for SBA PPP and $100 billion to healthcare industry; Heightened attention on the SBA PPP

Amy S. Matsuo

Amy S. Matsuo

ESG and Regulatory Insights Lead, KPMG LLP

Key Highlights

  • Congress has approved $380 billion to supplement SBA programs and an additional $100 billion for hospitals, health care workers, and testing.
  • Heightened attention on the SBA’s Paycheck Protection Program seen in new funding legislation, new guidance from Treasury and SBA on eligible companies, FRB and FHFA efforts to provide liquidity related to PPP loans, certain companies voluntarily returning PPP funds.

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