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Home » Congress passes bill to extend PPP deadline to Aug. 8
Policy & Issues

Congress passes bill to extend PPP deadline to Aug. 8

July 1, 2020
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The House and Senate passed a bill that would extend the deadline for applying for Paycheck Protection Program (PPP) loans. President Donald Trump signed the bill in early July.

The bill, introduced by Senate Small Business Committee Ranking Member Sen. Ben Cardin (D-Md.), would extend the deadline for applying for PPP loans to Aug. 8.

Though the PPP still has approximately $130 billion in unspent funds, the program expired June 30 at midnight.

Credit unions are strong supporters of the PPP, but CUNA has engaged with Congress, the Treasury and Small Business Association with concerns about the program, including on the need for guidance on several matters and lender liability protection.

KEYWORDS PPP
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Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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