The first business day after the president signed changes to the Paycheck Protection Program into law, the Treasury Department and Small Business Administration (SBA) issued a joint statement on their plans for implementing the latest changes to the program.
The statement from Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza thanked the president and leaders of Congress for their bipartisan work on fixing the program, before stating that the agencies would issue new guidance to conform with the bill.
Read on for details from the announcement.