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Sen. Collins: Treasury Releases New Rule to Clarify PPP Loan Forgiveness Process
June 24, 2020
WASHINGTON, June 24 -- Sen. Susan M. Collins, R-Maine, issued the following news release:

The U.S. Department of Treasury issued a new rule last night specifying that small business owners who have received a Paycheck Protection Program (PPP) loan can submit a loan forgiveness application immediately after they have spent the funds.

At a Small Business Committee hearing earlier this month, U.S. Senator Susan Collins, the co-author of the PPP, had asked Treasury Secretar . . .

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