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To embed, copy and paste the code into your website or blog: Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans On January 6, 2021, the Small Business Administration (the “ SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to as the “ Consolidated First Draw PPP IFR” or the “ IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness.

United statesWilliamd fordPaycheck protection program under divisionOffice of inspectorBusiness loan program temporaryDepartment of healthTelevision broadcastingFood servicesCenters for diseaseRailroad retirementSecurities exchangeDepartment of the treasuryMember of congressUs department of educationBusinesses ineligible for the paycheck protection programCommunications commission