PPP Foreign Affiliates Interim Final Rule Summary
On May 18, 2020, the SBA released this twelfth PPP Interim Final Rule (Rule) which supplements previously published interim final rules by providing additional eligibility requirements related to entities with foreign affiliates. As a whole, the Rule supplements implementation of sections 1102 and 1106 of the CARES Act, and the SBA requests public comment on all parts of the Rule, just as it has with all prior Interim Final Rules.
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