Paycheck Protection Program Extended; USMCA Replaces NAFTA

This week Congress passed an extension to the Paycheck Protection Program (PPP), the small business coronavirus relief loan program, which had been set to expire on July 1st. The program will now accept applications through August 8th, and has approximately $130 billion in remaining funds.

USMCA Enters Into Force Next Week

Next Wednesday, July 1 the United States-Mexico-Canada Agreement (USMCA) will officially enter into force, replacing the 26-year-old North American Free Trade Agreement (NAFTA).

Senate Passes PPP Fixes; USMCA Auto Rules Finalized

This week the U.S. Senate overwhelmingly passed legislation, previously passed by the House last week, which will make changes to Paycheck Protection Program (PPP) to make it more accessible and allow for more flexibility for loan recipients.