Senator Thom Tillis

@SenThomTillis ↗

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Last Checked July 14, 2020

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Sat May 23 14:07:43 +0000 2020

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Senator Thom Tillis @SenThomTillis

The Paycheck Protection Flexibility Act legislation will: 1⃣ Allow forgiveness for expenses beyond the 8-week covered period. 2⃣ Eliminate restrictions limiting non-payroll expenses to 25% of loan proceeds. 3⃣ Eliminate restrictions that limit loan terms to 2 years. — PolitiTweet.org

Posted May 23, 2020

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Senator Thom Tillis @SenThomTillis

This week, I co-introduced the Paycheck Protection Flexibility Act to extend the length of time businesses could use funds from the Paycheck Protection Program and eliminate restrictions that limit only 25% of funds to non-payroll expenses. https://t.co/xIJvt7Qhzw — PolitiTweet.org

Posted May 23, 2020

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Senator Thom Tillis @SenThomTillis

4⃣ Ensure full access to payroll tax deferment for businesses that take PPP loans. 5⃣ Extend the rehiring deadline to offset the effect of enhanced Unemployment Insurance. 6⃣ Adjusts program’s standards to account for economic realities following the coronavirus pandemic. — PolitiTweet.org

Posted May 23, 2020