Legislative and regulatory news from Louisiana, California, Michigan and more. (Photo: iStock)
Editor's Note: At the start of each month, we publish insurance legislative and regulatory news and updates from around the nation.
National updates
The Paycheck Protection Program Flexibility Act passed the U.S. House. If passed, the reform bill would provide more flexibility to small businesses using the Paycheck Protection Program (PPP) relief loans. Other changes to the program include extending the eight-week period in which funds must be spent for forgiveness to 24 weeks, as well as extending the repayment period money owned from two years to up to five years.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
