The Senate voted 92-7 to extend the Paycheck Protection Program (PPP) to the end of May. Earlier this week, the Small Business Administration (SBA), the department charged with dispersing the PPP, issued an Interim Final Rule (IFR) regarding new provisions from the American Rescue Plan Act of 2021. Included in the American Rescue Plan Act of 2021 were provisions allowing small hospitals with fewer than 500 employees at a location to be eligible for the funding, even if affiliated with a larger system. NRHA will continue to monitor SBA’s actions in implementing new PPP provisions.
