H.R.7010 has passed both the House and the Senate and is expected to be signed by the White House momentarily. This bill provides much needed relief to the PPP program:
There are no new talk of increased funding, thus if you were unable to apply that is unlikely to change. Still, for those lucky enough to meet the PPP requirements, this is great news.
For more information see the full text at: https://www.congress.gov/bill/116th-congress/house-bill/7010/text.
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California has required employers to “indemnify” employees for “necessary expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties, or of his or her obedience to the directions of the employer” in substantially the same terms since 1937 under Labor Code § 2802.
