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While the State Legislature remained adjourned this week, the Assembly and Senate are scheduled to reconvene on Monday, July 20, 2020. It has been reported that legislative leaders are planning a “robust agenda,” similar to a typical end-of-session agenda. 

NYBA joined with state banking groups across the country to urge passage of the Paycheck Protection Program Small Business Forgiveness Act, which would allow PPP loans of $150,000 or less to be automatically forgiven once the borrower completes a one-page forgiveness document. 

 

For more information, please contact:

Michael P. Smith, President, NYBA, at (212) 297-1699
Clare M. Cusack, General Counsel, at (212) 297-1664
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations, at (212) 297-1669