(Recorded Webinar) Paycheck Protection Program Flexibility Act

This course is closed to new enrollments.

Duration: 80 minutes
Webinar recorded on: 6/11/2020

To address some of the specific questions and areas of interest that arose from participants on our 6/11/20 webinar regarding the PPP Flexibility Act, as well as SBA guidance that was issued on June 12, our presenting attorneys recorded an updated version of the webinar for the on-demand offering.  This updated and tailored version includes specific examples in those areas of interest and is being made available to all who attended.

On June 5, 2020, the rules of the Paycheck Protection Program (“PPP”) were again changed, this time through the PPP Flexibility Act. As its name suggests, the new law was enacted primarily to make use of PPP funds more flexible and to expand the period during which the funds could be used for expenses that will be eligible for loan forgiveness.

Among other things, the Flexibility Act:

  • Expands the period during which PPP loan funds may be used for payroll and nonpayroll costs.
  • Expands the “covered period” during which payroll and nonpayroll costs eligible for forgiveness may be incurred or paid.
  • Reduces of the “75 percent payroll costs” threshold applicable to loan forgiveness to a 60-percent threshold, and also enhances the negative consequences of not meeting the new threshold.
  • Extends the period during which employers may return FTE and salary amounts to their original levels to avoid loan forgiveness penalties.
  • Creates a new safe harbor for FTE reductions that permits employers to avoid FTE reduction penalties on loan forgiveness amounts if they are able to show that their business has not returned to pre-February 15, 2020 levels due to compliance with certain federal agency social distancing and sanitization guidelines.

Some of these flexibilities will aid borrowers, while others may be more trouble than they are worth – or even lead to unanticipated negative impacts on overall loan forgiveness. As each borrower’s circumstance differ, strategic decisions must be made based on the best information currently available.  

This webinar will offer a brief recap of Loan Forgiveness rules as they stood prior to this statutory change, followed by a detailed discussion of the changes. 

Target Audience

  • CEOs/Program Directors
  • In-house legal counsel
  • CFOs and Fiscal Staff
  • Compliance Officers and Staff
  • Outside counsel

Learning Objectives

After this webinar, you will be able to:

  • Understand the PPP Loan Forgiveness framework, including practical considerations relating to funds use, deconflicting funding streams, and prudent approaches to documentation.
  • Understand the changes made to the PPP Loan Forgiveness framework by the PPP Flexibility Act, including impacts to practical considerations of PPP funds use and documentation.
  • Evaluate pros and cons of electing to use the flexibilities offered by the PPP Flexibility Act or “stay the course” under the pre-existing framework.


Course summary
Available credit: 
  • 1.25 Certificate of Attendance
Course opens: 
Course expires: 


A partner with the firm, Michael practices in the Federal Grants and Health Law groups, and has over three decades of experience advising community-based organizations on a broad range of legal matters. Specifically, he offers guidance to Federally Qualified Health Centers, other federal grantees, and several professional and trade associations on the 340B drug discount program, tax exemption, grants law, and fraud matters. [Full Bio]


A Senior Associate in the firm’s Federal Grants and Health Law practice groups, Joe advises clients on matters of federal grant law, government contract law, and health care law. Prior to joining the firm, Joe served as program counsel with the United States Navy Office of General Counsel at the Naval Sea Systems Command where he provided government contract law and federal fiscal law advice to program leadership and contracting personnel in critical programs. In addition, he also represented the Navy as lead trial attorney on bid protests before the U.S. Government Accountability Office (GAO). [Full Bio]


A Partner with the firm in the Federal Grants and Health Law practice groups, Scott advises clients on matters of federal grant law, government contract law, and health care law.  Scott assists clients with the myriad requirements that apply upon acceptance of federal grant funding, including the administrative requirements and cost principles established in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), the Office of Management and Budget (OMB) Circulars that preceded the Uniform Guidance, and program-specific statutory and regulatory funding conditions. [Full Bio]

Certificates of Attendance: We verify attendance upon completion of a webinar (live or recorded version) and will only issue certificates in the name of the account holder enrolled in the course. If you need to document attendance for someone other than the account holder, we provide blank Certificates of Attendance for a supervisor to sign and certify that a different individual viewed the course. 

Group Attendance: Due to the online nature of webinars, we cannot verify participation by more than one person. For groups, we provide an attendance record form and blank Certificates of Attendance to record attendance at a group viewing session and document each individual's participation. We recommend that a supervisor or colleague sign the certificate to certify attendance. 

Read more about maintaining an attendance record in our FAQs.

Available Credit

  • 1.25 Certificate of Attendance


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This course is closed to new enrollments.


Recorded webinars are available for 180 days after the date of purchase or date of the webinar. Once posted to your account, you can view this webinar anytime on-demand during the access period identified in your purchase confirmation. For additional information on viewing and accessing webinars, view our full terms and conditions here.


If you pay by credit card or PayPal, you will be able to access the recorded webinar immediately (unless the live webinar has not yet occurred). If you pay by check, we will grant access to the recording when we receive your check. You will receive a confirmation email once access is granted. FTLF reserves the right to suspend access to the webinar if payment is not received within 30 days. For more information on payments and registration, please visit our FAQ page.


No refunds will be provided for recorded webinars. FTLF can transfer a registration to someone else within your organization or, provided you have not already viewed the webinar, transfer the registration to another on-demand program. Where the registration fee for the new webinar is higher, you must also pay the difference between the original course and the new course registration fee at the time of transfer. Administrative fees may also apply. If your organization purchased a webinar under the account of a staff member who no longer works for your organization, please Contact Us. View our full policy on refunds and cancellations here.

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