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Paycheck Protection Program application.  Credit: G.Tbov/Shutterstock.com Paycheck Protection Program application. Credit: G.Tbov/Shutterstock.com

The Consolidated Appropriations Act, comprised of more than 5,500 pages and including a $900 billion stimulus package, became law on Dec. 27, 2020. As part of this law, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the Economic Aid Act), provides, among other things (a) $284.5 billion to restart the Paycheck Protection Program (PPP 2.0), (b) $15 billion of grants for shuttered live venues, theatres, museums and zoos (Shuttered Venue Operator Grant Program), and (c) $20 billion for Economic Injury Disaster Loans.

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