On April 24th, President Trump signed into law the Paycheck Protection Program and Healthcare Enhancement Act, which replenishes the original Paycheck Protection Program (PPP) funds appropriated under the CARES Act with an additional $321 billion.  The U.S. Department of Treasury and the Small Business Association have also issued new rules/clarifications on who is eligible for these funds.

Please refer to these two overviews provided by the following law firms:

SheppardMullin 

Enactment of the Paycheck Protection Program AND Healthcare Enhancement Act and Further Interpretive Guidance on The Economic Uncertainty Certification And PPP Eligibility
April 24, 2020
By: Nirav Bhatt & Bijal Vira; SheppardMullin

White & Williams, LLP 

Private Equity and Other Businesses Need Not Apply: SBA Issues Fourth Paycheck Protection Program Interim Final Rule
April 28, 2020
By: Ryan J. Udell and Adam J. Chelminiak; White & Williams, LLP