Government Relations Update from KBA

PPP Forgiveness

The KBA, along with every other state banking association, is working diligently to negotiate a simpler, more equitable forgiveness method for PPP loans under a certain threshold. While you cannot rely on any change until it has been made (signed into law or made by amended IFR), know that Ballard has spoken regularly with our Washington delegation to explain the problems with the current forgiveness process. We will continue to keep you posted.