paycheck protection program and loan forgiveness (a) Covered loan period Section 7(a)(36)(A)(iii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(iii) ) is amended by striking June 30, 2020 and inserting December 31, 2020 . (b) Covered period for loan forgiveness and rehires Section 1106 of the CARES Act ( Public Law 116–136 ) is amended— (1) in subsection (a)(3), by striking 8-week and inserting 24-week