Featured
Trump Administration Sued Over Auto Emissions Rollback Rule
Trump Administration Sued Over Auto Emissions Rollback Rule Today, California and 22 other states and jurisdictions sued the Trump Administration over the U.S. Environmental Protection Agency (EPA) and the National Highway Safety Traffic Administration (NHTSA) final rule, The Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for Model Years 2021-2026 Passenger Cars and Light Trucks. Per California Attorney…
Read MoreSBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application
SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application Per the U.S. Small Business Administration: The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness…
Read MoreAdditional Guidance on the PPP Loan Forgiveness Program
Additional Guidance on the PPP Loan Forgiveness Program The U.S. Small Business Administration in conjunction with the U.S. Department of Treasury released new guidance regarding the Paycheck Protection Program (PPP). The interim rules can be found here: Interim Final Rule on Loan Forgiveness (Released May 22, 2020) Interim Final Rule on Loan Review Procedures and Related…
Read MoreU.S. House Considers PPP Reform Stand-alone Bill
U.S. House Considers PPP Reform Stand-alone Bill Congressman Chip Roy (R-TX), along with Congressman Dean Phillips (D-MN), Congressman Tom Emmer (R-MN), and Congressman Fred Upton (R-MI) introduced H.R. 6886, the Paycheck Protection Flexibility Act. The bipartisan bill will make necessary changes to the Paycheck Protection Program (PPP) as business owners nationwide have expressed concerns with…
Read MoreU.S. House May Consider PPP Reform Stand-alone Bill
U.S. House May Consider PPP Reform Stand-alone Bill Congressman Dean Phillips (D-MN) and Congressman Chip Roy (R-TX) introduced H.R. 6886, the Paycheck Protection Flexibility Act. The bipartisan bill will make necessary changes to the Paycheck Protection Program (PPP) as business owners nationwide have expressed concerns with the program. The legislation will: Allow forgiveness for expenses…
Read MoreDOL Announces Final Rule to Expand Access to Bonuses for Workers
DOL Announces Final Rule to Expand Access to Bonuses for Workers The U.S. Department of Labor (DOL) held a background briefing regarding a final rule that allows employers to offer bonuses or other incentive-based pay to employees whose hours vary from week to week. Per the DOL, the final rule clarifies that payments in addition…
Read MoreU.S. Senate Committee Holds Remote Hearing on CARES Act
U.S. Senate Committee Holds Remote Hearing on CARES Act U.S. Senate Committee on Banking, Housing, and Urban Affairs convened a remote hearing today entitled “The Quarterly CARES Act Report to Congress.” In his opening statement U.S. Department of Treasury Secretary Steven Mnuchin stated that the Department has “worked closely with the[U.S.] Small Business Administration…
Read MoreDepartment of Treasury and SBA Release Loan Forgiveness Application
Department of Treasury and SBA Release Loan Forgiveness Application The U.S. Small Business Administration is working in conjunction with the U.S. Department of Treasury on the implementation of the Paycheck Protection Program (PPP). The PPP was established under H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, in response to the ongoing COVID-19…
Read MoreSBA PPP Repayment Deadline May 18
SBA PPP Repayment Deadline May 18 In a interim rule, the U.S. Small Business Administration (SBA) provided that any borrower who applied for a PPP loan and repays the loan in full by May 14, 2020 will be deemed by SBA to have made the required certification concerning the necessity of the loan request in…
Read MoreHouse Committee on Small Business Holds Online Forum
House Committee on Small Business Holds Online Forum The U.S. House Committee on Small Business held an online forum with Small Business Administration (SBA) lenders to discuss the Paycheck Protection Program (PPP) and future efforts. Throughout the online forum, similar sentiments were expressed from members of Congress and panelists praising the work done thus far…
Read More