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Bipartisan Letter to SBA Regarding EIDL
House Committees Schedule Markups on Key Automotive Legislation Yesterday, the House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Steve Chabot (R-OH) led a bipartisan group of Committee members in a letter to the Small Business Administration (SBA) asking for information regarding issues borrowers have faced with the Economic Injury Disaster Loan (EIDL) Program.…
Read MoreVehicle Traffic Drops Drastically in April
House Committees Schedule Markups on Key Automotive Legislation Per Politico, data collected from the U.S. Department of Transportation and the U.S. Department of Treasury highlight just how drastically car traffic has dropped off in the past few months — and the resulting hit to the Highway Trust Fund. The Federal Highway Administration (FHWA) released a report…
Read MoreOSHA COVID-19 Guidance
House Committees Schedule Markups on Key Automotive Legislation The Department of Labor’s Occupational Safety and Health Administration (OSHA) continues to provide guidance to assist employees and employers with maintaining safe and healthy working conditions during the coronavirus pandemic. This guidance will be particularly useful as states continue to re-open. We have collected below a list…
Read MoreIIHS Study Finds AVs Might Not Prevent All Crashes
House Committees Schedule Markups on Key Automotive Legislation A new study released by the Insurance Institute for Highway Safety (IIHS) found that autonomous vehicles (AVs) would struggle to eliminate most crashes. Per IIHS, “Conventional thinking has it that self-driving vehicles could one day make crashes a thing of the past. The reality is not that…
Read MoreTrump Signs PPP Flexibility Act Into Law
House Committees Schedule Markups on Key Automotive Legislation President Trump just signed H.R. 7010, the Paycheck Protection Program (PPP) Flexibility Act, into law. The bipartisan bill introduced by Congressman Chip Roy (R-TX) and Congressman Dean Phillips (D-MN) passed the U.S. House of Representatives last week on a 417-1 vote. The U.S. Senate passed the bill…
Read MoreFinal Rules for CCPA
House Committees Schedule Markups on Key Automotive Legislation Per Protocol: Technically, the California Consumer Privacy Act (CCPA) has been law since January. Companies were given six months to figure out how to comply, while the state figured out the final rules and how to enforce them. Enforcement never stops being tricky, as we’ve seen with…
Read MoreUPDATE: Additional Information for PPP and Small Business Assistance
House Committees Schedule Markups on Key Automotive Legislation The Trump Administration continues to update and provide additional information and resources with regard to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The U.S. Department of the Treasury and the U.S. Small Business Administration released additional guidance regarding the Paycheck Protection Program: Assistance for Small…
Read MoreSBA and Department of Treasury Announce Interim Final Rule
House Committees Schedule Markups on Key Automotive Legislation The U.S. Small Business Administration (SBA) and U.S. Department of Treasury released an interim final rule on Temporary Changes to the Business Loan Program under the Paycheck Protection Program (PPP). The interim rule provides borrowers and lenders guidance on requirements governing the forgiveness of PPP loans. “This…
Read MoreOSHA Issues Alert on Social Distancing During Pandemic
House Committees Schedule Markups on Key Automotive Legislation The U.S. Department of Labor Occupational Safety and Health Administration (OSHA) has been dedicated to keeping American workers safe during the COVID-19 pandemic. Per the Department of Labor, “Today, Principal Deputy Assistant Secretary for Occupational Safety and Health Loren Sweatt testified before the House Education and Labor…
Read MoreSBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the PPP
House Committees Schedule Markups on Key Automotive Legislation “Today, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity…
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