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DOL Announces Final Rule to Expand Access to Bonuses for Workers
NHTSA Announces Effort to Modernize Vehicle Lighting Standards 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 to the fixed…
Read MoreU.S. Senate Committee Holds Remote Hearing on CARES Act
NHTSA Announces Effort to Modernize Vehicle Lighting Standards 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 [SBA]…
Read MoreDepartment of Treasury and SBA Release Loan Forgiveness Application
NHTSA Announces Effort to Modernize Vehicle Lighting Standards 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 pandemic.…
Read MoreSBA PPP Repayment Deadline May 18
NHTSA Announces Effort to Modernize Vehicle Lighting Standards 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…
Read MoreHouse Committee on Small Business Holds Online Forum
NHTSA Announces Effort to Modernize Vehicle Lighting Standards 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 MoreTreasury Dept. Updates PPP FAQ Sheet
NHTSA Announces Effort to Modernize Vehicle Lighting Standards 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 pandemic.…
Read MoreAutomotive Aftermarket Associations Urge Congressional Leaders to Oppose Cash for Clunkers Program
NHTSA Announces Effort to Modernize Vehicle Lighting Standards Major automotive aftermarket associations, including the Auto Care Association, Tire Industry Association and Service Station Dealers of American and Allied Trades, the Automotive Oil Change Association, and the Automotive Service Association, sent a letter to Congressional leaders in opposition of a new “Cash for Clunkers” type program…
Read MoreHouse Democratic Leadership Releases COVID-19 Fourth Stimulus Package
NHTSA Announces Effort to Modernize Vehicle Lighting Standards The U.S. House of Representatives Democratic leadership unveiled the COVID-19 fourth stimulus package. The House is expecting to vote on the package on Friday. The bill also makes changes to the Paycheck Protection Program (PPP), including expansions to the types of organizations that are eligible for the…
Read MoreSBA Cuts EIDLs and Blocks New Applications
NHTSA Announces Effort to Modernize Vehicle Lighting Standards The Washington Post reported that the U.S. Small Business Administration (SBA) is decreasing the loan limit for the Economic Injury Disaster Loan (EIDL) program from $2 million to $150,000 for small businesses and is blocking new applications due to the programs popularity. Congress recently replenished the EIDL…
Read MoreNHTSA Report Shows Decrease in Traffic Fatalities
NHTSA Announces Effort to Modernize Vehicle Lighting Standards The National Highway Traffic Safety Administration (NHTSA) released an early report on the estimate of motor vehicle fatalities in 2019. According to NHTSAs findings, there was a slight decrease in fatal car crashes in 2019 when compared to 2018. In the report, NHTSA states that they are…
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