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House Committee on Small Business Holds Online Forum
House Committees Schedule Markups on Key Automotive Legislation 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
House Committees Schedule Markups on Key Automotive Legislation 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
House Committees Schedule Markups on Key Automotive Legislation 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
House Committees Schedule Markups on Key Automotive Legislation 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
House Committees Schedule Markups on Key Automotive Legislation 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
House Committees Schedule Markups on Key Automotive Legislation 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…
Read MoreSenator Cardin Sits Down to Discuss PPP
House Committees Schedule Markups on Key Automotive Legislation Senator Ben Cardin (D-MD), the ranking democrat on the Senate Committee on Small Business and Entrepreneurship, joined Politico’s chief economic correspondent, Ben White, to discuss the Paycheck Protection Program (PPP). The COVID-19 pandemic has presented unprecedented challenges to Americans. Over the past few weeks, many small business…
Read MoreIRS Issued PPP Guidance Creates Upset Amongst Lawmakers
House Committees Schedule Markups on Key Automotive Legislation Last week the Internal Revenue Service (IRS) issued guidance on the Paycheck Protection Program (PPP) that would prevent businesses from deducting expenses like rent and wages that are covered with the loans from the PPP. The IRS interpretation is the opposite of how Congressional lawmakers intended it.…
Read MoreU.S. DOL Holds National Dialogue on Reopening America’s Workplaces
House Committees Schedule Markups on Key Automotive Legislation The U.S. Department of Labor (DOL) is seeking comment and input from the public regarding reopening workplaces. Per the DOL: The U.S. Department of Labor (DOL) invites small business and workers to participate in the DOL’s “Opening America’s Workplaces Again National Online Dialogue.” Through this dialogue, the…
Read MoreASA Joins America’s Recovery Fund Coalition
House Committees Schedule Markups on Key Automotive Legislation The Automotive Service Association (ASA) has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program to power the resilience of American enterprise. Together, the Coalition’s members span 30 business sectors and employ 45 percent…
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