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Massachusetts Passes Right to Repair Ballot Initiative Last night, Massachusetts voters overwhelmingly passed Question 1 “Right to Repair” ballot initiative, 75 percent to 25 percent. This proposal expands upon the previously passed Right to Repair initiative. expanding the scope to include telematics information.   This was a hotly contested initiative, and both sides spent millions…

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ASA Urges Shops to Contact Congress to Move New COVID-19 Relief Stimulus Package This week in Congress, talks continue between Treasury Secretary Steven Mnuchin, Speaker of the House Nancy Pelosi, other Republican congressional leaders, and members of the Trump Administration to finalize another stimulus package for COVID-19 relief.  Speaker Pelosi and Secretary Mnuchin have been…

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SBA Announces Streamlined Loan Forgiveness Process for Small PPP Loans The Small Business Administration (SBA) announced a streamlined process for Paycheck Protection Program (PPP) Loans under $50,000. Loans under $50,000 account for approximately 3.5 million of the 5.2 million total loans issued through PPP. This announcement comes after consistent complaints from small business owners about…

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U.S. House Small Business Committee Holds Hearing on Fraud and the PPP The United States House of Representatives Committee on Small Business conducted a hearing today to discuss ongoing fraud in the Paycheck Protection Program (PPP) and potential remedies. This hearing follows a Government Accountability Office (GAO) report that the Small Business Administration (SBA) neglected…

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Government Accountability Office Predicts Trouble with PPP Loan Forgiveness The Government Accountability Office (GAO) released a new report Monday warning of potential delays and bureaucratic difficulties for businesses attempting to convert their Paycheck Protection Program (PPP) loans into forgivable grants. As of September 8, the Small Business Association (SBA) has processed and forgiven only 56,000…

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White House Signs PPP Extension On July 4, 2020, President Trump signed S. 4116 into law. The bill extends the Paycheck Protection Program (PPP) application period to August 8, 2020. The U.S. Senate and U.S. House of Representatives passed the bill last week.   To read the statement from the White House, click here. Categories…

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House Passes PPP Extension The U.S. House of Representatives just passed S. 4116, a bill that extends the Paycheck Protection Program (PPP) application period to August 8, 2020. The U.S. Senate passed the bill last night under unanimous consent. The bill will be sent to President Trump’s desk to be signed into law. Categories Auto…

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U.S. House Committee Holds Hearing on the EIDL The U.S. House Committee on Small Business convened a hearing entitled, “The Economic Injury Disaster Loan Program: Status Update from the Administration.” Per the hearing notice from the committee, Mr. Rivera is responsible for the implementation of the Economic Injury Disaster Loan (EIDL) program, and the hearing…

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U.S. Senate Passes PPP Extension through August 8, 2020 Last night, the U.S. Senate passed a bill extending the Paycheck Protection Program (PPP) until August 8, 2020 under unanimous consent. The passage of the bill comes hours just before deadline for applications closed at midnight June 30, 2020. Per Politico, Senators had agreed that small…

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SBA and Treasury Announce New and Revised Guidance Regarding the PPP Per the U.S. Small Business Administration: The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP).  This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law…

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