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SBA Administrator and Treasury Secretary Joint Statement on PPP

May 1, 2020 | Comments Off on SBA Administrator and Treasury Secretary Joint Statement on PPP

H.R. 266, the Paycheck Protection Program and Healthcare Enhancement Act, provides an additional $321 billion for the Paycheck Protection Program (PPP). The U.S. Small Business Administration (SBA) and U.S. Department of Treasury have been working together on the roll out of the program. SBA Administrator Jovita Carranza and Treasury Secretary Steve Mnuchin released the following…

ASA Joins Automotive Industry Coalition in Letter to NGA

April 29, 2020 | Comments Off on ASA Joins Automotive Industry Coalition in Letter to NGA

The Automotive Service Association (ASA) joined other automotive repair and maintenance associations in signing a letter to the National Governors Association (NGA) regarding workers compensation programs. Due to the ongoing COVID-19 pandemic, states are beginning to make COVID19 rules for workers compensation programs that could have an overreaching impact on employers and employees in a…

NHTSA Examines FMVSS Options for Autonomous Vehicles

April 28, 2020 | Comments Off on NHTSA Examines FMVSS Options for Autonomous Vehicles

Today, the U.S. National Highway Traffic Safety Administration (NHTSA) released a report highlighting options to work around 12 Federal Motor Vehicle Safety Standards (FMVSS) that pose as barriers to deploying autonomous vehicles. Per Politico, “The report examined FMVSS regarding occupant protection, door locks, head restraints, transmission shifting and braking, rollaway prevention, tire pressure monitoring systems…

U.S. Senators Send Letter in Endorsing Expanding PPP Eligibility

April 27, 2020 | Comments Off on U.S. Senators Send Letter in Endorsing Expanding PPP Eligibility

A bipartisan group of U.S. Senators sent a letter to Republican Leader Mitch McConnell (R-KY), Minority Leader Chuck Schumer (D-NY) , Senator Marco Rubio (R-FL), and Senator Ben Cardin (D-MD), urging consideration of 501(c)(6) organizations to be eligible for the Paycheck Protection Program (PPP). The PPP, established under the Coronavirus Aid, Relief, and Economic Security…

President Trump Signs Latest COVID19 Relief into Law

April 24, 2020 | Comments Off on President Trump Signs Latest COVID19 Relief into Law

President Trump signed H.R. 266, the Paycheck Protection Program and Healthcare Enhancement Act, into law. The $484 billion relief bill includes funding for the Paycheck Protection Program (PPP),  Economic Injury Disaster Loan (EIDL) Program, hospitals, and testing. The $350 billion PPP established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, ran out of…

SBA Administrator and Treasury Secretary Joint Statement on PPP

April 24, 2020 | Comments Off on SBA Administrator and Treasury Secretary Joint Statement on PPP

Today, President Trump signed into law H.R. 266, the Paycheck Protection Program and Healthcare Enhancement Act. The bill provides an additional $321 billion for the Paycheck Protection Program (PPP). The U.S. Small Business Administration (SBA) and U.S. Department of Treasury have been working together to provide guidance on the roll out of the program. SBA…

Updated Paycheck Protection Program FAQ Sheet

April 23, 2020 | Comments Off on Updated Paycheck Protection Program FAQ Sheet

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 Administration has produced an updated Paycheck Protection Program FAQ Sheet: The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to…

U.S. House Small Business Committee Hearing on Coronavirus Economic Relief

April 23, 2020 | Comments Off on U.S. House Small Business Committee Hearing on Coronavirus Economic Relief

This morning, the U.S. House of Representatives Committee on Small Business convened for a hearing titled, “Member Day Hearing on COVID-19 Response and Recovery: Committee on Small Business.” Members of Congress testified before the committee on their feedback, concerns, and priorities regarding the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) Program, both established…

Axios Discussion on Economic Impact of COVID19 on Small Businesses

April 23, 2020 | Comments Off on Axios Discussion on Economic Impact of COVID19 on Small Businesses

The COVID19 global pandemic has impacted Americans lives in every way, as the country begins to grow accustomed to a new normal. Axios held a virtual panel, “Helping Small Businesses Weather the Coronavirus Storm,” focusing on the economic impact of COVID19 on small businesses. Speakers on the panel included small business owners, financial technology (fintech) companies,…

U.S. House Passes Bill for Additional PPP, EIDL funding

April 23, 2020 | Comments Off on U.S. House Passes Bill for Additional PPP, EIDL funding

The U.S. House of Representatives passed H.R. 266, the Paycheck Protection Program and Healthcare Enhancement Act. The bill provides additional funding for the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL) Program, hospitals, and testing. The bill passed the U.S. Senate Tuesday afternoon. To view the bill, click here.

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