WASHINGTON, D.C. – June 4, 2020 – The U.S. Senate Committee on Small Business held a hearing entitled, “Perspectives from Main Street: COVID-19’s Impact on Small Business.” To view the hearing, click here. In his opening statement, Chairman Marco Rubio…
WASHINGTON, D.C. - 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…
WASHINGTON, D.C. - 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…
WASHINGTON, D.C. - Today, the U.S. House of Representatives passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020, 417 – 1. The bipartisan bill was introduced by Congressman Chip Roy (R-Texas) and Congressman Dean Phillips (D-Minnesota). The legislation…
WASHINGTON, D.C. - Today, California and 22 other states and jurisdictions sued the Trump Administration over the U.S. Environmental Protection Agency (EPA) and the National Highway Safety Traffic Administration (NHTSA) final rule, The Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for…
WASHINGTON, D.C. - The U.S. Small Business Administration in conjunction with the U.S. Department of Treasury released new guidance regarding the Paycheck Protection Program (PPP). The interim rules can be found here: Interim Final Rule on Loan Forgiveness (Released May 22,…
Per the U.S. Small Business Administration: The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. CLICK HERE FOR APPLICATION The form…
WASHINGTON, D.C. - U.S. Rep. Chip Roy (R-Texas), along with Congressman Dean Phillips (D-Minnesota), Congressman Tom Emmer (R-Minnesota), and Congressman Fred Upton (R-Michigan), introduced H.R. 6886, the Paycheck Protection Flexibility Act. The bipartisan bill will make necessary changes to the…
WASHINGTON, D.C. - U.S. Rep. Dean Phillips (D-Minnesota) and U.S. Rep. Chip Roy (R-Texas) have introduced H.R. 6886, the Paycheck Protection Flexibility Act. The bipartisan bill is aimed at making necessary changes to the Paycheck Protection Program (PPP) as business…
WASHINGTON, D.C. - U.S. Senate Committee on Banking, Housing, and Urban Affairs convened a remote hearing today entitled “The Quarterly CARES Act Report to Congress.” CLICK HERE to view hearing in its entirety. In his opening statement U.S. Department of…
WASHINGTON, D.C. - 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…
WASHINGTON, D.C. - 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…
https://youtu.be/SelnTAezp-8 WASHINGTON, D.C. – May 15, 2020 – The U.S. House of Representatives has passed the fifth Coronavirus stimulus package, H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. Passage of the $3 trillion package came swiftly…
WASHINGTON, D.C. - 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. To VIEW the discussion, click here. To read the letter…
WASHINGTON, D.C. - 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…
WASHINGTON, D.C. - The U.S. House of Representatives Democratic leadership unveiled the COVID-19 fourth stimulus package. The House will vote on the package on Friday. To read the highlighted summary, click here. To read the full bill text, click here.
WASHINGTON, D.C. - ASA and four other major automotive aftermarket associations have joined to oppose the inclusion of a new “Cash for Clunkers” type program in the next COVID-19 stimulus legislation. The Auto Care Association, Tire Industry Association, Service Station…
WASHINGTON, D.C. - 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…
