PIA Seeks to Simplify PPP Loan Forgiveness Process

On July 9, PIA National was joined by over 100 business groups in signing a letter of support for S. 4117,  the Paycheck Protection Small Business Forgiveness Act, sponsored by Senators Kevin Cramer (R-ND) and Kyrsten Sinema (D-AZ). Businesses that have received Paycheck Protection Program (PPP) loans can apply for loan forgiveness if they abide …

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House Passes Paycheck Protection Program Extension

Tonight, the U.S. House passed S. 4116 by unanimous consent. The bill extends the deadline for businesses to apply for coronavirus aid through the Paycheck Protection Program until August 8th. This action follows the U.S. Senate which passed the bill last night hours before the program’s authorization to lend funds expired. The program still has …

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PIA Opposes the Business Interruption Relief Act

This week, Rep. Mike Thompson (D-CA) introduced H.R. 7412, the Business Interruption Relief Act, which would create a voluntary program for insurers in which they could retroactively pay business interruption (BI) claims and be reimbursed by the federal government. PIA National opposed similar legislation introduced in the spring, and we oppose this legislation for many …

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Senate Passes Paycheck Protection Program Deadline Extension

On June 30, a few hours before the Paycheck Protection Program (PPP) expired, the U.S. Senate passed by unanimous consent a bill to extend the deadline for businesses to apply for coronavirus PPP aid until August 8th. The program’s authorization to give out money ended June 30 with over $130 billion left unused. The U.S. …

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