SBA Simplifies Forgiveness Process for Some PPP Loans

On October 19, 2020, the U.S. Small Business Administration (SBA) and the Treasury Department issued interim final rules (IFR) revising the process for some businesses to seek Paycheck Protection Program (PPP) loan forgiveness and lender evaluation of loan forgiveness applications submitted in accordance with the new process. These IFR offer additional guidance to further simplify …

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PIA, Allies Call for Congressional Action on PPP Loan Forgiveness

PIA National, along with dozens of allies in the business community, sent a letter November 19 calling on congressional leaders to reform the Paycheck Protection Program (PPP) loan forgiveness process before the end of the year. The letter calls on Congress to pass the Paycheck Protection Program Small Business Forgiveness Act (S. 4117/H.R. 7777), championed …

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House Committee Holds Hearing on Insuring for a Pandemic

On November 19, the House Financial Services Subcommittee on Housing, Insurance and Community Development held a hearing entitled, “Insuring Against a Pandemic: Challenges and Solutions for Policyholders and Insurers.” This follows a September Congressional Roundtable that PIA National participated in, where we expressed our support for the Pandemic Risk Insurance Act (PRIA), H.R. 7011. In …

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Initial Election Results Are In, With Some Key States Still Unknown

President Donald J. Trump and former vice president Joseph R. Biden each failed to reach the key 270 electoral-vote threshold from the states that had reported decisive results by midnight on Election Day. The process to determine the winner in several states is ongoing, and we may not know who will be inaugurated in January …

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