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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Busy July Ahead for Potential Coronavirus Legislation

As the country continues to grapple with the health and financial effects of the coronavirus, the summer season is upon us, and with it comes an effort by Congress to put together one more large coronavirus relief bill. PIA National spent much of the spring encouraging Congress to provide immediate financial assistance to small businesses …

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House Eases Some Paycheck Protection Program Rules

The U.S. House today passed H.R. 7010, the Paycheck Protection Program Flexibility Act, by a vote of 417-1. The bill, sponsored by Rep. Dean Phillips (D-MN), would relax restrictions on Paycheck Protection Program (PPP) loans and make it easier for businesses to have them forgiven. The legislation allows businesses that have received PPP loans and …

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PIA Supports Liability Reforms Related to Coronavirus

PIA National, along with over a hundred organizations from the business community, today sent a letter to ask Congress to enact temporary and targeted liability relief legislation related to the COVID-19 pandemic. Such temporary protections are necessary to protect businesses from potentially spurious lawsuits arising out of the pandemic. The letter notes that, as parts …

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PIA Urges Changes to Paycheck Protection Program

PIA National today sent a letter, along with over 100 business associations, to request key changes to the Paycheck Protection Program (PPP) in the CARES Act. The letter asks for the repeal of the Paycheck Protection Program’s (PPP) 75%-25% rule, as well as to extend the eight-week period for purposes of calculating loan forgiveness, and …

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House Passes $3 Trillion Coronavirus Package

On the evening of May 15, the U.S. House voted 208-199 to pass a $3 trillion legislative package. H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, would provide states and local governments with nearly $1 trillion that could be used to replace drastic revenue shortfalls. H.R. 6800 also includes several amendments to the Paycheck …

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