The Paycheck Protection Program (PPP) was a key piece of the CARES Act, one of the first COVID relief laws passed last spring, now over a year ago. Administered by the Small Business Administration (SBA) and modified several times by Congress, the PPP offers forgivable loans to small businesses facing economic peril because of the …
Continue reading Paycheck Protection Program Largely Depleted
As we mentioned earlier this month, the December 2020 COVID relief package, formally known as the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, reanimated the then-dormant Paycheck Protection Program (PPP), originally created by the CARES Act nearly a year ago. Since its inception, the program has lent over $600 billion. The Economic Aid Act extends the …
Continue reading Resurgent Paycheck Protection Program Prompts Regulatory Action
The December 2020 COVID relief package was one of the final acts of the 116th Congress and, among other actions, it breathed new life into the Paycheck Protection Program (PPP), which was originally created by the CARES Act nearly a year ago. Ten months and countless federal regulations later, the PPP is back with a …
On Sunday evening December 27, President Trump signed the legislation providing for $900 billion in coronavirus relief, including a $1.4 trillion omnibus spending bill. The measure injects emergency relief funds into the economy and averts a federal government shutdown. The fate of the relief package and omnibus was uncertain since it passed Congress on December …
Continue reading President Signs Coronavirus Relief Package into Law
The U.S. Senate voted 92-7 to pass the coronavirus relief package and merged it with the $1.4 trillion appropriations omnibus to fund the federal government until September 30, 2021. The House passed the omnibus and COVID relief packages earlier in the evening. PIA has actively advocated for several of the provisions contained in the COVID …
On Sunday, December 20, Congress passed a one-day continuing resolution (CR) to keep the federal government running until midnight tonight and unveiled a deal to finalize a $900 billion coronavirus relief package, as well as a federal appropriations omnibus bill that would fund the government for the rest of the fiscal year, until September 30, …
Continue reading House Passes COVID Relief With PIA-Backed Provisions
The U.S. Senate has passed a one-day continuing resolution (CR) to fund the federal government until midnight, Monday, December 21 by voice vote. The U.S. House passed the CR earlier in the evening. Congressional leaders tonight announced a deal to combine a $900 billion COVID relief package with a $1.4 trillion federal government appropriations omnibus …
After months of wrangling over details of a COVID relief deal, and after delaying passage of federal government funding for FY21, tonight both chambers of Congress agreed on this much: they need more time to finalize the language of the agreed-upon terms for both must-pass deals. Lawmakers on both sides announced bipartisan agreement on the …
This evening, December 18, the U.S. House and Senate passed a last-minute continuing resolution (CR) to fund the federal government until Sunday December 20. The action came just hours before the federal government authority was due to expire. The president signed the bill into law before midnight. This averted a temporary shutdown of the federal …
Congress has passed a one-week continuing resolution that avoids a federal government shutdown and gives policymakers another week to negotiate a longer funding bill and find consensus on the details of a coronavirus relief package. Funding authority for the federal government will run out at midnight tonight, Friday, December 11, if the president does not …
Continue reading Congress Struggles to Pass Coronavirus Relief Package
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