Recently, the procurement office of the Federal Emergency Management Agency (FEMA) quietly issued a request for information (RFI) regarding a proposal to offer consumers the option of purchasing a National Flood Insurance Program (NFIP) policy online. The RFI provides some background on the history of the NFIP and its recent implementation of its Risk Rating …
Continue reading FEMA Stokes Agent Concern Over Online NFIP Sales Proposal
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
PIA has released its 2021 Issues of Focus in preparation for its upcoming Advocacy Day, formerly known as the Federal Legislative Summit (FLS). PIA members will highlight these issues during their meetings with their elected representatives on Advocacy Day. PIA deploys its grassroots advocacy resources throughout the year on countless issues of importance to independent insurance agents. …
Continue reading PIA Releases 2021 Issues of Focus for Advocacy Day
On March 25, by a vote of 92-7, the Senate passed H.R. 1799, the PPP Extension Act of 2021, which would extend the Paycheck Protection Program (PPP) loan application deadline to May 31, 2021. The House previously passed the bill on March 16 by a vote of 415-3. PIA supports this bipartisan legislation and, along …
On the evening of March 16, the U.S. House passed H.R. 1799, the PPP Extension Act of 2021, by a vote of 415-3. PIA supports this bipartisan legislation and has been advocating for its passage, along with a broad coalition of business groups, which would extend the Paycheck Protection Program (PPP) beyond its current expiration …
PIA is working with a large coalition of business groups to support legislation that would extend the timeframe in which small businesses can apply for Paycheck Protection Program (PPP) loans and in which the Small Business Administration (SBA) may process the applications. The push to pass the PPP Extension Act of 2021 is led by …
On March 10, the House passed a $1.9 trillion COVID relief bill on a largely party line vote of 220-211 less than a week after the Senate passed the measure on a 50-49 party-line vote in a Saturday session. President Biden signed the bill into law on March 11. The package is one of the …
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
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