Further Coronavirus Relief Uncertain; Executive Actions Taken

The White House’s negotiations with Capitol Hill over a fourth coronavirus economic stimulus package failed last week after three weeks of ultimately fruitless talks. The failure to make a deal leaves businesses and employees left to survive financially as coronavirus cases rise, and several states roll back orders to reopen businesses, keeping many of them …

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Paycheck Protection Program Clarifications Continue

In July, PIA National submitted comments on two different regulatory proposals promulgated by the Small Business Administration (SBA) concerning the implementation of the Paycheck Protection Program (PPP). Since then, regulatory activity has continued apace in formal and informal ways. The latest entry in the growing literature on How to Interpret the PPP is an August …

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Paycheck Protection Program: Regulatory Update (Part 1 of 2)

The Paycheck Protection Program (PPP), a new loan program created within the Treasury Department’s Small Business Administration (SBA) as part of the CARES Act, was designed to provide an avenue of potential loan forgiveness for those businesses whose borrowing and spending met certain requirements. Today in Part 1, we’ll go over the main points of …

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PIA Comments on Paycheck Protection Program Rule

On May 15, PIA National submitted a response to the interim final rule promulgated by the U.S. Small Business Administration (SBA) regarding its implementation of the Paycheck Protection Program (PPP). The PPP was created by H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Pub. L. 116-136). In the CARES Act, Congress authorized …

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NFIP’s Risk Rating 2.0 Delay Prompts PIA National to Renew Its Call for House to Pass Reauthorization Package

On November 7, the Federal Emergency Management Agency (FEMA) announced that it is delaying the implementation of Risk Rating 2.0, a major overhaul of flood insurance rates under the National Flood Insurance Program (NFIP). Risk Rating 2.0 is meant to provide more specific, accurate information about properties covered by the NFIP. Risk Rating 2.0 is …

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Overtime Rule Update Finalized by Department of Labor

Earlier this year, the Department of Labor (DOL) issued a proposed rule as part of its consideration of potential revisions to the Fair Labor Standards Act (FLSA) to update the exemption from minimum wage and overtime pay (of 1.5 times their regular pay rate) for “executive, administrative, professional, outside sales, and computer employees.” PIA National submitted comments in …

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Proposed Flood Regulation Could Hurt Agents, Consumers

PIA National recently submitted comments in response to the July 8, 2019 Advanced Notice of Proposed Rulemaking (ANPR)[1] published by Federal Emergency Management Agency (FEMA) regarding the National Flood Insurance Program (NFIP). The ANPR outlines potential changes to the methodology currently used for payments to Write Your Own (WYO) insurance companies selling flood policies in …

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Dept. of Labor Overtime Rule Update

Recently, the Department of Labor (DOL) requested information as it considers revising the Fair Labor Standards Act (FLSA) to update the exemption from minimum wage and overtime pay (of 1.5 times their regular pay rate) for “executive, administrative, professional, outside sales, and computer employees.” Earlier this summer, PIA National submitted comments in response to the …

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