Senate Sends PPP Extension to White House

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 …

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PPP Extension Act Passes House

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 …

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PIA Supports PPP Extension Bill

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 …

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Temporary Paycheck Protection Program Limits Imposed by Biden Admin

As we mentioned last month, the December 2020 COVID relief package, formally known as the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act[1], has reanimated the previously-dormant Paycheck Protection Program (PPP), originally created by the CARES Act nearly a year ago. Last week, the Biden administration announced that the PPP will be available only to the nation’s …

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Resurgent Paycheck Protection Program Prompts Regulatory Action

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 …

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Senate Passes COVID Relief

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 …

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House Passes COVID Relief With PIA-Backed Provisions

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, …

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