Policy News – June 26, 2020

As the June 30th deadline approaches for small businesses to apply for the Paycheck Protection Program (PPP), the Small Business Administration (SBA) reports that nearly $130 billion in unallocated liquidity remain in the program. To view the latest PPP approvals,...

Policy News – June 19, 2020

Earlier this week, the Federal Reserve Board rolled out the Main Street Lending Program, a $75 billion program that targets small and medium-sized businesses impacted by the economic downturn of COVID-19. The Program will operate through three facilities: the Main...

Policy News – June 5, 2020

Wednesday, the Senate passed H.R.7010 the Paycheck Protection Program Flexibility Act (PPPFA) of 2020. The provisions in the PPPFA are set to have a major impact on loan forgiveness. Among the key provisions, is a change in the threshold for the amount of PPP funds...

Policy News – May 29, 2020

Today, jobless claims for the week ending in May 23 were released. The report shows 2.1 million more Americans filed new claims for jobless benefits, falling from a total of 2.4 million applications the week before. Read the full report here. This afternoon, the House...

Policy News – May 22, 2020

Last week, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application with instructions for completing the application. Notably, the new guidance introduces an alternative “payroll covered period,”...

Policy News – May 15, 2020

This week House Democrats unveiled their version of the fourth economic stimulus package or “CARES 2.” Legislators are expected to vote on the massive bill this Friday. Additionally, policymakers will also vote on two rules changes — one giving committees...