The Small Business Administration (SBA) is set to release names, addresses and precise loan amounts for those who received PPP loans under $150,000. A federal judge denied the motion to stay the disclosure of information, ordering the SBA to release requested information by December 1, 2020. Previously, the SBA had been trying to stay the previous ruling from the courts in Freedom of Information Act (FOIA) case, which was requested by various media organizations.
The SBA is seeking public comments on a proposed rule that would revise the small business size standards for businesses in five North American Industrial Classification System (NAICS) sectors. This ruling would increase small business eligibility for SBA’s loan and contracting programs.
Bills of Interest
Sen. Angus King (I-ME) introduced a bill to exclude EIDL advance amounts from the calculation of loan forgiveness under the paycheck protection program.
At the Agencies
U.S. Department of Labor
The Department of Labor published a press release titled “ICYMI: US Department of Labor Acts to Help American Workers during the Coronavirus Pandemic.”
U.S. Department of the Treasury
The Department of the Treasury and the Federal Reserve announced the extension of four lending facilities until March 31, 2021.
Small Business Administration
The SBA published a proposal to revise size standards for five industrial sectors in order to increase eligibility for contracting and loan programs.