Oct 21, 2020 | COVID-19, Economic
The SBA and the Department of Treasury released updated guidance and FAQs for the Paycheck Protection Program (PPP). SBA and Treasury released the updated version of the guidance to provide additional clarification to address borrower and lender questions related to...
Sep 28, 2020 | COVID-19, Economic, Legislative Update
US Representative Jaime Herrera Beutler (R-Wash.) has initiated a discharge petition that would force the House of Representatives to vote on Congressman Steve Chabot’s (R-Ohio) Paycheck Protection Program extension bill. If Rep. Herrera Beutler’s discharge...
Jul 23, 2020 | COVID-19, Legislative Update
Yesterday, ABC National sent out an action alert to members highlighting critical priorities to include in the next COVID-19 relief package currently being negotiated in Congress. ABC has previously sent letters to Congressional leadership and rank and file members of...
Jul 20, 2020 | COVID-19, Economic, Legislative Update
As conversations continue surrounding a new relief package when Congress returns next week, Senators in both parties say they support adding new requirements for businesses who want to apply for a second tranche of funding through the Paycheck Protection Program (PPP)...
Jun 24, 2020 | COVID-19, Economic
Following last week’s passage in the Senate and being signed into law by the president, SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued a statement on the Paycheck Protection Program Flexibility Act, while also announcing that...
