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Bipartisan Letter to SBA Regarding EIDL

June 10, 2020 | Comments Off on Bipartisan Letter to SBA Regarding EIDL

Yesterday, the House Small Business Committee Chairwoman Nydia M. Velázquez (D-NY) and Ranking Member Steve Chabot (R-OH) led a bipartisan group of Committee members in a letter to the Small Business Administration (SBA) asking for information regarding issues borrowers have faced with the Economic Injury Disaster Loan (EIDL) Program. In the letter, lawmakers mention multiple issues that…

Vehicle Traffic Drops Drastically in April

June 9, 2020 | Comments Off on Vehicle Traffic Drops Drastically in April

Per Politico, data collected from the U.S. Department of Transportation and the U.S. Department of Treasury highlight just how drastically car traffic has dropped off in the past few months — and the resulting hit to the Highway Trust Fund. The Federal Highway Administration (FHWA) released a report on vehicle miles traveled in April shows a nearly…

OSHA COVID-19 Guidance

June 8, 2020 | Comments Off on OSHA COVID-19 Guidance

The Department of Labor’s Occupational Safety and Health Administration (OSHA) continues to provide guidance to assist employees and employers with maintaining safe and healthy working conditions during the coronavirus pandemic.  This guidance will be particularly useful as states continue to re-open.  We have collected below a list of existing documents, both general and industry-specific, for…

IIHS Study Finds AVs Might Not Prevent All Crashes

June 5, 2020 | Comments Off on IIHS Study Finds AVs Might Not Prevent All Crashes

A new study released by the Insurance Institute for Highway Safety (IIHS) found that autonomous vehicles (AVs) would struggle to eliminate most crashes. Per IIHS, “Conventional thinking has it that self-driving vehicles could one day make crashes a thing of the past. The reality is not that simple. According to a national survey of police-reported…

Trump Signs PPP Flexibility Act Into Law

June 5, 2020 | Comments Off on Trump Signs PPP Flexibility Act Into Law

President Trump just signed H.R. 7010, the Paycheck Protection Program (PPP) Flexibility Act, into law. The bipartisan bill introduced by Congressman Chip Roy (R-TX) and Congressman Dean Phillips (D-MN) passed the U.S. House of Representatives last week on a 417-1 vote. The U.S. Senate passed the bill this week. The bipartisan bill will make necessary…

Final Rules for CCPA

June 3, 2020 | Comments Off on Final Rules for CCPA

Per Protocol: Technically, the California Consumer Privacy Act (CCPA) has been law since January. Companies were given six months to figure out how to comply, while the state figured out the final rules and how to enforce them. Enforcement never stops being tricky, as we’ve seen with GDPR. But at least now we have the…

UPDATE: Additional Information for PPP and Small Business Assistance

June 2, 2020 | Comments Off on UPDATE: Additional Information for PPP and Small Business Assistance

The Trump Administration continues to update and provide additional information and resources with regard to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The U.S. Department of the Treasury and the U.S. Small Business Administration released additional guidance regarding the Paycheck Protection Program: Assistance for Small Businesses The Paycheck Protection Program is providing small…

SBA and Department of Treasury Announce Interim Final Rule

June 1, 2020 | Comments Off on SBA and Department of Treasury Announce Interim Final Rule

The U.S. Small Business Administration (SBA) and U.S. Department of Treasury released an interim final rule on Temporary Changes to the Business Loan Program under the Paycheck Protection Program (PPP). The interim rule provides borrowers and lenders guidance on requirements governing the forgiveness of PPP loans. “This rule is being issued to allow for immediate…

OSHA Issues Alert on Social Distancing During Pandemic

June 1, 2020 | Comments Off on OSHA Issues Alert on Social Distancing During Pandemic

The U.S. Department of Labor Occupational Safety and Health Administration (OSHA) has been dedicated to keeping American workers safe during the COVID-19 pandemic. Per the Department of Labor, “Today, Principal Deputy Assistant Secretary for Occupational Safety and Health Loren Sweatt testified before the House Education and Labor Committee’s Workforce Protections Subcommittee about  the agency’s role…

SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the PPP

May 29, 2020 | Comments Off on SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the PPP

“Today, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs).  CDFIs work to expand economic opportunity in low-income communities by providing access to financial…

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