Federal Legislative Report Summary Congress continues to explore and wrangle with the economic impact of COVID-19. In June the only substantive bill to pass was H.R. 7010 – the “Paycheck Protection Flexibility Act of 2020.” This bill provides several needed...
Most ‘fly-in’ events, if not all, have gone to virtual formats this year due to the COVID-19 pandemic, but ESA took the first step toward this format back in 2018 when we decided to schedule visits between our members and...
Federal Legislative Summary Congress stayed busy with numerous bills aimed at fixing current gaps in recently passed Covid-19 relief/stimulus legislation. With an estimated 40 million jobs lost during the last two months, it seems unlikely Congress will be able to...
President Trump signed H.R. 7010, the “Paycheck Protection Program Flexibility Act of 2020,” on June 5th and it is expected this bill will provide further relief for businesses that qualify for the PPP loans. Among several provisions in this bill,...
It could be viewed as an anti-climactic month considering what transpired in Congress during March. The national fear and spread of coronavirus (COVID-19) prompted a virtual shutdown of the national economy resulting in the most jobs lost since the Great...
Federal Legislative Summary Congress enacted three major pieces of legislation in March, culminating in the “CARES Act,” which appropriated over $2 trillion in aid to businesses and Americans. A centerpiece of this bill was the Paycheck Protection Program (PPP), which...
H.R. 266 will fund an additional $484 billion for small businesses, hospitals and coronavirus testing. This second round of stimulus funding is now approved, after the continuing economic fallout from the COVID-19 pandemic resulted in the almost immediate depletion of...
The last month could easily be described as unprecedented for healthcare and our economy (not to mention the world economy). We quickly discovered as governors and local leaders began issuing executive orders to restrict events and business, that we had...
Federal Legislative Summary Virtually all federal legislation tracked in March was associated with the federal response to the COVID-19 pandemic. The most significant bills were obviously the three bills designed to address healthcare and family assistance for Americans, the overall...
Small business applicants can apply for Economic Injury Disaster Loans and the Paycheck Protection Program if there are different uses of proceeds for each loan. Funds from the loans cannot be comingled. EIDL funds come directly from the U.S. Treasury....