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Pandemic Economic Stimulus: Legislative and Regulatory Developments as of July 30, 2021
This week, the Small Business Administration announced an online portal through which Paycheck Protection Program borrowers may seek loan forgiveness directly from the SBA. It also announced it was ending the use of two Loan Necessity Questionnaires that it said have been delaying the loan forgiveness process. There were no legislative develops of significance.
Pandemic Economic Stimulus: Legislative and Regulatory Developments as of July 9, 2021
Over the last three weeks, legislation was introduced in the U.S. House of Representatives to eliminate the Federal Pandemic Unemployment Compensation program and increase funding for the Restaurant Revitalization Fund program. Last week the Small Business Association (SBA) announced the closure of the Restaurant Revitalization Fund program to new applications.
Pandemic Economic Stimulus: Legislative and Regulatory Developments as of June 4, 2021
June 4, 2021 – Over the last two weeks, the Small Business Association (SBA) closed the Paycheck Protection Program to new loan guarantee applications and announced the Community Navigator Pilot Program, a new $100 million grant program. In the U.S. House of Representatives, legislation was introduced to increase oversight of the SBA’s Restaurant Revitalization Fund.