News & Analysis as of September 19, 2024

Small Business Administration › Legislative Agendas

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

Everything is Bigger in Texas, Including the Reach of its New Consumer Data Privacy Law

Brooks Pierce on 6/21/2023

Texas recently became the tenth state to pass a comprehensive consumer data privacy law when its legislature voted in favor of the Texas Data Privacy and Security Act (TDPSA). The bill was signed by Governor Greg Abbott on...more

Weekly COVID-19 Oversight & Enforcement Report - May 2021 #2

WilmerHale on 5/14/2021

As part of its ongoing investigation into the Federal Reserve’s administration of pandemic relief lending programs, House Select Subcommittee on the Coronavirus Crisis Chair James E. Clyburn sent a letter to Fed Chair Jerome...more

Coronavirus: The Hill and the Headlines, March 2021 # 12

Hogan Lovells on 3/17/2021

In Washington: President Biden on Tuesday began what is expected to be a weeks-long sales pitch to tout the new coronavirus relief package. Biden visited Smith Flooring in Chester, Pennsylvania, a small business that received...more

Payroll Protection Program Update: Congress Passes Second Stimulus Bill Which Includes PPP Second Draw Loans

FordHarrison on 12/24/2020

The CARES Act created the Paycheck Protection Program (“PPP”), which amended the Small Business Act (“SBA”) to provided short term loans to companies with fewer than 500 employees and other companies (such as those in the...more

Mr. Biden Goes to Washington (Again): How Will the Next Administration Help Businesses Combat COVID-19?

Gould + Ratner LLP on 11/17/2020

Four days after the election, an anxious America got the news: Donald Trump would be a one-term president. As administrations shift, so do priorities. How will a Joe Biden-Kamala Harris administration combat COVID-19’s effect...more

[Webinar] Navigating PPP Loan Forgiveness (Part 2) - August 20th, 3:00 pm - 4:00 pm EDT

McDermott Will & Emery on 8/19/2020

Join McDermott and BDO on Thursday, August 20 to hear about the latest updates concerning the Paycheck Protection Program (PPP). Our multi-disciplinary panel will cover the most pressing issues as of August 2020, including: ...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – July 2020 #3

Hogan Lovells on 7/9/2020

In Washington: Any negotiations for a Phase Four deal stimulus package are tabled until Congress returns from its two-week recess on July 20. Senate Majority Leader Mitch McConnell (R-KY) has suggested the Senate will...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #19

Hogan Lovells on 6/29/2020

In Washington: Congressional leaders will soon name the chair of the coronavirus oversight commission, which was created by the CARES Act to increase transparency and oversight of the coronavirus relief funds. Retired...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #14

Hogan Lovells on 6/20/2020

In Washington: Democrats are pushing to add funding in response to the COVID-19 pandemic and policy changes affecting police departments in next year’s appropriations bills, threatening to further push back the...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #11

Hogan Lovells on 6/15/2020

In Washington: On Saturday, White House trade adviser Peter Navarro said that the White House is targeting a phase four stimulus package focusing on American manufacturing that will be “at least $2 trillion dollars.” ...more

The Week in Weed: June 2020 #2

Seyfarth Shaw LLP on 6/12/2020

Our big news this week is that the American Bar Association asked the Small Business Administration to make marijuana-related companies eligible for relief funds....more

Congress Adds Flexibility for Employer-Borrowers under Paycheck Protection Program

Ballard Spahr LLP on 6/5/2020

On June 3, 2020, Congress sent to the President for signature the Paycheck Protection Program Flexibility Act of 2020 (Act). The Act amends the Paycheck Protection Program (PPP) to add time and flexibility for borrowers with...more

Congress Passes Paycheck Protection Program Flexibility Act

Seyfarth Shaw LLP on 6/5/2020

On Thursday, May 28, 2020, the House passed the Paycheck Protection Program Flexibility Act of 2020 (“Flexibility Act”) 417-1, and, on Wednesday, June 3, 2020, the Flexibility Act passed the Senate. The bill is expected to be...more

Congress Approves Paycheck Protection Program Flexibility Act

Littler on 6/5/2020

On June 3, 2020, the U.S. Senate passed by voice vote the Paycheck Protection Program (PPP) Flexibility Act of 2020 (H.R. 7010). The House of Representatives had approved this bill with near unanimity on May 28. Generally,...more

Congress Passes PPP Flexibility Act

Burr & Forman on 6/5/2020

On June 3, 2020, Congress passed the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”). The Flexibility Act modifies several aspects of the forgiveness of paycheck protection program (“PPP”) loans...more

Congress Passes Legislation With Substantial Changes To PPP Loan Forgiveness

Troutman Pepper on 6/4/2020

Lingering questions pertaining to loan forgiveness, a key feature under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) created by the Coronavirus Aid, Relief, and Economic Security Act (the CARES...more

Legislative Update - June 2020

Jones Day on 6/4/2020

Coronavirus Aid, Relief, and Economic Security (CARES) Act - On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136 (the "CARES Act"). The...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #2

Hogan Lovells on 6/2/2020

In Washington: The Senate is expected to pass the bipartisan fix, The Paycheck Protection Program Flexibility Act (H.R. 7010), to provide more flexibility to the small business loan program soon. Senate Majority Leader...more

House Votes to Ease Paycheck Protection Program Restrictions

Downs Rachlin Martin PLLC on 5/29/2020

Earlier today, voting by proxy, the House voted 417-1 to approve legislation known as the Paycheck Protection Program Flexibility Act, giving small business owners greater flexibility to spend their PPP loan proceeds and...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – May 2020 #16

Hogan Lovells on 5/27/2020

In Washington - The House will be in session on Wednesday and Thursday and is expected to vote on two bills dealing with the Paycheck Protection Program (PPP) giving small businesses more flexibility in the use of the...more

COVID-19 Policy Update #21

Akin Gump Strauss Hauer & Feld LLP on 5/26/2020

Leaders of Small Business Committee Reach Consensus on Bill to Extend PPP Loan Deadline, Senate Fails to Clear Measure by Unanimous Consent as Phase 4 Negotiations Likely to Dominate June - Bipartisan leaders of the Senate...more

Coronavirus: Congress Introduces New COVID-19 Tax Bills

Proskauer - Tax Talks on 5/12/2020

On May 6, 2020, Senators Chuck Grassley (R. Iowa) and Ron Wyden (D. Ore.), the Chair and Ranking Member of the Senate Finance Committee, introduced the Small Business Expense Protection Act of 2020 (S. ___), which would...more

COVID-19 Policy Update #19

Akin Gump Strauss Hauer & Feld LLP on 5/8/2020

Senate Elevates Bipartisan Calls for Revisions to Paycheck Protection Program - This week Senate Republicans and Democrats have underscored the need for a number of changes to the Paycheck Protection Program (PPP)...more

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update May 2020

Hogan Lovells on 5/5/2020

In Washington: COVID-19 cases may not peak in the D.C. region until mid- or even late May. The Senate is back in session, but it may be a while before the House returns as leaders have not reached a bipartisan agreement on...more

COVID-19 Policy Update #18

Akin Gump Strauss Hauer & Feld LLP on 5/1/2020

Federal Reserve Board Announces Expanded Scope and Eligibility for the Main Street Lending Program - The Federal Reserve Board unveiled plans yesterday to expand the scope and eligibility for the Main Street Lending...more

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Small Business Administration › Legislative Agendas

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