PH CLIENT ALERTS

Click here to read more from our Coronavirus series.

CONGRESS

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.  

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

U.S. SENATE

COMMITTEE ON SMALL BUSINESS AND ENTREPRENEURSHIP

Chairman Rubio Statement on the Reopening of the Paycheck Protection Program, including Summary of Aid Programs to Small Businesses, Nonprofits and Venues

January 10, 2021

U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, released a statement after the U.S. Department of the Treasury and the U.S. Small Business Administration announced the reopening of the Paycheck Protection Program (PPP) and provided for a summary of the various programs impacted by the reopening of the PPP.

FEDERAL AGENCIES

U.S. SMALL BUSINESS ADMINISTRATION

SBA Extends Crucial Lifeline to Borrowers Impacted by COVID-19 with Debt Relief

January 10, 2021

U.S. Small Business Administration (SBA) Administrator Jovita Carranza made a statement about Section 325 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act. The SBA is determining how much additional debt relief assistance can be provided to SBA borrowers with the newly issued Congressional appropriation. Debt relief guidance will soon be posted on the SBA website.

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