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PPP Second Round Opens January 11
PPP Second Round Opens January 11 The Small Business Administration (SBA) announced this morning that the second round of Paycheck Protection Program (PPP) lending is set to open the week of January 11. The second round of PPP loans will be available to small businesses with less than 300 employees who have experienced a 25%…
Read MoreMinnesota Auto Dealers Sue Over Clean Cars Rule
Minnesota Auto Dealers Sue Over Clean Cars Rule The Minnesota Auto Dealers filed a suit against the state of Minnesota today in federal court. The lawsuit is an effort to stop the state from adopting harsher clean car standards set by the state of California. The auto dealers argue that the new standards would raise…
Read MoreSBA Releases Details of Second-Draw PPP Loans
SBA Releases Details of Second-Draw PPP Loans The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (The Economic Aid Act) was signed into law by President Trump on December 27, 2020. This legislation includes a provision for a second round of Paycheck Protection Program (PPP) lending of forgivable loans to small businesses struggling…
Read MoreDepartment of Labor Finalizes Definition of Independent Contractor Status
Department of Labor Finalizes Definition of Independent Contractor Status The U.S Department of Labor announced a final rule today clarifying the standards for independent contractors under the Fair Labor Standards Act (FLSA). This rule is intended to mitigate worker misclassification by detailing the qualifications for an independent contractor. Under this new rule, independent contractors…
Read MoreNHTSA Allows Domestic Vehicles to Apply for Research Exemptions– AV Rule Does Not Contain Vehicle Data Access Pathway
NHTSA Allows Domestic Vehicles to Apply for Research Exemptions– AV Rule Does Not Contain Vehicle Data Access Pathway NHTSA has recently released an interim final rule that would allow manufacturers in the United States, particularly those manufacturing autonomous vehicles, to obtain permission from NHTSA to manufacture and test vehicles that do not currently comply with…
Read MoreSBA Announces Extended Deadline for EIDL Loans
SBA Announces Extended Deadline for EIDL Loans The Small Business Administration (SBA) has extended the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan (EIDL) to December 31, 2021. Loans distributed through the EIDL program differ from Paycheck Protection Program (PPP) loans. EIDL loans are not eligible for forgiveness and must be…
Read MoreU.S. Department of Commerce Announces New Antidumping and Countervailing Duty Investigation
U.S. Department of Commerce Announces New Antidumping and Countervailing Duty Investigation The U.S. Department of Commerce announced last week the initiation of antidumping duty (AD) and countervailing duty (CVD) investigations for the Republic of Korea, Taiwan, Thailand, and the Socialist Republic of Vietnam. These investigations are intended to determine whether or not passenger vehicle and…
Read MoreU.S. Congress Passes Economic Relief Legislation- 2nd PPP Included in the Bill
U.S. Congress Passes Economic Relief Legislation- 2nd PPP Included in the Bill The U.S. Congress passed the $900 billion COVID-19 Economic Stimulus Relief Act today. This legislation, which passed along with the $1.4 trillion FY21 budget package, is the second largest stimulus package ever passed, behind the CARES Act, which was passed in March of…
Read MoreEconomic Stimulus Bill Text Released– Vote Expected Today
Economic Stimulus Bill Text Released– Vote Expected Today The U.S. Congress has released the full text of the new economic stimulus bill. They are expected to vote to pass the legislation later today. To read the full bill text, click here. To read a summary of the legislation, click here. Categories Auto Repair Automotive Parts…
Read MorePaycheck Protection Program (PPP) Update
Paycheck Protection Program (PPP) Update The U.S. Congress is set to approve a new economic stimulus bill today, including a new round of PPP lending. The new round of PPP will be available to businesses with 300 or less employees who can demonstrate a 25% loss in any quarter of 2020 compared to 2019. The…
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