Issues
SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
The U.S. Small Business Administration (SBA) launched the Paycheck Protection Program, a $349 billion emergency loan program created last week by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Per the SBA: The loans are available to cover up to eight weeks of average monthly payroll (based on 2019 figures) plus 25% and payments…
The Trump Administration continues to update and provide additional information and resources with regard to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Assistance for Small Businesses The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses…
The U.S. Department of Labor (DOL) issued a temporary rule pursuant to the Families First Coronavirus Response Act (FFCRA). Per the DOL: In this temporary rule, the Department: Issues rules relevant to the administration of the FFCRA’s paid leave requirements. Provides direction for administration of the Emergency Paid Sick Leave Act (EPSLA), which requires that…
The U.S. Environmental Protection Agency and the National Highway Traffic Safety Administration released the final text of the Safer Affordable Fuel Efficient (SAFE) Vehicles rule. To read the full text of the rule, click here.
The U.S. Small Business Administration (SBA) continues to update their website on programs available for shops. Information is now included on the Paycheck Protection Program (PPP). Per SBA, “the Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to…
The Automotive Service Association was notified by the White House that additional information for small businesses regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act has been posted on the U.S. Department of Treasury website. The Department of Treasury in conjunction with the U.S. Small Business Administration to provide relief to small businesses through…
“President Trump released an updated guidance on those critical infrastructure workers providing essential services (attached). This is a federal advisory that ASA encourages states and municipalities to follow.”, stated Bob Redding, ASA’s Washington, D.C Representative. To read Version 2.0 of the CISA Guidance on Essential Critical Infrastructure Workers, click here.
The National Highway Traffic Safety Administration (NHTSA) announced a notice of proposed rule making (NPRM) to “clarify the ambiguities in applying current crashworthiness standards to Automated Driving Systems (ADS) equipped vehicles without traditional manual controls, while maintaining the regulatory text’s application to more traditional vehicles and vehicles equipped with ADS that may have alternate modes.”…
The U.S. Small Business Administration (SBA) now has an e-newsletter for small business owners to receive updates on SBA programs for small businesses impacted by COVID19. President Trump signed the third Coronavirus stimulus package Friday afternoon, which provides increased funding and relief for small businesses and loan forgiveness programs. To sign up for the newsletter,…
All small businesses in all 50 states are now eligible for Economic Injury Disaster Loans. To read the U.S. House Committee on Small Business FAQ sheet, click here. To learn more about the loans, click here.