Tag Archives: loan forgiveness

Public Policy Briefing – July 21, 2020

The US Congress has returned to Washington, DC, and bipartisan negotiations to produce the next significant federal coronavirus response legislation have officially begun. Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows, representing President Donald Trump, are scheduled to meet this afternoon on Capitol Hill with House Speaker Nancy Pelosi (D-CA) and … Continue Reading

Public Policy Daily Briefing – June 17, 2020

President Donald Trump and congressional Republicans are being pressured by anti-establishment organizations to provide no further federal spending in response to the coronavirus. But the president and his team appear poised to move in the opposite direction, having recently revealed plans to put forth a US$1 trillion national infrastructure spending blueprint in the coming days … Continue Reading

New PPP Legislation Improves Borrower Flexibility – Senate Committee Insists on Disclosure of PPP Recipients and Related Data

On June 5, 2020, President Donald Trump signed into law a bill, the Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010), that will give borrowers of the US$670 billion PPP more time to spend the PPP proceeds and use them on a broader range of expenses while still qualifying to have the loans forgiven. … Continue Reading

COVID-19: US Developments, Implementation and Oversight of CARES Act – May 27, 2020

A tacit consensus seems to be emerging in Washington DC that another major federal COVID-19 relief package will be enacted this summer, but not negotiated until some time in mid-to-late June, as deadlines for the expiration of key CARES Act relief programs begin to loom. Republicans are testing the viability of economic measures that could … Continue Reading
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