Tag Archives: PPP

Public Policy Daily Briefing – July 1, 2020

Senate Republican leaders have begun to lift the veil on their plans for the next coronavirus response package, acknowledging in a news conference Tuesday that they will support opening the coffers next month to provide another round of aid. The timetable set by Senate Majority Leader Mitch McConnell (R-KY) and other Senate GOP leaders means … Continue Reading

Public Policy Daily Briefing – June 29, 2020

The COVID-19 pandemic has reclaimed headlines in America as new cases spike in states that some national health authorities say reopened their economies too swiftly. The US House of Representatives and US Senate are both in legislative session this week in advance of the Independence Day work period, but bipartisan talks to hammer out the … Continue Reading

Public Policy Daily Briefing – June 26, 2020

With the House of Representatives and Senate deadlocked over competing versions of police reform legislation, a divided Washington has failed, at least for the moment, to heed the national call for action on racial injustices that emerged from the killing of citizen George Floyd. The division could portend failure ahead on other urgent matters of … Continue Reading

Public Policy Daily Briefing – June 25, 2020

COVID-19 is making a comeback in America this summer, complicating President Donald Trump’s re-election campaign and governors’ plans to reopen their economies. A wave of new hospitalizations around the country is threatening to dampen hopes for a quick economic recovery in the wake of this spring’s pandemic-related lockdown, giving new urgency to discussions among federal … Continue Reading

Department of Justice Lacks Capacity to Pursue Fraud-related CARES Act Cases

In an article published in Bloomberg Law, we observed that despite Congress’s determination to hold recipients of CARES Act funds accountable, there is likely to be a significant gap between the expected oversight activity, and the capacity of the Department of Justice to, where merited, follow up with criminal prosecution or civil action on fraud … Continue Reading

Public Policy Daily Briefing – June 23, 2020

Five weeks after passing the US$3 trillion HEROES Act, House Democrats are moving to pass a companion measure, the Moving Forward Act, that would add another US$1.5 trillion by funding an array of national infrastructure projects and related Democratic priorities. The bill is expected to be taken up on the House floor prior to Independence … Continue Reading

Public Policy Daily Briefing – June 22, 2020

With summer officially underway in America and the number of new coronavirus cases in the US continuing to rise, President Donald Trump is doubling down on immigration restrictions imposed during the nation’s COVID-19 lockdown. Proponents of increased federal aid to states, territories and municipalities are gaining an important new ally as policymakers look ahead to … 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

Public Policy Daily Briefing – June 16, 2020

With a month having passed since the Democratic-controlled US House of Representatives passed the US$3 trillion HEROES Act as a sequel to the bipartisan US$2.7 trillion CARES Act, calls are being renewed for Republicans in the US Senate to begin negotiations for the purpose of forging the next major federal coronavirus response deal. The White … Continue Reading

Public Policy Daily Briefing – June 15, 2020

White House officials have begun moving publicly to set the table for bipartisan negotiations that will determine the contents of the next major federal COVID-19 response bill. Larry Kudlow, the director of President Donald Trump’s National Economic Council (NEC), says the talks will formally begin after the US Congress’ Independence Day state/district work period. Senior … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 12, 2020

A high-stakes summer is underway in America, where President Donald Trump and the nation’s governors are pushing forward with plans for reopening the nation’s economy even as many nervously eye health indicators that suggest the coronavirus may not be satisfactorily contained. In a vivid illustration of this tension, the Republican National Committee announced Thursday that … Continue Reading

Paycheck Protection Program – Developments You Should Know

Recent Developments in the Paycheck Protection Program (PPP) Treasury Secretary Mnuchin announces important changes Senate small business committee Democrats ANNOUNCE a new PPP bill On Wednesday, June 10, 2020, in testimony before the Senate Committee on Small Business & Entrepreneurship yesterday, Treasury Secretary Mnuchin announced two major changes to the PPP that the Trump Administration … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 11, 2020

US Treasury Secretary Steven Mnuchin, who has been the lead domestic policy negotiator for President Donald Trump and his administration during the COVID-19 crisis, made clear in testimony Wednesday to congressional lawmakers that the White House believes passage of another major coronavirus response package will be necessary soon, notwithstanding a generally positive national jobs report … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 10, 2020

The United States has experienced a sharp increase in the number of new reported cases of coronavirus over the past week, but Beltway media coverage and the policy debate in Washington this week are largely centered on the potential for action in both chambers of the US Congress on police reform legislation. Republicans, emboldened by … Continue Reading

COVID-19: US & European Developments – Implementation and Oversight of CARES Act – June 9, 2020

The US Congress is moving urgently to formulate new legislation that goes to the heart of the current policy debate in America, and it has nothing to do with coronavirus. Instead, the focus of Congress’ current short-term agenda is police reform, calls for which have surged across the nation in the wake of the universally … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 8, 2020

Fueled by a stronger-than-expected monthly national employment report, President Donald Trump is vowing to press the US Congress to craft a bipartisan COVID-19 response package this summer that places a heavy emphasis on policies that would accelerate the return of the American economy as it emerges from the pandemic-driven shutdown. The White House drive comes … 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 – June 5, 2020

President Donald Trump issued an executive order (EO) Thursday directing federal agencies to streamline their permitting processes to allow for expedited movement on infrastructure projects as a means of contributing to a swift recovery of the American economy as states and US territories emerge from their coronavirus-driven lockdowns. The president’s order came as policymakers prepared … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 4, 2020

As public protests against police brutality and racial disparity continued to dominate the national policy debate, pushing coronavirus-related news from the front pages, the US Senate has given its approval to legislation passed last week by the US House of Representatives making changes to the Paycheck Protection Program (PPP) created by the March 27 Coronavirus … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 3, 2020

Turmoil on America’s streets has become the primary focus of attention for the White House in recent days, marking a pivot away from the around-the-clock pandemic response posture that characterized the Trump Administration’s activity this spring. President Donald Trump and his top advisors are reportedly set to meet in the coming days to begin the … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 2, 2020

For the first time since early 2020, the dominant topic in the American policy debate is not the COVID-19 pandemic. With national attention consumed by protests, riots and the state of race relations in the United States, efforts continue in Washington to stabilize and stimulate an American economy that was brought to a screeching halt … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 1, 2020

The Federal Reserve is set to begin providing emergency loans to midsize businesses as soon as this week through the US$600 billion Main Street Lending Program (MSLP) established by the March 27 Coronavirus Aid, Relief and Economic Security (CARES) Act. The US Senate is preparing to return to Washington, DC to resume legislative activity, including … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – May 29, 2020

The stay-at-home order in the nation’s capital has been lifted, while the debate continues in the United States Congress about the scope, timing and focus of the next major bipartisan federal COVID-19 response legislation. Stymied in their efforts to force quick congressional approval of another massive package, Washington Democrats are keeping busy by passing targeted … Continue Reading
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