After 11:59 pm on Tuesday, June 30, the Small Business Administration (SBA) will no longer accept applications for Paycheck Protection Program (PPP) loans. As of June 20, there was approximately $128 billion remaining in funding for the program; any contractors interested in applying must have their applications in by the end of the day on Tuesday.
After testifying before the Senate Small Business Committee that information about Paycheck Protection Program (PPP) loans would remain 鈥渃onfidential,鈥 Secretary of the Treasury Steven Mnuchin announced on Friday, June 19, that loan information for recipients of PPP loans in excess of $150,000 would be publicly disclosed. To address concerns from businesses about disclosing payroll data, the Small Business Administration (SBA) and Treasury said loan information鈥攊ncluding business names, addresses, NAICS codes, zip codes, business types, demographic data, non-profit information, and jobs supported鈥攚ould be released in a range, rather than specific loan amounts.
The Moving Forward Act鈥檚 Proposed $1.5 Trillion in New Investments Will Improve Range of Public Infrastructure, Creating Needed Demand for Construction While Making the Economy More Efficient
Leaders from Federal Agencies Make Major Announcements
On June 17, the U.S. Small Business Administration and the Department of the Treasury released a revised Paycheck Protection Program (PPP) loan forgiveness application, implementing the fixes from the 澳门六合彩开奖预测-backed Paycheck Protection Program Flexibility Act enacted June 5. The agencies also released a streamlined 鈥淓Z version鈥 of loan forgiveness application that may be used in limited circumstances. The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form. Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan. 澳门六合彩开奖预测 continues to press for improvements to the PPP and will provide further updates as they develop.
Organizes bipartisan letter to Senate Leadership
On June 15, ahead of the markup of the legislation in the House Transportation and Infrastructure Committee, 澳门六合彩开奖预测 released a full analysis of the INVEST Act, the House Democrats鈥 recently introduced surface transportation reauthorization bill. This seven-page document provides a deep dive into the provisions of the bill, including analysis on investment and funding levels, workforce related policies, environmental initiatives and regulations, project delivery and safety, technology, research, and development. A one-page overview of that analysis is also available here. As the legislative process on this bill moves forward and amendments are adopted, 澳门六合彩开奖预测 will continue to provide updates on this measure.
Whether your workplace has remained open throughout the COVID-19 pandemic, is just reopening now, or will do so sometime later this year, employers should be prepared for the possibility that some employees may refuse to work due to COVID-related safety concerns.
A federal district court on May 30 invalidated portions of a rule issued by the present National Labor Relations Board to modify the prior Administration鈥檚 regulation (often referred to as the 鈥渜uickie鈥 or 鈥渁mbush鈥 election rule) on union representation-case procedures. The Board swiftly responded by announcing that it would implement the remaining portions of the 澳门六合彩开奖预测-supported rule as of May 31.
Association Survey and Data Collected by Procore Measure Impacts of the Pandemic, Showing Signs of a Construction Recovery, but Labor Shortages and Project Cancellations Show Industry Needs Federal Help