And on the Flipside, There’s DC

Taking a different tack, the DC City Council on July 28 passed and the Mayor signed the Protecting Businesses and Workers from COVID-19 Emergency Amendment Act of 2020. This new law mandated that employers within the Nation’s Capital implement new social distancing measures and worker protection policies within one week, by August 20. Further, it…

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Next Webinar Wednesday Event

There’s still a couple of weeks before we host our next DDIFO webinar, but why not get it on your calendar now?  On Wednesday, September 16 from 1:00 – 2:00 PM EST, we will present “Modernize Your Business: Finance Tips for Franchise Owners during COVID-19”. This timely and informative presentation will feature Gregg Genovese, a…

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With Congress’ Inaction, Trump Issues Executive Orders

Last weekend, President Trump followed through on his threat to provide relief to Americans through Executive Orders if Congress couldn’t reach agreement on a new relief bill. They couldn’t so he did, signing 4 EOs under the broad heading of coronavirus stimulus.  Of particular import to business interests, he authorized deferral of the employee share…

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Paycheck Protection Program Expired

One of the bigger issues surrounding the failure of Congress to reach agreement on a new coronavirus relief package is the end of the Paycheck Protection Program (PPP). The loan program, which originally was scheduled to expire back in June, was extended until August 8 by Congress at the end of June. It was anticipated…

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Business Operation Losses and Liability Shields

While the stalemate in Congress brought any talk of a federal business liability shield to a screeching halt, two restaurateurs from the Nation’s Capital filed new challenges against the Charter Oak Fire Insurance Company for refusing to pay claims for business operation losses resulting from the coronavirus. The two lawsuits, filed in DC and in…

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Congress Needs Your Input on Next Relief Bill

If you’ve already reached out to your congressman and advocated for needed amendments to the HEALS Act, thank you. If you haven’t, then we need you to do so ASAP!!  As we advised this week in an Action Alert Membership Update sent out yesterday to all members, the Health, Economic Assistance, Liability Protection and Schools…

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SBA Releases New FAQ on Loan Forgiveness

Speaking of the Paycheck Protection Program, in conjunction with the Department of the Treasury, the Small Business Administration (SBA) this week released an updated Frequently Asked Questions (FAQ) guidance for businesses seeking forgiveness of their PPP loans. The FAQ provides plain language direction regarding such items as: payment requirements where a borrower submits a loan…

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Court Strikes Several DOL Rules on FFCRA

With the DC focus on the next iteration of COVID-19 legislative relief, one could easily forget the earlier economic stimulus laws and their implementation, but the courts this week kept the Families First Coronavirus Response Act (FFCRA) in the forefront.  The FFCRA made as many as 61 million workers eligible for paid sick leave and…

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Granting Small Business $urvival

In the face of the coronavirus pandemic, states and local communities are taking dramatically different approaches to helping small businesses recover from the shutdown and the general economic turmoil that the pandemic has yielded. In that vein, several have announced small business grant and loan programs in the past (New York, New Jersey, Massachusetts and…

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Senate Files Latest Relief Bill

Earlier this week, Senate Republicans formally filed their long-awaited latest version of a “Phase 4” economic relief package, titled the “Health, Economic Assistance, Liability Protection and Schools (HEALS) Act”. The bill contains many of the key legislative priorities that we were working to include, but much work is still needed and there will be lengthy…

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