House Bill Would Extend $600 UI Premium

The challenge of hiring enough qualified workers to staff your QSRs would be that much more difficult under the latest CARES Act proposal heading to a vote in the US House as early as today.  Among the wish-list of goodies in the latest $3 Trillion stimulus proposal is an extension through January 2021 of the…

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Congress Eyes Next Round of Relief

Notwithstanding the partisan divide that continues in the Nation’s Capital, Congress is looking at possibly passing another multi-billion to trillion dollar economic relief package when the House returns to DC next week. Republicans and Democrats are divided over what to include, but they have each been floating different ideas that we want to keep watch…

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Congress Replenishes PPP Fund

The US House gave final legislative approval to a bill refunding of the Paycheck Protection Program yesterday with an additional $310 billion and sent the bill to the President Trump, who has already signed it into law. The law immediately provides additional funding to the PPP for forgivable loans to small businesses and with that…

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Business Interruption Insurance Moves to Forefront

With economic relief funding having been passed and signed by the President, a good deal of the focus in Congress is now shifting to questions surrounding insurance coverage and the exclusions found in many – if not most – policies relative to viruses, epidemics, pandemics and the like. Currently, there are no fewer than 4…

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PPP Officially Out of Money

The Paycheck Protection Program (PPP) has officially run out of money as of late Wednesday evening with the entire appropriation of $349 billion having been allocated to small businesses across the country. The Small Business Administration (SBA), which was charged with the administration of the forgivable loan program as part of the massive $2.2 trillion…

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There’s Still An Action Alert on PPP Funding

Notwithstanding the current stand-off in Congress, efforts are still underway in the US Senate to appropriate additional funds for the critical Paycheck Protection Program. As we reported last week, the Coalition of Franchisee Associations (CFA) was asking all franchisees to contact Congress to urge the appropriation of additional funds for this program. This week, that…

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Dueling Senate Objections Block Additional PPP Funds

Democrats and Republicans in the US Senate each blocked proposals from “across the aisle” yesterday in the latest political standoff in DC. Senate Majority Leader Mitch McConnell moved to pass legislation to add an additional $250 Billion to the Paycheck Protection Program (PPP) on top of the original $349 Billion appropriated for the program approved…

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Action Alert on PPP

In light of the Senate failure to pass additional funds as detailed above, the House is now working on its own version of legislation to amend the CARES Act and expand the PPP, but party politics will continue to play a role and we need your help to make sure franchisees are protected. The Coalition…

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Senate OKs “CARES” Act, House Votes Today

The US Senate yesterday finally passed the $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) by a rare bipartisan and unanimous vote, but the unprecedented stimulus bill faces some challenges in the US House. House Speaker Nancy Pelosi originally had hoped to pass the legislation by unanimous consent (avoiding recalling the House…

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“CARES” Act Summaries

We want to emphasize that any analysis of the pending $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act) that you may read – whether provided by DDIFO or any other organization is NOT YET FINAL, as the legislation is still pending in Congress. That said, we have a preliminary summary from the…

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