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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Communicating on COVID-19

With information on the COVID-19 crisis changing on an almost constant basis, DDIFO is committed to bringing you as much valuable information and insight as possible to help you and your business through these unprecedented challenging times. At the same time, we know you’re getting emails and updates from a host of other sources and…

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Paid Sick Leave Mandates

US House leadership has introduced legislation that was to be voted yesterday that in the face of the coronavirus, would mandate paid sick leave for all Americans, among other provisions. As to the sick leave mandate, the initial draft of the Families First Coronavirus Response Act would mandate up to 14 days of paid sick…

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Back To The Future!

Tune up the DeLorean! The U.S. House of Representatives yesterday passed a resolution eliminating the 1982 deadline (yes, 38 years after the deadline passed) for states to ratify the Equal Rights Amendment to the U.S. Constitution. The change comes largely in response to Virginia – becoming a democratic trifecta state in 2019 for the first…

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Senate Eyes September for Tax Extenders Fix

Senate Finance Chairman Charles Grassley (R-IA) this week released reports from 3 of 6 task forces established to review and advise on the tax extenders issue. Grassley and ranking minority member Senator Ron Wyden (D-OR) are hoping for solutions on which of the tax breaks should be consolidated, made permanent or rejected. It is expected…

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Cortez Masto Files SBA Franchise Loan Transparency Bill

The ranking minority member on the U.S. Senate Small Business Committee, Senator Catherine Cortez Masto (D-NV) filed legislation last week to protect entrepreneurs who are considering purchasing a franchise.  The SBA Franchise Loan Transparency Act of 2019 (SB 2383) would require that before a lender could make a government-backed loan to a franchise, the franchisee…

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House Planning July Vote on $15 Minimum

By the end of next week, the US House will likely be recessing for the July 4th holiday and when it reconvenes thereafter, House democratic leaders anticipate bringing the “Raise The Wage Act” up for a formal floor vote. The legislation, filed by Education & Labor Committee Chairman Representative Scott (D-VA), would raise the current…

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House Ways & Means Marks Up Tax Extenders Package

The House Ways and Means Committee yesterday marked up a tax extenders package to resolve some of the tax relief programs that expired over the past year or two. At this point however, it does not appear that the democratic proposal addresses accelerated depreciation on new equipment, but it does address other tax incentives that…

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