Notwithstanding the above and other requirements of the Paycheck Protection Program, a serious effort is now underway in Washington to amend some of the provisions of the CARES Act. Specifically, the Coalition of Franchisee Associations (CFA) and other business allies in the Nation’s Capital are working to better educate Congress on the needs of the…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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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