On March 25, the Senate passed 92-7 legislation to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The program has issued 7.5 million loans totaling $687 billion to small businesses during the last year, according to the Small Business Administration (SBA). The bill would also allow the agency an extra month to process applications after the program closes.
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Senate Extends the PPP Loan Application Until May 31st
Topics: COVID-19 Federal Advocacy Congress
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The White House Issues Guidance on the Latest Round of PPP Funding
The White House has released a fact sheet clarifying some aspects of the latest round of Paycheck Protection Program (PPP) funding that opened a month ago. The PPP provides loans to small businesses, including NAIFA members and their clients, impacted by the COVID-19 pandemic. The low-interest loans may be forgiven if the businesses that receive them meet certain conditions.
Topics: COVID-19 Federal Advocacy
1 min read
NAIFA-FL Gets Behind COVID-19 Liability Shield Bills
NAIFA-FL supports two bills that provide several COVID-19-related liability protections for businesses, educational institutions, government entities, religious organizations, and other entities.
Topics: State Advocacy COVID-19 Florida
1 min read
Spending Bill Loosens Restrictions on FSAs
As part of the COVID relief package passed by Congress, NAIFA-backed Flexible Spending Account (FSA) relief was included to relieve some of the financial burden consumers face regarding healthcare costs and health spending account allocations. Known as the Consolidated Appropriations Act, 2021, (CAA) it includes provisions extending FSA benefits to those enrolled in such plans.
