Government Relations Report:
July 9, 2020
PPP Updates | INVEST in America Act | ADA 30th Anniversary
Legislation extending the deadline for small businesses to apply for the Paycheck Protection Program (PPP) was recently signed into law, re-opening the application window until August 8. The Small Business Administration (SBA)—which has issued 4.9 million PPP loans over the past three months (approximately 1,000 SBA loans are issued in a typical year)—also released new Interim Final Rules to clarify PPP program issues and attempt to make complete loan forgiveness attainable for most borrowers.
While applicants have endured an onerous process involving complicated eligibility requirements, a chaotic roll out, and ever-changing rules and deadlines, the PPP appears to have had the desired effect of injecting liquidity into the economy and helping small businesses keep employees on their payrolls. $130 billion in funding currently remains in the program and, as the pandemic persists, lawmakers and administration officials are considering options for “repurposing” the unused funds to provide longer-term and more targeted financial support.
Finally, on July 6, the Treasury Department and the SBA made PPP loan data publicly available. For loans in excess of $150,000, the data released includes the company name, address, NAICS codes, demographic information, date the loan was issued, number of employees, and congressional district. For loans less than $150,000, the business name and address were not made public. PPP loan data for all states and territories can be found here.
INVEST in America Act
On July 1, the INVEST in America Act—a bill that authorizes funding for federal transportation programs and includes certain provisions of the Disability Access to Transportation Act—passed in the House of Representatives. The legislation includes language to:
- Dedicate over $20 million in funding to establish a one-stop paratransit pilot program;
- Require the Department of Transportation to create an online portal for reporting disability discrimination complaints against public transportation providers;
- Invest over $2 billion in FTA’s Enhanced Mobility of Seniors & People with Disabilities program, which aims to remove barriers to transportation and expand mobility options in large urbanized, small urbanized, and rural areas; and
- Provide over $80 million in funding for projects to improve coordination of non-emergency medical transportation.
The legislation now awaits consideration in the Senate.
ADA 30th Anniversary
July 26 marks the 30th anniversary of the landmark Americans with Disabilities Act (ADA). Although the Departments of Transportation, Labor, Health and Human Services, and others have cancelled or postponed previously planned in-person events to mark the occasion, virtual events, social media toolkits, and other resources are available to individuals and businesses who wish to commemorate and celebrate this milestone in socially-distanced fashion.