Federal House to vote on $25B infusion for Postal Service amid Trump attacks Speaker Nancy Pelosi finalized plans Monday to provide billions of dollars in funding to the flailing Postal Service as Democrats seek to prop up the agency ahead of the November election. The House will vote Saturday on legislation that will deliver $25 ... Read More
Federal Democrats fight to give ‘severely underfunded’ business rescue new life The $70 billion Economic Injury Disaster Loan program relies on loans and grants directly from the government, not private banks like the Paycheck Protect Program does. Lawmakers appropriated $50 billion for new EIDL loans and $20 billion for grants during the pandemic. How to ... Read More
PPP loan forgiveness starts this week. Why some businesses aren’t rushing to apply The SBA opened its forgiveness portal to receive applications from lenders, but tax professionals advise clients to wait as further guidance is released. Even though the forgiveness window is open, small businesses are sitting on the sidelines, accountants have said. This is ... Read More
Federal FDA ramps up effort to persuade public that coronavirus vaccine decisions will be based on science, not politics This week, federal health officials launched a public campaign in an attempt to reassure Americans that any vaccine will have to be cleared for safety and effectiveness and that the creation of a vaccine will be ... Read More
Senate under growing pressure to reach coronavirus relief deal Senate Majority Leader Mitch McConnell plans to force votes this week on renewing expired federal unemployment payments and other policy issues. Democrats also are asking for hundreds of billions of dollars in new aid to state and local governments to prevent a wave of employee layoffs, ... Read More
Federal Federal Housing update: Today Sen. Kamala D. Harris (D-CA) and Rep. Ayanna Pressley (MA-7) and Rosa DeLauro (CT-3) introduced the Housing Emergencies Lifeline Program Act(HELP Act), legislation that would provide legal aid to families facing eviction amid the Covid-19 pandemic. The measure would authorize $10 billion in Emergency Solution Grants (ESG) to fund legal ... Read More
Federal Updates on the next stimulus package: Today, Senate Majority Leader Mitch McConnell outlined the Senate Republicans stimulus package. The proposal includes another round of $1,200 in direct payments, more money for the Paycheck Protection Program, a reduction in boosted federal unemployment benefits, liability protection, and more than $100 billion for reopening schools and colleges. ... Read More
Federal Trump administration renews public health emergency after urging from states The Trump administration has renewed the public health emergency for the coronavirus, ensuring that critical resources to fight the pandemic can continue while much of the country battles rising caseloads. The emergency powers have helped the administration usher in a massive scale-up of telehealth ... Read More
Federal Senate GOP starts to unveil coronavirus proposal amid deep discord The Senate Republicans unveiled parts of their new coronavirus relief bill today. The proposal is expected to include a temporary flat payment for unemployment insurance for two months, a new round of direct payments to Americans but with lower income restrictions; liability protection for ... Read More
Federal ‘We can’t afford to wait’: Many coronavirus relief measures are set to expire soon. But the crisis is still raging. Key relief measures are set to expire at the end of this month, including expanded unemployment benefits. At the moment, chances are slim that any negotiations will happen and a bill will pass before ... Read More
"We all owe it to past, present, and future generations to empower and grow African American enterprise, communities, and opportunities."
Great perspective from our client, @ReginaAHairston of the African American Chamber.