- Free Webinar Reviewing the Provisions of the New Coronavirus Aid, Relief, and Economic Security (CARES) Act
The Small Business Legislative Council (SBLC) is hosting a webinar on Tuesday, April 7, at 12pm eastern which will be open to all PMAA state associations and its members, free of charge. The webinar will review the provisions of the new Coronavirus Aid, Relief, and Economic Security (CARES) Act which are most important for you to know about now with a special emphasis on the Paycheck Protection Program. Please enter “PMAA” when asked What Association Invited You? Click here to register now! - FMCSA Issues Guidance for Drug Testing During Emergency
Federal trucking regulators have issued “reasonable flexibility” guidance for motor carriers and drivers to follow for drug and alcohol testing during the COVID-19 emergency. - Paycheck Protection Program
Paycheck Protection Program ( PPP) which is an 8 week loan that can be forgiven (same as a grant) if handled appropriately. At worst you have a loan at .05% interest over a 2 year period. Click here for Paycheck Protection Program Fact Sheet. - IRS Offers Employee Retention Tax Credit to Qualifying Businesses
The United States Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. The credit is available to marketers who continued to pay employees during the COVID-19 outbreak.
Click here for the full regulatory report - Pelosi Says Infrastructure Talks with Mnuchin are Accelerating for Phase 4 Package
House Speaker Nancy Pelosi (D-CA) said talks between Treasury Secretary Steven Mnuchin and Ways and Means Chairman Richard Neal (D-MA) on funding for infrastructure are accelerating. Pelosi told reporters Thursday that she spoke with Mnuchin the previous night about implementing last week’s coronavirus stimulus bill quickly and looking ahead to the next legislation, which could include infrastructure spending. On Wednesday, Pelosi and other Democratic leaders said the next coronavirus stimulus bill should include at least $760 billion for water projects, broadband and transportation, as well as additional support for community health centers, education and housing to strengthen U.S. infrastructure and the economy. Senate Majority Leader Mitch McConnell (R-KY) stated that Pelosi’s comments about a “Phase 4” coronavirus response measure were “premature.” - NGA Speaks with USDA on Egg Pricing
NGA President & CEO, Greg Ferrara, and SVP of Government Relations & Counsel, Chris Jones, spoke with senior staff at the Department of Agriculture (USDA) over the recent surge in egg pricing. NGA requested that USDA communicate with state attorneys general and consumers to help explain the recent uptick in egg costs. Some retailers have faced complaints of price gouging when they’re just passing costs along to the consumer. NGA also asked USDA to investigate the cause of the historic surge in egg prices. The call came shortly after NGA sent a letter to Agriculture Secretary Perdue requesting USDA’s intervention.
