Among the initiatives, there’s a two-week period where only businesses with fewer than 20 employees will be able to apply for the forgivable loans ostensibly giving them priority for the funds ahead of larger firms. There’s also modified rules to make a to-be-determined increase to the borrowing capacity allowed for sole proprietors, independent contractors and self-employed individuals and a set-aside of $1 billion for companies without employees that are located in low-to-moderate income areas. While these efforts are no substitute for passage of the American Rescue Plan (the president s currently proposed $1.9 trillion rescue bill working its way through Congress), they will extend much-needed resources to help small businesses survive, reopen, and rebuild, the White House said in an announcement.
The legislation, which is now eligible for a vote on the House floor, would decrease the maximum weekly benefits that claimants can receive and require workers to wait a week after losing their jobs to begin getting unemployment compensation. It also would require them to accept lower-paying jobs than those they formerly held, potentially moving them off benefits faster.
In addition, the bill would cut a provision that allows claimants to receive standard unemployment insurance for 39 weeks if their place of employment closes. Those workers would instead receive benefits for the usual maximum of 26 weeks.
If signed into law by Gov. Kim Reynolds, the legislation would take effect in July 2022.
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The National Federation of Independent Businesses (NFIB), the leading advocate for small business in the U.S., is focusing its legislative efforts on defeating a proposal to increase the federal minimum wage to $15 per hour.
“Minimum wage is the biggest issue,” Jeff Brabant, NFIB’s manager of government relations, told the Daily Caller News Foundation. “There are other issues further down the pike we’re worried about, but we’re trying to stay focused on minimum wage.”
The economic burden of a $15 federal minimum wage would disproportionately fall on small business owners who can’t absorb added costs like corporations do, the NFIB Research Center found in a 2020 study.
Do All Class Members Have Standing For Mere Statutory Violations? The Supreme Court Will Decide | Proskauer - Minding Your Business jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Wednesday, February 17, 2021
On March 30, the Supreme Court will hear arguments on whether a damages class action, is permitted by Article III of the Constitution or Rule 23 of the Federal Rules of Civil Procedure where the majority of the class has suffered no actual injury. Notably, this is the first time the Supreme Court will apply the rulings of
Spokeo, which held that a plaintiff “cannot satisfy the demands of Article III by alleging a bare procedural violation,” to an entire class. The Supreme Court’s forthcoming decision will have significant implications on defenses to class actions, and could possibly expand liability for companies most often entangled in class actions with plaintiffs that have tenuous claims based only on statutorily created rights of action.