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ADA supports PPP reform bills to support dental practices

ADA supports PPP reform bills to support dental practices
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May 03, 2021
By Jennifer Garvin
Washington The ADA is supporting new legislation to give small businesses more flexibility with the Small Business Administration’s Paycheck Protection Program.
In April 30 letters to the House and Senate, ADA President Daniel J. Klemmedson, D.D.S., M.D., and Executive Director Kathleen T. O’Loughlin, D.M.D., thanked lawmakers for introducing HR 2582, the PPP Revenue Adjustment Calculation to Increase Capital Accessibility Long-term Act, and S 1200, the Fair PPP Accounting Act.
Both bills would adjust the eligibility calculation for second draw Paycheck Protection Program, or PPP, loans to 90 consecutive days, rather than a calendar quarter. ....

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French Hill Touts Bill to Help Businesses Qualify for PPP Loans

French Hill
U.S. Rep. French Hill, R-Arkansas, said Thursday that he’ll introduce a bill next week to help more businesses qualify for the second round of Paycheck Protection Program loans.
The bill, called the PPP Revenue Adjustment Calculation to Increase Capital Accessibility Long-term (or PRACTICAL Act), would allow businesses to use any 13-week period to demonstrate at least a 25% year-over-year reduction in gross receipts.
Right now, businesses that received a PPP loan during the first round of the program must show the reduction using a fixed quarter (January-March, April-June, July-September and October-December) to qualify for a second PPP loan in this round. ....

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