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The Beacon BY U.S. REP. BOB LATTA As we begin a new year, citizens, workers, and small businesses in Ohio still need relief from the ongoing COVID-19 pandemic. Small businesses in Ohio’s Fifth Congressional District have faced many challenges throughout the COVID-19 pandemic. After speaking with restaurant owners, health care professionals, and others in Findlay, Cygnet, Stryker, Elmore, Maumee, Paulding, Napoleon, Van Wert, Genoa, and Wauseon, I learned that the Paycheck Protection Program (PPP), which was enacted through the CARES Act, has been a lifeline to small businesses and their emp...

National Defense Authorization Act On January 1, 2021, the National Defense Authorization Act (“NDAA”) for Fiscal Year (“FY”) 2021 became law ( Public Law 116-283), marking the 60th straight year of the NDAA’s passage into law. The President vetoed the bill on December 23, 2020 as was widely expected. The President had long threatened to veto the bill if it did not include a repeal of Section 230 of the Communications Decency Act, which prevents social media websites from being held liable for users’ comments. On December 28, 2020, the House voted 322-87 to override the Presiden...

(The Center Square) - The federal government opened a "priority window" on Wednesday that Colorado businesses with fewer than 20 employees can apply to for the next round of federal

To embed, copy and paste the code into your website or blog: On Monday, February 22, 2021, the Biden-Harris administration announced several reforms to the Paycheck Protection Program (“PPP“), including: Starting at 9 a.m. EST on Wednesday, February 24, 2021, through Tuesday, March 9, 2021 (the “ Exclusivity Period”), only eligible businesses with fewer than 20 employees can apply for relief through the PPP. During the Exclusivity Period, SBA will reject new applications for applicants with 20 or more employees unless such applications were submitted by lenders to SBA before the sta...

To embed, copy and paste the code into your website or blog: On December 28, 2020, former President Trump signed the Consolidated Appropriations Act. Over 5,000 pages in length, the legislation (referred to herein as the Economic Aid Act) included revisions and additions to the Paycheck Protection Program (PPP). The new PPP will: (1) accept PPP loan applications from eligible borrowers that did not receive a PPP loan under the earlier program (known as "First Draw Loans"); (2) permit qualifying businesses that received a PPP loan under the earlier program to receive a second PPP loan (known a...