President Biden And Congressional Democrats Near The Finish Line On Passage Of The American Rescue Plan - Government, Public Sector mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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 President’s veto. The Senate followed suit and voted 81-13 to override the veto on January 1, 2021. This law contains several provisions that significantly impact government contractors, which are summarized below:
California North Coast lenders expect less demand for latest pandemic-relief loans northbaybusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northbaybusinessjournal.com Daily Mail and Mail on Sunday newspapers.
(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
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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 start of the Exclusivity Period. However, lenders may accept applications during the Exclusivity Period and hold them for submission following the expiration of the Exclusivity Period. For purposes of calculating employee headcount, the rules remain the same, and each employee counts as one, regardless if full-time, part-time, or seasonal.