Tidbits on the September Legislative Calendar

Capitol Hill Update Yesterday afternoon, Senators passed a $483.4 billion funding measure (updated text; small business summary; health care summary) after officials struck a bipartisan agreement to bolster the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and address other pressing COVID-19 related needs. The bill provides $310 billion to the PPP — plus an […]

Capitol Hill Update Officials are finalizing negotiations on an agreement for the next round of COVID-19 legislation after funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) lapsed late last week. While lawmakers were hopeful that the Senate would clear the bill during yesterday’s pro forma session, talks on the “Phase 3.5” legislation extended into […]

Capitol Hill Update Congressional leadership and White House officials are closing in on an agreement for the next round of COVID-19 legislation after funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) lapsed late last week. Following days of tense negotiations and partisan messaging exercises, the deal is expected to include a boost […]

Capitol Hill Update Congressional leadership and White House officials are closing in on an agreement for the next round of COVID-19 legislation after funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) lapsed late last week. Following days of tense negotiations and partisan messaging exercises, the deal is expected to include a boost […]

Capitol Hill Update Negotiations between Congressional leadership and White House officials on the next round of COVID-19 legislation will continue throughout this weekend after funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) lapsed yesterday. While Treasury Secretary Steven Mnuchin and Senate Minority Leader Chuck Schumer (D-NY) have expressed optimism on the prospects […]

Capitol Hill Update Lawmakers are scrambling to reach a deal on the next tranche of COVID-19 response legislation amid growing concerns about the lapse in funding for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza issued a statement last night urging Congress to appropriate additional funds for […]

Capitol Hill Update Congressional leadership and White House officials are continuing negotiations on the next round of COVID-19 response legislation, eyeing a compromise solution on the next tranche of funding for pressing response efforts. While Treasury Secretary Steven Mnuchin and Senate Minority Leader Chuck Schumer (D-NY) suggested that an agreement could be struck by the […]

Capitol Hill Update Despite eyeing the next week for a possible return to Washington, lawmakers are not expected to convene for legislative business beyond pro forma sessions this month. House Majority Leader Steny Hoyer (D-MD) issued a statement yesterday saying that members are not expected back until May 4 at the earliest unless there are […]

Capitol Hill Update Late last week, Senators failed to pass a Republican-designed $250 billion funding bill to bolster the Small Business Administration’s (SBA) Paycheck Protection Program amid disagreements over additional funding for COVID-19 response efforts. Majority Leader Mitch McConnell (R-KY) attempted to pass the additional funding for the PPP by voice vote during a “pro […]

Capitol Hill Update Congressional leadership and White House officials are engaged in negotiations on another round of funding for COVID-19 response efforts after an effort to provide $250 billion for the Small Business Administration’s Paycheck Protection Program (PPP) stalled out last week. While President Donald Trump and Senate Majority Leader Mitch McConnell (R-KY) have expressed […]

House and Senate Leaders, along with Treasury Secretary Mnuchin will continue to negotiate around the so-called Phase 3.5 bill this week, driven initially by a belief that the fund was going to be entirely spent soon. As of this past Saturday, the Small Business Administration reported that banks had approved 725,000 loans totaling over $182 […]

Capitol Hill Update Washington is currently at a crossroads with the next tranche of COVID-19 legislation after Senate Majority Leader Mitch McConnell’s (R-KY) “Phase 3.5” measure failed to advance by unanimous consent in the Senate yesterday. While the White House and Senate Republicans are pushing for an additional $250 billion for the Small Business Administration’s […]