CHIPS-Plus Passes Senate

July 27, 2022

On July 27, the Senate passed the $280 billion CHIPS-Plus package, absent reauthorizing language for SBIR/STTR, sending it to the House for final action as soon as this week.

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New Lending Data from SBA

July 13, 2022

The SBA Office of Advocacy has released new data showing that small business loans increased by nearly 40 percent from 2019 to 2020, largely due to the Paycheck Protection Program. 

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COVID Relief Bill Introduced

July 6, 2022

Sen. Ben Cardin (D-Md.) has introduced a bill to establish a $6 billion fund to make grants to hard-hit small businesses that incurred substantial losses in 2020 and 2021 due to the pandemic.

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New JOBS Act 4.0

April 20, 2022

Ahead of the 10th anniversary of the JOBS Act, Senate lawmakers have unveiled a discussion draft, “JOBS Act 4.0”, to help accelerate economic growth and spur new business formation.

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House to Vote on Relief Bill

April 6, 2022

The House is set to vote this week on legislation that would add $42 billion to the depleted Restaurant Revitalization Fund and create a new $13 billion Hard Hit Industries Award Program.

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SBA Updates Lending Program

April 1, 2022

This week, Vice President Kamala Harris and SBA Administrator Isabella Guzman announced reforms to the agency’s Community Advantage loan program - a key tool for CDFIs.

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SEC Small Business Forum

March 16, 2022

On April 4-7, the SEC will hold their annual Small Business Forum — a series of four virtual sessions focused on how to improve capital raising policy.

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Credit Card Fee Hikes

March 16, 2022

Mastercard and Visa are preparing to raise the fees– by around 0.05 to 0.10 of a percentage point—paid by merchants when consumers pay with credit cards. The fee increases are expected to go into effect in April 2022. They had been scheduled to happen two years ago but were put...

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EIDL Deferment Extended

March 16, 2022

The SBA announced yesterday they will provide an additional deferment of principal and interest payments for existing EIDL borrowers.

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