In the ongoing effort to minimize the effects of COVID-19, the Civilian Agency Acquisition Council (CAAC) has recommended that agencies implement a class deviation to accelerate payments to small business prime contractors to prime contractors with small business subcontractors.
Continue readingCategory Archives: Statutes and Regulations
Senate Approves Bill to Replenish Paycheck Protection Program Funds
We’ve written a lot about the Paycheck Protection Program as part of the blog’s COVID-19 coverage. The program has really been helping a lot of businesses, so much so that the money ran out a few days ago.
Well, the Senate has approved a bill that would replenish funds for the Paycheck Protection Program, so more companies can get help.
Continue readingSBA Updates Interim Paycheck Protection Program Rule for Self-Employed Individuals
As the social isolation saying goes: “Another day; another clarification from the SBA regarding the Paycheck Protection Program.” Alright, maybe that saying hasn’t caught on, yet. Nevertheless, the SBA did publish additional guidance specific to sole proprietors and general partners applying to the Paycheck Protection Program (PPP).
Continue readingYouTube Tuesday: CMMC–Cybersecurity, Trust but Verify Edition
CMMC continues to be in the news as the government ramps up the process to start requiring contractors to be compliant with the Cybersecurity Maturity Model Certification. In this video, I remind contractors why CMMC is so important.
SBA Formalizes Guidelines on Paycheck Protection Program, Will Accept Public Comment
The SBA is set to release two interim final rules on the Paycheck Protection Program (PPP). While much of the SBA’s guidance and procedure for these loans has already been discussed and released on SBA’s website, this is SBA’s formal rulemaking that aggregates all of the rules on eligibility and how to apply.
The rulemaking also provides a chance for businesses to provide feedback to SBA on what is and isn’t working the program.
Continue readingSBA, Can a Foreign-Owned Entity Receive a PPP Loan or What?
Well, we thought we had this figured out. Yet here we are a week later and we keep hearing conflicting reports.
The question remains, can a foreign-owned company receive a Paycheck Protection Program loan or not? Let’s try to figure it out.
Continue readingGovernment Retail Therapy: Congress Removes Cap on OTA for Public Health Emergencies
In an effort to combat the spread of COVID-19, Congress is seeking to eliminate some red tape surrounding biomedical research and development. Specifically, Congress has removed approval requirements on specific transitions to support advanced research and development initiatives.
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