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A Commitment to Professionalism: Stronger Than Ever
Challenging times in 2020 only reinforced the need in plumbing and HVACR industry to come together and maintain high standards. Drawing on our 138-year history, PHCC protected our members and their employees, families and communities – even through a global pandemic – by supplying relevant resources, sharing best practices among our members, advocating to secure business-friendly legislation and regulation, pledging to train new workers, and providing the best education in the industry.
PPP Loan Program Re-opens
The U.S. Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. Initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.
COVID Relief Bill Passes Congress
Congress came to an agreement on the next COVID package, which is attached to the FY2021 spending bill. It passed the House and Senate yesterday and is en route to the White House for President Trump’s signature.
Defense Bill Passes Congress with Anti-Small Business Provision
The House and Senate also passed last week the National Defense Authorization Act (NDAA) to fund the military through next year. The President has threatened to veto the bill because it does not contain the repeal of Section 230, which provides liability protection for social media platforms based on the content they post.
Congress Down to the Wire on COVID Relief and Spending Bill
On Monday, December 14 a bipartisan, bicameral group of lawmakers released bill language for a $908 billion COVID relief package that would extend the PPP program, expand eligibility to 501(c)6 organizations, provide liability protection for businesses against COVID litigation, provide $300 per week per individual in federal unemployment benefits, and provide funding to state and local governments for emergency response.