Congress

Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software
Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software
June 09, 2020  |  Politics

International Business Machines Corp. (IBM) is getting out of the facial recognition business, citing its misuse by law enforcement. In a letter to Congress, IBM’s...

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PPP Extension Hopes To Draw SMBs Before June 30 Deadline
PPP Extension Hopes To Draw SMBs Before June 30 Deadline
June 04, 2020  |  Loans

As reported, the Senate voted unanimously on Wednesday (June 3) to pass the Paycheck Protection Program Flexibility Act, which had passed the House with a...

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Senate Passes Bill To Extend PPP For SMBs
Senate Passes Bill To Extend PPP For SMBs
June 03, 2020  |  Loans

The U.S. Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for small- to medium-sized...

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Two Banking Groups Call For Automatic PPP Loan Forgiveness
Two Banking Groups Call For Automatic PPP Loan Forgiveness
June 03, 2020  |  Loans

The Consumer Bankers Association and Bank Policy Institute, in a co-signed letter, have called on Congress to automatically forgive Paycheck Protection Program (PPP) loans under $150,000....

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Trump Considers Next Stimulus
Trump Considers Next Stimulus
June 02, 2020  |  Economy

President Donald Trump will meet with senior advisors this week to discuss the possibilities of another pandemic-related stimulus package, this time with a focus on...

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Is Congress Finally About To Fix PPP’s Many Problems?
Is Congress Finally About To Fix PPP’s Many Problems?
May 31, 2020  |  SMBs

Congress adopted the $600 billion-plus Paycheck Protection Program (PPP) to help American small- to medium-sized businesses (SMBs) stay afloat by using forgiveness loans to keep...

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Mitch McConnell: ‘Final’ COVID-19 Relief Bill Coming In A Month
Mitch McConnell: ‘Final’ COVID-19 Relief Bill Coming In A Month
May 29, 2020  |  Economy

Senate Majority Leader Mitch McConnell said Congress will decide whether to pass another COVID-19 relief package soon. “We’re taking a careful look at a fourth...

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Uncle Sam Considers Payments For Companies To ‘Reshore’ Factories
Uncle Sam Considers Payments For Companies To ‘Reshore’ Factories
May 27, 2020  |  Economy

Will the U.S. government pay American companies to “near shore” supply chains, incentivizing a pivot away from China? In an interview Tuesday (May 26) with...

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Democrats, Republicans And A Tale Of Two Stimulus Packages
Democrats, Republicans And A Tale Of Two Stimulus Packages
May 22, 2020  |  Economy

The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses after some eight...

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