Congress

Automatic BOOST To Communities Act Resurfaces Digital Dollars
Automatic BOOST To Communities Act Resurfaces Digital Dollars
April 16, 2020  |  Payment Methods

To help provide U.S. taxpayers with stimulus payments to get through the recession brought about by the coronavirus, the idea of a digital dollar has...

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SBA Fund Coffers Said To Run Dry Unless Congress Adds More
SBA Fund Coffers Said To Run Dry Unless Congress Adds More
April 15, 2020  |  Coronavirus

For businesses that have not yet applied for a loan under the $350 billion federal stimulus program designed to mitigate the economic ravages of the...

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House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
April 14, 2020  |  Coronavirus

Three top House Democrats have asked the Federal Deposit Insurance Corp. (FDIC) to explain how the agency is preparing for a financial crisis. The lawmakers’...

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SMB Aid Running Out As Stalemate Continues
SMB Aid Running Out As Stalemate Continues
April 14, 2020  |  SMBs

Leaders on Capitol Hill were still at an impasse on Monday (April 13) over additional coronavirus relief as the current funding dwindles and is expected...

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Trump Wants New Business Relief Pushed Through As-Is
Trump Wants New Business Relief Pushed Through As-Is
April 10, 2020  |  Coronavirus

A partisan standoff on Capitol Hill over additional small business funding prompted President Trump on Friday (April 10) to urge Congress to pass the measure...

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Insurers Say Covid Claims Excluded From Biz Interruption Policies
Insurers Say Covid Claims Excluded From Biz Interruption Policies
April 09, 2020  |  Coronavirus

In a letter to U.S. Reps. Gilbert Cisneros and Mike Thompson, both of California, representatives from insurance industry groups wrote that standard commercial insurance policies...

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US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
April 08, 2020  |  Economy

Top Democratic officials in the U.S. have a new list of demands for the next round of stimulus funds to fight the effects of the coronavirus pandemic,...

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Pelosi Calls For More SMB Funding For COVID-19 Relief
Pelosi Calls For More SMB Funding For COVID-19 Relief
April 03, 2020  |  Coronavirus

Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business loan funding, additional...

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Trump Signs $2T COVID-19 Stimulus Package
Trump Signs $2T COVID-19 Stimulus Package
March 27, 2020  |  Coronavirus

U.S. President Donald Trump signed a $2 trillion economic stimulus package in response to the coronavirus crisis on Friday (March 27), CNBC reported. The action came...

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