SEMA-member companies looking to apply for the PPP loan should contact a bank where they have an existing relationship immediately, as strong demand for the loans is expected to exhaust the additional funding for the program next week.

U.S. Representative Bill Posey (R-FL) is a former racer, classic car owner and has been one of SEMA’s strongest allies in Congress since he was first elected to the U.S. House of Representatives in 2008.

The U.S. Customs and Border Protection (CBP) published interim instructions for implementing the U.S.-Mexico-Canada Agreement (USMCA) and the Office of the U.S. Trade Representative (USTR) issued guidelines providing North American automakers more time to comply with the trade accord’s rules of origin.

President Trump issued an Executive Order allowing U.S. Treasury Secretary Steve Mnuchin to defer payments of certain duties, taxes and fees for up to 90 days dating back to March 2020.

SEMA members can again apply for a PPP loan or emergency injury disaster (EIDL) loan once President Trump signs pending legislation providing additional funding for both programs.

The U.S. Senate and House of Representatives passed legislation to add $320 billion in additional funds to the Paycheck Protection Program (PPP) and $60 billion to the SBA’s Economic Injury Disaster Loan (EIDL) program.

COVID-19 can be a recordable illness if a worker is infected as a result of performing their work-related duties.

As of April 10, 2020, independent contractors, sole proprietors and 501(c)(3) organizations may apply for a Payroll Protection Program (PPP) loan.

Although decisions will be made on a company-by-company basis, there appears to be some consensus on what elements of a reopened workplace may include.

Small businesses are anxiously awaiting passage of legislation by the U.S. Congress to add funds to the Paycheck Protection Program (PPP), which has spent the initial $349 billion authorized in late March.