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May 18, 2020
An Update from NAW Government Relations Team - 5.16

ast evening Treasury and the Small Business Administration issued a press statement and released the PPP loan forgiveness application. Of note: in the press release they also say that the “SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applicat

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May 18, 2020
An Update from NAW Government Relations Team - 5.15

The Small Business Administration has extended the safe-harbor deadline for returning Paycheck Protection Program loans until Monday, May 18th. The extension was announced in new item 47 of their Frequently Asked Questions list.

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May 14, 2020
An Update from NAW Government Relations Team - 5.14

Yesterday, the Federal Motor Carrier Safety Administration (FMCSA) extended their emergency declaration relaxing hours of service rules for a second time. The emergency declaration is now in effect through June 14. As we have previously reported, on March 13, FMCSA issued an emergency declaratio

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May 14, 2020
Ohhh, SNAP!

I arrived in the lumber industry, a couple of years shy of my 40th birthday, through a weird evolution of events. The dynamics actually remind me of a game I played as part of the ground crew at Air Canada. With a 4-days-on/4-days-off schedule, my team members and I put our own spin on the game SNAP

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May 13, 2020
An Update from NAW Government Relations Team - 5.13

The Treasury Department and Small Business Administration have significantly re-written the PPP loan criteria, in an attempt to discourage companies that they believe were not intended to benefit from the program from applying for and/or getting loans. In their ever-changing FAQ they provided a “sa

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May 12, 2020
An Update from NAW Government Relations Team - 5.12

While there is still no official word from the Fed on when the MSLP will be operational, comments made during a virtual Senate Banking Committee hearing this afternoon are not encouraging. In exchanges with Banking Committee members, Fed Vice Chairman and head of the Banking operations Randal Quarl

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May 12, 2020
An Update from NAW Government Relations Team - 5.11

As we have reported several times, there has been significant controversy on the implementation of the PPP, with the frequently changing rules and FAQs. Among the most controversial issues was the SBA Administrator’s decision to require borrowers to spend at least 75 percent of their PPP loan on pa

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