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April 28, 2020
An Update from NAW Government Relations Team - 4.28

Latest on Main Street and Mid-Size Company Lending Programs and Corporate Bond Purchase Program

NAW and our allies have been working to urge the Fed to get the Main Street Lending Program facility up and running, but the news we heard from our outreach to Capitol Hill today was not encouraging.

April 27, 2020
An Update from NAW Government Relations Team - 4.27

The SBA’s Paycheck Protection Program resumed lending today after $310 billion in loan authority was provided under legislation signed last Friday by President Trump. However, SBA’s electronic filing system crashed within minutes of the program re-opening as a week-plus of backlogged applications

April 27, 2020
An Update from NAW Government Relations Team - 4.24

As of today, the Main Street Lending Program is still not up and running. The Federal Reserve is currently reviewing the roughly 2,000 comments it received suggesting ways it can improve on its Main Street program to ensure it helps more businesses affected by the coronavirus pandemic.

April 27, 2020
Against the Grain: Special Edition (April 27, 2020)

For those who are still working each day in a mill, truck, warehouse or office (outside of your home) to keep an essential business running, you may not be feeling full impact of shelter-in-place orders. Instead, your constant strain is more than likely tied to the risk of interacting with others wh

April 24, 2020
An Update from NAW Government Relations Team - 4.23 part 2

The House passed the $484 billion coronavirus relief bill which provides $380 billion for the small business Paycheck Protection Program and includes $75 billion for hospitals and $25 billion for coronavirus testing. NAW strongly supported this legislation and urges President Trump to quickly sign t

April 23, 2020
An Update from NAW Government Relations Team - 4.23

As you know, the recently-enacted COVID-19 stimulus bill – the CARES Act – contains several provisions setting up loan programs to help struggling businesses, with a new Paycheck Protection Program to help small businesses with 500 or fewer employees.

April 22, 2020
An Update from NAW Government Relations Team - 4.22

Yesterday, the Senate passed $484 billion in new pandemic relief funds to bolster a tapped-out small business aid program, pay for coronavirus testing and help hospitals overwhelmed by sick patients. NAW strongly supported this legislation and urged quick action in the Senate to pass this necessary