Paycheck Protection Program

AGC Victorious in Leading Congressional Passage of PPP Loan Improvements

On June 3, the Senate passed the AGC-backed Paycheck Protection Program (PPP) Flexibility Act of 2020 (H.R. 7010) after AGC members sent tens of thousands of messages seeking improvements to the PPP. The measure makes significant improvements to the Paycheck Protection Program that AGC has been pushing for and its passage marks another legislative victory

Congress & SBA Work on AGC-Backed PPP Loan Fixes

AGC continues to lead efforts—both legislative and regulatory—to bring needed flexibilities to the terms of the Paycheck Protection Program for the construction industry. In the House of Representatives, AGC is working with Reps. Dean Phillips (D-Minn.) and Chip Roy (R-Tex.) to advance their bipartisan legislation that would: (1) allow loan forgiveness for expenses from 8 to 24

Congress Passes New Coronavirus Relief Package

Billions in new SBA PPP Program Funding Included On April 23, the House passed a $480 billion coronavirus relief package that included $310 billion in new funding for the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loans. The Senate passed this measure overwhelmingly on Tuesday, April 21. AGC has been pushing for the new funding due to