{"id":6542,"date":"2020-05-08T18:23:24","date_gmt":"2020-05-08T18:23:24","guid":{"rendered":"https:\/\/acmanet.org\/2020\/05\/acma-policy-spotlight-covid-19-updates-may-5-2020\/"},"modified":"2020-05-08T18:23:24","modified_gmt":"2020-05-08T18:23:24","slug":"acma-policy-spotlight-covid-19-updates-may-5-2020","status":"publish","type":"post","link":"https:\/\/acmanet.org\/acma-policy-spotlight-covid-19-updates-may-5-2020\/","title":{"rendered":"ACMA POLICY SPOTLIGHT | COVID-19 UPDATES \u2013 May 5, 2020"},"content":{"rendered":"

\"\"
\nACMA Members,<\/p>\n

Happy Cinco de Mayo! I hope this finds you well.<\/p>\n

There\u2019s not a lot new to report since I checked in at the end of last week. Paycheck Protection Program loans continue to be issued, so be sure to apply soon if you have not yet done so. The Small Business Administration released additional guidance on calculating maximum loan amounts last week<\/a>. As a reminder, loans are forgivable if you meet criteria around maintaining employment. As you develop your application, you should confer with your accounting and human resources teams to ensure that your expectations for loan forgiveness are in line with your operational needs.<\/p>\n

The Federal Reserve Board has announced an expansion of the Main Street Lending Program<\/a>. Initially designed with medium sized companies (10,000 employees and less than $2.5 billion in annual revenue) these loans will now be available to smaller companies. See the Fed\u2019s frequently asked questions<\/a> for more answers on how this program might work for your business. Don\u2019t forget to regularly check our resource page<\/a> for updated information on these and other programs.<\/p>\n

Exactly what will happen next remains uncertain. For a little clarity, I hope you will join our town hall with Congresswoman Jackie Walorski on Thursday at 3pm ET (details below). She\u2019s a great friend of our industry and has promised not to sugarcoat anything. I\u2019m looking forward to a great session and I hope you\u2019ll tune in!<\/p>\n

My very best,<\/p>\n

MJ Carrabba<\/a>
\nDirector, Government Affairs<\/p>\n

<\/div>\n

Latest ACMA Resources:<\/strong><\/p>\n

ACMA’s COVID-19 Ongoing Webinar Series: Town Hall with Congresswoman Jackie Walorski (R-IN-2)\u00a0<\/strong><\/p>\n

Thursday, May 7, 2020 3:00 pm EDT<\/p>\n

\"\"<\/p>\n

Panel Speakers<\/a><\/strong><\/p>\n

\"\"<\/p>\n

Congresswoman Jackie Walorksi (R-IN-2) is one of the biggest supporters of the composites industry and America\u2019s manufacturers in Congress. She is a lifelong advocate for composites representing Central Indiana with the highest composites manufacturing anywhere in the country. As a senior member on the House Ways and Means Committee, she has been a leading Republican voice in the COVID-19 recovery effort and has been especially instrumental in supporting small and medium sized manufacturers.<\/p>\n

On this Town Hall webinar, she will discuss legislation that has been passed so far, how it\u2019s worked, and what we might expect in future legislation. She will also discuss how Congress will function moving forward and plans to address key issues like infrastructure, energy, defense spending and more. Rep. Walorski can also provide insights on the forthcoming Congressional and Presidential elections.
\nRegister Here<\/a><\/strong><\/p>\n

<\/div>\n

Latest Industry Resources:<\/strong>
\n\u2022 Information<\/a> on calculating PPP loan amounts
\n\u2022 Main Street Lending Program FAQ<\/a>
\n\u2022 Return to Work Considerations<\/a>
\n\u2022 EPA and CDC Guidance<\/a> on Cleaning and Disinfecting Workplaces
\n\u2022 Overview <\/a> of full federal response activities<\/p>\n

Keep up to date by watching ACMA\u2019s resource page here<\/a>.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ACMA Members, Happy Cinco de Mayo! I hope this finds you well. There\u2019s not a lot new to report since … <\/p>\n

Read More<\/a><\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-6542","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\nACMA POLICY SPOTLIGHT | COVID-19 UPDATES \u2013 May 5, 2020 - American Composites Manufacturers Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acmanet.org\/acma-policy-spotlight-covid-19-updates-may-5-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACMA POLICY SPOTLIGHT | COVID-19 UPDATES \u2013 May 5, 2020 - American Composites Manufacturers Association\" \/>\n<meta property=\"og:description\" content=\"ACMA Members, Happy Cinco de Mayo! 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