Hearing: House Small Business Committee

Full Committee hearing on the PPP, an examination of loan forgiveness, SBA legacy systems, and inaccurate data.

Event date: 9/24/2020 10:00 AM - 12:00 PM Export event

Paycheck Protection Program: An Examination of Loan Forgiveness, SBA Legacy Systems, and Inaccurate Data

Paycheck Protection Program: An Examination of Loan Forgiveness, SBA Legacy Systems, and Inaccurate Data, Thursday, September 24, 2020 @ 10:00

The Committee on Small Business Subcommittee on Innovation and Workforce Development will hold a hybrid hearing entitled “Paycheck Protection Program: An Examination of Loan Forgiveness, SBA Legacy Systems, and Inaccurate Data.” The hearing is scheduled to begin at 10:00 AM (EST) on Thursday, September 24, 2020 and will take place in room 2360 of the Rayburn House Office Building. Members who wish to participate remotely may do so via Cisco WebEx, information to be provided separately.

The SBA launched the Paycheck Protection Program (PPP) to provide an incentive for small businesses to keep their workers on the payroll. However, SBA’s legacy technology systems were not fully equipped to handle the unprecedented level of applicants, resulting in a number of technical issues with the implementation. Members of the Committee will have an opportunity to address these issues and the related concerns about the accuracy of the recently released PPP data, as well as learn more about SBA’s new system for PPP f orgiveness.

To view a livestream of the hearing, please click here.

Grant Due: FY 2026 AmeriCorps National Civilian Community Corps (NCCC) Program

WHAT DOES IT FUND? The purpose of this program is to strengthen communities and develop leaders through direct, team-based national and community service projects on a short-term basis. Click here for more information.

WHO'S ELIGIBLE? Nonprofit, secular, and faith-based organizations; local, state, and federal government entities; Native American and Alaskan tribes; national or state parks, forests, and other public lands; and public schools and universities

TOTAL FUNDING AMOUNT? Rather than providing monetary awards, this program places a full-time team to serve with sponsoring organizations

WHEN IS IT DUE? Rolling. Applicants invited to apply will be sent an application to complete by September 19, 2025, or November 21, 2025

US Congressional Calendar

9 December 2024

TFG Presents 2025 Congressional Calendar

The Ferguson Group (TFG) compiled a 2025 Congressional Calendar with session and recess dates for the U.S. House of Representatives and U.S. Senate 119th congressional session.

Latest TFG News

28 January 2025

TFG Monitoring Developments of Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs

On January 27, the Office of Management and Budget (OMB) under President Trump issued a memorandum titled “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.” The directive mandates Federal agencies to temporarily suspend the obligation and disbursement of federal financial assistance while conducting a comprehensive review of programs and awards to ensure alignment with the administration’s policies and priorities. As part of this review, agencies are also instructed to temporarily suspend the issuance of new program solicitations.

Meet a Team Member

Latest Coronavirus Updates