The rest must be spent on rent, utilities and other business related expenses.Extend from eight to 24 weeks the amount of time the loan can cover.Extend from two to five years the time new PPP loans must be paid back if the amount provided doesn’t convert into a grant.New York Democratic Rep. Nydia Velzquez, who chairs the House Small Business Committee, said the changes are needed to address an evolving pandemic which has led to widespread adoption of social distancing measures that continue to keep many businesses shut or far below capacity.”Local and state government shutdown orders have extended beyond expectations when the CARES Act was enacted on March 27, 2020, making re opening small businesses and re hiring employees challenging,” Kevin Kuhlman, NFIB’s vice president of Federal Government Relations wrote in a letter to lawmakers urging them to support the measure.Republicans who control the Senate could take up the bill as early as next week. They have shown an openness to addressing some changes to PPP.Florida GOP Sen.
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She noted that Massachusetts electric customers already pay some of the highest rates in the nation and that the state is “likely to remain at the top of that list.”The attorney general told the panel she supported the policy goals of the law, particularly the desire to address climate change and make the state more energy efficient. She cited a report from the American Council for an Energy Efficient Economy that ranked Massachusetts as the nation most energy efficient state.Enhanced regulatory provisions under the law have helped save $389 million for consumers in utility rate setting procedures, Coakley added.The Green Communities Act requires utilities to purchase more electricity from renewable power sources, with a goal of having 25 percent of electricity coming from renewables including wind turbines, solar panels and biomass generators by 2030. It also asks utilities to consider cost effective alternatives to buying more electricity or constructing new power plants when demand for electricity increases.Richard Sullivan, the state Secretary of Energy and Environmental Affairs, said the law was the administration most significant green energy achievement to date.