New Business Preservation Act

The New Business Preservation Act (S. 3515 and HR.6403) and related legislation that creates federal investment in venture capital to stimulate broader economic growth. COVID Legislation.

Client expense: Not reported · Firm income: Not reported

The New Business Preservation Act (S. 3515 and HR.6403) and related legislation that creates federal investment in venture capital to stimulate broader economic growth. COVID Legislation.

Client expense: Not reported · Firm income: Not reported

The New Business Preservation Act (S. 3515 and HR.6403) and related legislation that creates federal investment in venture capital to stimulate broader economic growth. COVID Legislation.

Client expense: Not reported · Firm income: Not reported

S 700 & HR 1625 - New GIG Act; International Digital Taxes; Carried interest; On demand economy tax issues; Investment Tax Credit (ITC); CARES Act; New Business Preservation Act (S. 3515, H.R. 6403); Tax reform for startups (Monetizing Assets Legislative Proposal - draft legislation in process); H.R. 6751, the Caring for Startup Employees Act of 2020; H.R. 7010, the Paycheck Protection Flexibility Act; Tax Reform Issues.

Client expense: $40,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Discussions regarding technology commercialization, small business and appropriations New Business Preservation Act, H.R.6403/S.3515 HEROES Act, H.R.925 FY21 Commerce, Justice, Science Appropriations Bill FY21 Financial Services Appropriations Bill

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE

Access to Capital and COVID-19 Paycheck Protection Program (PPP): SBE Council continued to support changes and more flexibility for PPP including a lifting of the payroll to other essential expenses ratio for loan forgiveness; expanding the 8-week window of usage for loan forgiveness to 24 weeks; expanding the list of eligible forgivable expenses to include personal protective equipment (PPE) and platform-based cloud services costs; and extending the PPP program to year-end or at the discretion of the SBA Administrator. Paycheck Protection Flexibility Act, H.R. 7010: Supported House and Senate passage on the legislation. Urged the U.S. Treasury to on-ramp and deploy fin-tech companies to provide more rapid and broad access of PPP loans to small businesses. Economic Injury Disaster Loan (EIDL) Program: Advocated for lifting the arbitrary $150,000 loan cap established by SBA, which was not in authorizing legislation passed by Congress (it was $2 million), and for the SBA to review all loans given to determine if applicants are eligible for additional funds without the caps and to provide such loans funds to eligible small business applicants. Also urged Congress and the SBA to re-open the EIDL application portal to all small businesses, as it was only open to agricultural-related businesses for a period of time. COVID-19 Recovery Loans: Support efforts in the Congress to create a new long-term, flexible, low-interest rate loan program for small businesses. Related COVID-19 Issues Legal Reform and COVID-19: Advocated for a safe harbor for small businesses (not immunity) from litigation that protects businesses when appropriate standards of care have been met to reduce COVID-19 exposure and spread. Bad Debts Deduction: Advocated for a temporary legislative modification (to Section 166 of the tax code) to account for COVID-19 that would loosen the facts-and-circumstances test on bad debt business deductions and accelerate these deductions into the present taxable year. The JOBS Credit Act of 2020 (H.R. 6776): Supported the bill and its inclusion in future legislative package addressing COVID-19. Fuel Tax Relief: Supported efforts to suspend fuel taxes paid by non-commercial operators, which are predominantly small to mid-size businesses, similar to what the commercial airlines received. New Business Preservation Act (H.R. 6403): Supported the inclusion of this legislation in CARES Act package. CMS Temporary Regs Made Permanent: Urged that temporary regulatory changes made to telehealth, professional licensing, physician supervision and privacy during COVID-19 be made permanent. Clarification on PPP Loan Forgiveness: Supported efforts to amend the CARES Act to explicitly include language that waives Code Section 265 from applying to PPP loan forgiveness. The Small Business Expense Protection Act (S. 3612,): Supported this legislation that would allow the customary deduction of business expenses for small business recipients of Paycheck Protection Program (PPP) loans. Net Operating Losses (NOL): Advocated for the preservation of the NOL carryback and suspension of limitation of excess busines loss provisions contained in the CARES Act. Pandemic Anti-Monopoly Act: Opposed this legislation that would ban all mergers during the economic and public health emergency (the COVID-19 period). SEC Conditional Rules on Regulated Crowdfunding: Supported Securities and Exchange Commission (SEC) conditional rules for small businesses utilizing Regulation Crowdfunding as an option to raise capital during the COVID-19 economic period. Access to Broadband, 5G and Communications Issues Advocating for funding of the Broadband Data Act that was signed into law to ensure up-to-date broadband access mapping of underserved areas of the nation. Infrastructure Spending: In consideration of funding for broadband infrastructure projects currently being considered before Congress, advocated for the continuation of a light regulatory touch and limited restrictions, mandates and conditions, which could slow broadband deployment. TV White SPACES: Filed joint comments with the Federal Communications Commission to show continued support for the use of TV White Spaces to help improve communications across the country. (ET Docket No. 20-36) FCCs 5G Upgrade Order: Supported this order advancing modernization of rules that would accelerate the deployment of 5G. Emergency Purposes Communications Modernization: Supported a petition filed by the American Bankers Association to the FCC to allow for an emergency purposes exemption from the Telephone Consumer Protection Acts (TCPAs) consent requirement, which would allow banks, credit unions and other customer-facing financial institutions to call or text their customers regarding specific matters that they need to know during the COVID-19 pandemic. STELAR and the Distant Signal License: Advocated for the preservation of access to vital television programming in rural America through action by the Congress in delaying the expiration of the Copyright Acts distant network signal license to December 31, 2020. Regulatory Reform and Relief Supported the Administrations Regulatory Relief to Support Economic Recovery Executive Order. Establishing Beneficial Ownership Information Reporting Requirements: Continue to oppose efforts in the Congress to impose these new regulatory and reporting requirements on small businesses. EPA Proposal on Benefit-Cost Analysis: Voiced support for the Environmental Protection Agencys proposal to establish a best-practices framework for regulations promulgated under the Clean Air Act. Drug Importation and International Pricing Index: Continue to oppose proposal by the Department of Health and Human Services to allow for unsafe importation of drugs and pegging the price of U.S. drugs to countries that impose price controls. Intellectual Property Protection Patent Protection and Reform: Submitted comments to the U.S. Patent and Trademark Office (USPTO) supporting the offices proposed changes to PTABs Rules of Practice for Instituting on All Patent Claims and All Ground and Eliminating the Presumption of Institution Favoring Petitions as to Testimonial Evidence (Docket No. PTO-P-2019-0024). Good Government U.S. Postal Service Accountability: Voiced continued support of financial reforms at the USPS, and opposed reforms to bailout the agency.

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, H.R. 5042, and H.R. 6513. Issues relating to non-compete agreements and their effects on economic dynamism, including S. 2614 and H.R. 5710. Issues relating to demographic trends, labor force issues and the availability of human capital. Issues relating to small business, entrepreneurship, and COVID-19 relief, including H.R. 748, S. 3515, H.R. 6403, S. 3805, H.R. 7010, S. 3833, HR. 6619, S. 3814, and S. 3516.

Client expense: $110,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 700 & HR 1625 - New GIG Act; International Digital Taxes; Carried interest; On demand economy tax issues; Investment Tax Credit (ITC); CARES Act. New Business Preservation Act (S. 3515, H.R. 6403); Tax reform for startups (Monetizing Assets Legislative Proposal - draft legislation in process); H.R. 6751, the Caring for Startup Employees Act of 2020; H.R. 7010, the Paycheck Protection Flexibility Act; Tax Reform Issues.

Client expense: $50,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Discussions regarding technology commercialization, small business and appropriations New Business Preservation Act, H.R.6403/S.3515 HEROES Act, H.R.6800 FY21 Commerce, Justice, Science Appropriations Bill FY21 Financial Services Appropriations Bill

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Discussions regarding technology commercialization, small business and appropriations New Business Preservation Act, H.R.6403/S.3515 H.R.748/S.2548 - Coronavirus Aid, Relief and Economic Security Act (CARES Act)

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to economic development of distressed communities, including IRC section 1400Z, S. 1344, H.R. 2593,S. 2994,S. 2787, andH.R. 5042. Issues relating to non-compete agreements and their effects on economic dynamism, including S. 2614 and H.R. 5710. Issues relating to demographic trends, labor force issues and the availability of human capital. Issues relating to small business, entrepreneurship, and COVID-19 relief, including H.R. 748, S. 3515, and H.R. 6403.

Client expense: $100,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE