Bipartisan legislation seeks to reduce collision repair costs by limiting the length of time vehicle manufacturer exterior parts would be protected from competition. Congressman Darrell Issa (CA-50), Ranking Member of the Subcommittee on Courts, Intellectual Property and the Internet in the House Judiciary Committee, announced June 1 the introduction of bipartisan legislation to limit […]
NFIB Warns U.S. House Passage of Paycheck Fairness Act Harms Small Business
The National Federation of Independent Business (NFIB) warned that the U.S. House of Representatives passage of H.R. 7, the Paycheck Fairness Act, would create regulatory and legal issues for small businesses that would need to defend differences in pay across employees. In a statement, NFIB Senior Manager of Federal Government Relations Jeff Brabant said, “The […]
U.S. House Small Business Committee Holds Hearing on PPP
The Automotive Service Association (ASA) reported that the U.S. House Small Business Committee held a hearing entitled State of the Small Business Economy in the Era of COVID-19. During the hearing, lawmakers questioned four witnesses: Sharon Pinder, President and CEO of the Capital Region Minority Supplier Development Council, Stephen Shoaps, owner of Strother Cinema in […]
U.S. House Reviews PPP Processes and Loan Forgiveness
The Automotive Service Association (ASA) reports that the U.S. House of Representatives Committee on Small Business Subcommittees held two back-to-back hearings on the Paycheck Protection Program (PPP) entitled “Paycheck Protection Program: An Examination on Loan Forgiveness, SBA Legacy Systems, and Inaccurate Data” and “A Review of PPP Forgiveness” According to PPP loan data released by […]
Coalition Formed to Expand Consumer Choice and Vehicle Data Access in Collision Repair
Group currently includes Allstate, ABPA, CAPA and LKQ Corporation. The Consumer Access to Repair (CAR) Coalition formally launched July 1 by calling on Congress to explore expanded consumer choice over their personal vehicle data. The CAR Coalition is a group of independent automotive parts and repair companies, associations and insurers dedicated to preserving and protecting […]
U.S. House Unveils Moving Forward Act
Infrastructure package includes vehicle safety provisions and technician workforce outreach program. The Automotive Service Association (ASA) reports that in a 24-hour long marathon mark-up, the U.S. House Committee on Transportation and Infrastructure approved H.R. 2, the INVEST in America Act. The surface transportation reauthorization bill provides $494 billion over five years for transportation initiatives. The […]
Paycheck Protection Program Re-Opened Yesterday
The Small Business Administration (SBA) yesterday began accepting new loan applications under its Paycheck Protection Program (PPP) after additional funding was approved by the U.S. Congress last week. In a joint statement, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza, said, ““The PPP has supported more than 1.66 million small businesses and […]
House Approves Additional $320 Billion for Small Business Paycheck Protection Program
The U.S. House of Representatives yesterday approved additional funding for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) portion of the CARES Act that provides low interest loans for small businesses that can be forgiven if the business uses 75% of the funds for payroll. The House vote follows the passage in the […]
U.S. House Housing and Insurance Subcommittee Hearing Examines Future of Automobile Insurance in Era of Autonomous Vehicles
The U.S. House of Representative Financial Service Committee Housing and Insurance Subcommitee met yesterday to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance. The hearing examined […]
Bill in U.S. House Would Reform Insurance Claims Adjuster Licensing
Would provide for uniformity in licensing requirements and reciprocity across states that license claims adjusters. A bill introduced in the U.S. House of Representatives, Claims Licensing Advancement for Interstate Matters Act or CLAIM Act. (H. R. 3363), seeks to reform uniformity and reciprocity among states that license insurance claims adjusters. The bill seeks to have […]
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