Latest News
ACEC News / Advocacy

September 24, 2021

Waiver of FAR Credit for Forgiven PPP Loans Passes House

ACEC's campaign to win passage of a targeted waiver of a provision in the Federal Acquisition Regulation that is forcing A/E firms to provide credits for forgiven Paycheck Protection Program (PPP) loans on contracts with state departments of transportation (DOTs) got a big boost this week, as the House of Representatives passed the waiver as an amendment to the annual National Defense Authorization Act.

Enactment of the provision would address a significant challenge facing small firms working on State DOT and local transit projects.

The amendment, sponsored by Representative Anthony Brown (D-MD) and co-sponsored by Representatives John Katko (R-NY), Troy Balderson (R-OH), Rodney Davis (R-IL), and Raja Krishnamoorthi (D-IL), was passed by voice vote.

The Brown amendment states that “no cost reduction or cash refund shall be due to the Department of Transportation or to a State transportation department, transit agency, or other recipient of assistance” on the basis of forgiveness of the payroll costs of a covered PPP loan.

ACEC will be coordinating with lead sponsors in the Senate on securing final passage of the amendment.

All comments to blog posts will be moderated by ACEC staff.


Post a Comment
Leave this field empty

'Subscribe' enables commenters to sign up for e-mail notification of subsequent entries

Life/Health Trust
Office Depot
Office Depot
Connect with us
Instagram Image
Facebook Image
twitter Image

To view back issues of the Last Word newsletter, click here.