America's Engineers Testify on the Unintended Consequences of the Paycheck Protection Program
WASHINGTON — Owners of small engineering companies briefed lawmakers today on federal regulations that could deny them critical assistance under the Paycheck Protection Program (PPP) as part of a hearing before the House Small Business Committee's Subcommittee on Contracting and Infrastructure.
The hearing put a spotlight on an unintended consequence of the Federal Acquisition Regulation (FAR) and PPP loans for engineering firms working with state departments of transportation (DOTs) and other government clients, which could jeopardize small businesses.