PPP forgiveness bill would simplify process for Main Street

first_imgCUNA fully supports a bill from Rep Chrissy Houlahan (D-P.A.) and Rep Fred Upton (R-Mich.) that would simplify loan forgiveness from the Paycheck Protection Program (PPP). Houlahan and Upton introduced the bill Friday.“America’s credit unions fully support Reps. Houlahan and Upton’s legislation,” said CUNA President/CEO Jim Nussle. “Instead of jumping through burdensome regulatory hurdles, America’s small business owners and Main Street financial institutions will be able to focus on serving their communities.”The bill, H.R. 7777, would:Forgive covered PPP loans of less than $150,000, if the borrower submits a simple, one-page attestation form to the lender;The lender shall be held harmless from any enforcement action if the borrower’s attestation contained any falsehoods; and continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

ABB scores Rio Grande gig from US LNG developer NextDecade

first_imgThe proposed Rio Grande LNG export facility (Image courtesy of NextDecade)US LNG developer NextDecade has chosen ABB to provide an integrated automation and electrical solution for its Rio Grande LNG export project in South Texas.The automation of plant control systems will optimize plant performance and efficiency, representing “a logical extension of NextDecade’s low cost, lower risk development strategy in combination with Rio Grande LNG’s optimal South Texas location,” the duo said in a joint statement.“This agreement enables NextDecade to drive higher capital efficiencies through a unique, integrated approach among ABB, CB&I – NextDecade’s EPC contractor – and the NextDecade team via automation and electrical systems,” said Matt Schatzman, NextDecade President & CEO.“NextDecade expects ABB’s solutions to reduce the schedule, equipment footprint, and cost of our Rio Grande LNG facility, while providing greater operational flexibility.”Rio Grande LNG is a proposed 27 mtpa LNG export facility to be located on a 984-acre site on the Brownsville Ship Channel in South Texas and will be constructed in phases.The approximately 137-mile proposed Rio Bravo Pipeline will supply the facility with its feedgas, connecting it to the Agua Dulce natural gas supply area.Rio Grande LNG is currently in the advanced stages of the U.S. Federal Energy Regulatory Commission (FERC) review and permitting process, according to NextDecade.last_img read more