Ben Cline small business bill signed into law


Ben ClineA bipartisan bill sponsored by Congressman Ben Cline (VA-06), H.R. 3311, the Small Business Reorganization Act was signed into law today by the President.

Understanding the challenges small business owners face, this Act simplifies the process for entrepreneurs to use bankruptcy as a means of reorganization. Under this bill, businesses with less than $2.5 million of debt will be able to file for bankruptcy in a timelier and more cost-effective manner. While in bankruptcy reorganization, a small business will be able to negotiate with creditors while keeping the doors open, employees on payroll, and suppliers and vendors paid.

“While it is my hope small business owners will never need to use the provisions of this bill, I am pleased that they now will have the necessary resources to make successful the businesses that they have worked so hard to build. ” Cline said.

This action follows on the heels of the President signing Rep. Cline’s LEGION Act earlier this month.



uva basketball team of destiny

Team of Destiny: Inside UVA Basketball's improbable run

Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25.

The book, with additional reporting by Zach Pereles, Scott Ratcliffe and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018, and how coach Tony Bennett and his team used that loss as the source of strength, through to the ACC regular-season championship, the run to the Final Four, and the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Subscribe

Augusta Free Press content is available for free, as it has been since 2002, save for a disastrous one-month experiment at putting some content behind a pay wall back in 2009. (We won’t ever try that again. Almost killed us!) That said, it’s free to read, but it still costs us money to produce. The site is updated several times a day, every day, 365 days a year, 366 days on the leap year. (Stuff still happens on Christmas Day, is what we’re saying there.) AFP does well in drawing advertisers, but who couldn’t use an additional source of revenue? From time to time, readers ask us how they can support us, and we usually say, keep reading. Now we’re saying, you can drop us a few bucks, if you’re so inclined.

 


augusta free press
augusta free press
augusta free press news