PROJECT 38: GovCon's most important number isn't strictly about a dollar sign
Companies in the government market always cast glances at the budget, but now they are zeroed in on whether they will see a key piece of legislation to help them manage through the COVID-19 pandemic. In this episode of Project 38, Kea Matory of the National Defense Industrial Association updates us on where the situation is regarding Section 3610 of the CARES Act economic stimulus law that expires Sept. 30.
NDIA is one of the major trade groups that represents companies in the government market. As director for legislative policy, Matory tracks developments on Capitol Hill and helps government contractors make sense out of laws and policy that govern the industry.
CARES Act Section 3610 lets contractors seek reimbursement from agencies if employees cannot get to their worksite because of a pandemic-caused closure or if COVID-19 directly impacts them. But as Matory explains, there is still ambiguity across industry on how to go through the process and especially if companies are considering the Paycheck Protection Program.
Part of that ambiguity is also rooted in how the clock is running down on Section 3610 and where the money comes from. We recorded this episode Wednesday, Aug. 26.