Revised regulations restricting investments in Chinese companies developing semiconductors and microelectronics, quantum information technologies, and artificial intelligence systems are taking shape and could soon be in...more
8/6/2024
/ China ,
Due Diligence ,
Foreign Direct Investment ,
High-Risk Countries ,
Information Technology ,
Investors ,
National Security ,
NPRM ,
Popular ,
Semiconductors ,
Technology Sector ,
U.S. Treasury
As the People’s Republic of China (PRC) has emerged as a major economic power and competitor, the U.S. has leaned heavily on and enhanced its foreign direct investment regime over recent years to protect its national security...more
11/2/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
Biden Administration ,
CFIUS ,
China ,
Cross-Border Transactions ,
Cybersecurity ,
Executive Orders ,
Export Administration Regulations (EAR) ,
FIRRMA ,
Foreign Direct Investment ,
Foreign Investment ,
Joe Biden ,
National Security ,
NDAA ,
NDRC ,
Popular ,
Semiconductors ,
Supply Chain ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury
A recent executive order issued by President Biden aims to prohibit or oversee investments in certain sensitive technologies that could threaten the national security of the United States. The executive order, which was...more
10/16/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
CFIUS ,
China ,
Critical Infrastructure Sectors ,
Cross-Border Transactions ,
Department of Energy (DOE) ,
Executive Orders ,
Foreign Nationals ,
Information Technology ,
Intelligence Services ,
Joe Biden ,
National Security ,
NIST ,
Popular ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury
Congress has extended the date by which Paycheck Protection Program (PPP) loan applications can be made to May 31 by passing the PPP Extension Act of 2021. Prior to enactment, the application deadline for First Draw PPP loans...more
In its massive new pandemic relief and stimulus package, Congress has significantly modified the Paycheck Protection Program (PPP) to allow for second draws from the program, to simplify the loan forgiveness process, to...more
On October 26, the Small Business Administration (SBA) published a notice in the Federal Register seeking approval from the Office of Management and Budget to release two new forms to be sent to borrowers under the Paycheck...more
11/10/2020
/ Assessment ,
Audits ,
Borrowers ,
CARES Act ,
Federal Register ,
For-Profit Corporations ,
Liquidity ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
SBA ,
U.S. Treasury
On June 3, 2020, the Senate unanimously approved H.R., 7010, the Paycheck Protection Program Flexibility Act of 2020, or Flex Act, modifying certain provisions of the CARES Act relating to loan forgiveness under the Paycheck...more
The Federal Reserve anticipates accepting applications under the Main Street Lending Programs in June and has implied recently that the rollout is imminent. On May 27, 2020, the Federal Reserve Bank of Boston (FRBB) clarified...more
On April 30, 2020, the Federal Reserve Board of Governors issued revised term sheets for its Main Street Lending Program, which is not yet operational. The Main Street Lending Program was authorized by the Coronavirus...more
Faced with unprecedented commercial challenges that threaten their continued survival, many businesses have demonstrated their resilience by pivoting to pursue commercial opportunities that did not exist just weeks ago, such...more
Help for small business harmed by the COVID-19 pandemic-
Cash-strapped small businesses may find a lifeline in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the economic stimulus act that...more
The COVID-19 pandemic has caused tremendous displacement in the world’s economy. The international supply chain, particularly from China, but now including other parts of the world, has experienced significant impacts. Many...more
Starting Feb. 13, 2020, U.S. companies in tech, infrastructure and data seeking minority or controlling foreign investment will require approval from the Committee on Foreign Investment in the United States (CFIUS) before...more