News & Analysis as of

Relief Measures American Rescue Plan Act of 2021

Ankura

The American Childcare Industry: Challenges and Opportunities in 2024

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The childcare industry has long been a crucial pillar of the U.S. economy, enabling parents to work and contributing significantly to national stability. However, the past decade has seen unprecedented challenges,...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

IRS Places Moratorium on New Employee Retention Tax Credit Processing

On September 14, 2023, the Internal Revenue Service (IRS) released Employee Retention Credit (ERC) guidance placing a moratorium on processing new ERC claims due to a surge in questionable claim submissions. Claims already...more

Best Best & Krieger LLP

U.S. Department of Treasury Releases Updated ARPA Interim Final Rule

The Consolidated Appropriations Act of FY23 created new American Rescue Plan Act (ARPA) eligibility – to include response to natural disasters, to build critical information, and support community development. On August 10,...more

Bricker Graydon LLP

"B-sides" ARPA - Congress adds fifth and sixth buckets of eligible use

Bricker Graydon LLP on

If you were living your life fully in late December 2022, you can be excused for having missed a big deal in the world of the American Rescue Plan Act. Your “B-sides” authors, however, grew excited at the prospect of new...more

Venable LLP

Biden-Harris Administration Announces Debt Cancellation, Other Changes to Student Lending Program

Venable LLP on

​​​​​​​On August 24, 2022, the U.S. Department of Education (the Department) announced an extension of the pause on student loan repayment, student debt cancellation, a new income-driven repayment plan, and proposed changes...more

Bricker Graydon LLP

Federal procurement rules not applicable to certain ARPA-funded projects

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By now, Ohio municipalities, counties, and townships are well aware that the federal government passed significant coronavirus relief funding in the American Rescue Plan Act (ARPA). Specifically, Ohio’s political subdivisions...more

Brownstein Hyatt Farber Schreck

Treasury Department Announces $500 Million for Tribal Nations under LATCF

Last week, the U.S. Department of the Treasury announced the availability of $500 million in funding through the Local Assistance and Tribal Consistency Fund (LATCF) for eligible tribal governments. The LATCF, which was...more

Proskauer Rose LLP

3 Changes In Final Multiemployer Pension Rescue Rule

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The American Rescue Plan Act of 2021 created a significant new special financial assistance program administered by the Pension Benefit Guaranty Corporation for certain troubled multiemployer pension plans. Shortly after...more

Proskauer - Employee Benefits & Executive...

PBGC Issues Final Rule on Special Financial Assistance Program for Troubled Multiemployer Pension Plans

On July 8, 2022, the Pension Benefit Guaranty Corporation (“PBGC”) published its much anticipated final rule on the special financial assistance (“SFA”) available to certain troubled multiemployer plans under the American...more

Arnall Golden Gregory LLP

HHS Extends ARP Spending Deadline to March 31, 2025 for HCBS Medicaid Recipients

States now have through March 31, 2025 to use the federal medical assistance percentage (FMAP) funding made available by the American Rescue Plan Act (ARPA). The announcement was made by the U.S. Department of Health and...more

Freeman Law

A Primer on the Employee Retention Credit (ERC)

Freeman Law on

The Employee Retention Credit – Introduction. Congress acted quickly during the worldwide COVID-19 pandemic to provide hiring and other economic incentives to employers. One particularly helpful relief provision—the employee...more

Holland & Knight LLP

Tribal Governments: Fiscal Recovery Fund Reports Due by April 30

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There is an important tribal reporting deadline at the end of this week: Every tribal government that received a share of the $20 billion Fiscal Recovery Fund (FRF) from the 2021 American Rescue Plan Act must file a report by...more

McNees Wallace & Nurick LLC

ARPA Reporting Due April 30, 2022!

The American Rescue Plan Act (“ARPA”) was enacted in March 2021 providing an unprecedented $1.9 trillion in direct relief to combat the effects Covid-19, whether it be negative economic impacts, public health implications,...more

Kohrman Jackson & Krantz LLP

Restaurants Push for More COVID Relief

Two years ago this week, the country began to shut down due to COVID. Now, thousands of restaurant owners, employees and patrons alike are calling on President Biden to assist in getting another round of restaurant relief...more

Holland & Knight LLP

Local Government Update: Treasury's Final Rule on American Rescue Plan Coronavirus State and Local Recovery Funds

Holland & Knight LLP on

The U.S. Department of the Treasury released the Final Rule on Jan. 6, 2022, governing the use of Coronavirus State and Local Fiscal Recovery Funds (SLFRF) as established under the American Rescue Plan. To assist…...more

Bricker Graydon LLP

ARPA final rule - The “B-sides collection”: Seeding revolving loan funds

Bricker Graydon LLP on

Continuing our series of articles reviewing the lesser publicized aspects of the new American Rescue Plan Act (ARPA) guidance (hence, the “B-sides” moniker), we address the U.S. Treasury’s issued guidance as to using federal...more

Manatt, Phelps & Phillips, LLP

Treasury Issues Final Rule for Use of $350 Billion American Rescue Plan State and Local Relief Funds

One of the most significant provisions of the American Rescue Plan was the establishment of the $350 billion Coronavirus State and Local Fiscal Recovery Funds (SLFRF or Fiscal Recovery Funds)....more

Bricker Graydon LLP

ARPA Final Rule - The “B-sides collection”: Funding capital projects

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Much has been written by various prognosticators regarding the January 6, 2022, release by the U.S. Treasury of its Final Rule as to the use by state and local governments of federal stimulus funding under the American Rescue...more

Bricker Graydon LLP

County land banks ideally suited to help spend ARPA stimulus cash

Bricker Graydon LLP on

Government finance types have been in a mad scramble since March 2021 to answer the how, where and on what riddles to spending their American Rescue Plan Act (ARPA) funds. As is well-known, the federal government’s response...more

Holland & Knight LLP

Update for Employers: Recent Legislation Improves, Extends Employee Retention Credit

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Please note: This alert has been updated with new developments after the enactment of the Infrastructure Investment and Jobs Act. The Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized a refundable tax...more

Groom Law Group, Chartered

Infrastructure Investment and Jobs Act Expands Interest Rate Smoothing and Disaster Relief Provisions

On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act (the “IIJA”) into law. IIJA contains two sections that may affect qualified retirement plans....more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021.  The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of November 15, 2021, the SBA had...more

McGuireWoods Consulting

American Rescue Plan Implementation - November 2021

McGuireWoods Consulting on

State Actions on Coronavirus Relief Funds | American Rescue Plan Overview - On March 10, 2021, Congress passed President Biden’s stimulus and COVID-19 relief package, the American Rescue Plan (ARP). The $1.9 trillion...more

Bricker Graydon LLP

Trying to fit that square peg in a round hole? Your efforts at spending ARPA stimulus may get easier with pending changes

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Legislation currently under consideration in Congress may serve to dramatically expand the eligible uses of American Rescue Plan Act (ARPA) funds. The proposed State, Local, Tribal, and Territorial Fiscal Recovery,...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers - (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021. The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of October 25, 2021, the SBA had...more

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