News & Analysis as of September 18, 2024

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

Investigations Newsletter: Cooperation Spares Former NBA Shooting Guard From Prison

ArentFox Schiff on 3/25/2024

Cooperation Spares Former NBA Shooting Guard From Prison - Former National Basketball Association (NBA) shooting guard, Antoine Wright, was sentenced to time served after he pled guilty to conspiracy and aggravated...more

Business Owner Charged with Fraud Connected to the Paycheck Protection Program

ArentFox Schiff on 6/22/2020

Business Owner Charged with Fraud Connected to the Paycheck Protection Program - On June 15, 2020, the owner of several information technology companies was charged in a criminal complaint with bank fraud and for making...more

Seyfarth Policy Matters Newsletter - April 2020 #3

Seyfarth Shaw LLP on 4/23/2020

Congress Replenishes Paycheck Protection Program (PPP) Through its Phase Four Coronavirus Relief Package. On Tuesday, via unanimous consent, the Senate passed the Paycheck Protection Program Increase Act of 2020...more

Senate Passes Another Round of Coronavirus Relief to Replenish the Paycheck Protection Loan Program and Other Programs;...

Seyfarth Shaw LLP on 4/22/2020

Summary - Late yesterday, the Senate passed the Paycheck Protection Program Increase Act of 2020. The measure appropriates a total of $484 billion, mainly to refund the Paycheck Protection Program (PPP), but also to provide...more

CARES Financial Relief for Health Care Providers

Chambliss, Bahner & Stophel, P.C. on 4/14/2020

The CARES Act adds $100 billion to the “Public Health and Social Services Emergency Fund” to reimburse “eligible health care providers” for “health care-related expenses or lost revenues that are attributable to Coronavirus.”...more

CARES Relief for State and Local Governments

Chambliss, Bahner & Stophel, P.C. on 4/14/2020

The CARES Act establishes a $500 billion loan program accessible by cities, states, and businesses, while also providing for more than $250 billion in direct funding to state and local governments. The majority of the direct...more

IRS Clarifies Interaction of Payroll Tax Deferral with PPP Loan Forgiveness Under CARES Act

ArentFox Schiff on 4/14/2020

On April 10, the Internal Revenue Service published responses to frequently asked questions with respect to the payroll tax deferral provisions of the CARES Act, including clarification that employers that take loans under...more

CARES Act Appropriates $100 Billion for Healthcare Providers

Snell & Wilmer on 4/13/2020

With the passage of the CARES Act, $100 billion has been appropriated to the Public Health and Social Services Emergency Fund (“PHSSEF”), to be administered by a small agency within the Department of Health and Human Services...more

Summary of Key Provisions of Interim Final Rule: CMS Policy and Regulatory Revisions in Response to the COVID-19 Public Health...

Sheppard Mullin Richter & Hampton LLP on 4/10/2020

On March 30, 2020, the Centers for Medicare and Medicaid Services (“CMS”) announced an Interim Final Rule with Comment Period (the “IFC”) to address numerous regulatory and administrative changes in response to the COVID-19...more

Answers for Nonprofits Seeking Relief under the CARES Act

Sheppard Mullin Richter & Hampton LLP on 4/10/2020

In this time of crisis, nonprofits of all shapes and sizes have been scrambling to obtain assistance under the federal CARES Act. Sheppard Mullin’s Nonprofit Team is grateful for the special opportunity to help by partnering...more

False Claims Act Considerations Related to the CARES Act's Small Business Administration Loan Program

King & Spalding on 4/9/2020

On March 27, 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, which authorized $2.2 trillion to, among other things, help companies and individuals mitigate the financial repercussions...more

New York Budget Bill Includes Changes in Employee Leave Law

Harris Beach PLLC on 4/8/2020

It might not be business as usual, but business in New York goes on even as the state grapples with the coronavirus pandemic. New York State’s annual budget bill, signed by Gov. Cuomo on April 3, contains amendments to New...more

Summary of Key Tax Provisions for Businesses Under CARES Act

Harris Beach PLLC on 4/7/2020

The following is a summary of certain key tax provisions relevant to businesses outlined in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act"-- H.R. 748). The CARES Act provides financial support to...more

Employment Law Now IV-62-Weekend Roundtable Discussion on Various Impacts of the Federal CARES/Coronavirus Programs

Cozen O'Connor on 4/4/2020

In this special weekend edition, Michael Schmidt hosts a roundtable discussion with 6 of his Cozen O'Connor colleagues to discuss frequently asked questions on the following issues: (1) labor and employment considerations;...more

AGG's CARES Act Webinar

Arnall Golden Gregory LLP on 4/3/2020

As we continue to learn more about the Coronavirus Aid, Relief and Economic Security Act (CARES Act), we are committed to sharing our knowledge and understanding of the bill with our clients. In this webinar, we provided a...more

The CARES Act Zero-Sum Game: Intense Competition for Treasury’s $454 Billion

Brownstein Hyatt Farber Schreck on 4/1/2020

The CARES Act appropriated $454 billion to the Treasury Department to be used in capitalizing Federal Reserve lending facilities. While that may sound like a lot of money, there is already intense competition for it among...more

Summarizing the Mid-Size Business Loan Program

ArentFox Schiff on 4/1/2020

The CARES Act authorizes $500 billion in lending to medium and large businesses, including nonprofits. A significant amount is set-aside for the aviation and national security sectors, with $454 billion remaining for other...more

The CARES Act – What Are the Health and Welfare Plan Issues to Consider?

Snell & Wilmer on 4/1/2020

On March 27, 2020, President Donald Trump signed the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”). This alert addresses health and welfare issues in the CARES Act and some health and welfare issues...more

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