SBA Updates “Economic Uncertainty” Certification Guidance
By Aron C. Beezley, Frederic L. Smith Jr. & Elizabeth M. Boone of Bradley Arant Boult Cummings
The Small Business Administration issued an important update to...
Class Deviation: Customary Progress Payment Rates Based on Costs
As part of the coronavirus national emergency, the Department of Commerce has issued a class deviation for customary progress payment rates based on costs...
New Capabilities Added to Procurement Integrated Enterprise Environment Capabilities
In light of the national emergency response to the COVID-19 pandemic, and the impact on secure exchanges of information that would normally travel via...
FEMA to Release New Emergency Management Priorities and Allocation System to Govern FEMA DPA...
Crowell & Moring - On May 13, 2020, the Federal Emergency Management Agency (FEMA) will publish an interim final rule establishing the Emergency Management...
Coronavirus Update: SBA Extends “Safe Harbor” for Return of PPP Loans, Promises Further Guidance...
Crowell & Moring – On May 5, 2020—a mere two days before the close of the “safe harbor” period established by the Small Business Administration (SBA) for borrowers to return Paycheck Protection Program (PPP) loans if recipients did not believe they could make the economic need certification in good faith—Treasury and the SBA have updated […]
Federal Reserve Expands Scope of Main Street Lending Program and Announces New Details
By Frederic L. Smith Jr., Elizabeth M. Boone, Aron C. Beezley & J. Keith Windle of Bradley Arant Boult Cummings LLP
On April 30, the Federal...
Congressional, Executive, and Legal Developments for Government Contractors to Consider
Venable - With the novel coronavirus (COVID-19) pandemic front and center, this month has seen several developments that impact government contractors, including notable legislative...
PPP Safe Harbor Deadline Extended
Aronson Consulting - On May 5, 2020, the Small Business Administration (SBA) extended the safe harbor deadline for returning Paycheck Protection Program (PPP) funds. The...
Is My Company’s PPP Loan “Necessary to Support Ongoing Operations?” What If I’m Wrong?
Morrison Foerster - Given the proliferation of adverse news articles and TV pundit segments about well-funded companies that have received federal, Small Business Administration...
Some Expenses May No Longer Be Deductible In Connection With PPP Loans
Maynard Cooper Gale - On April 30, the Internal Revenue Service released Notice 2020-32 clarifying the IRS’s position with respect to the deductibility of...