Friday, July 30, 2021

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SBA Begins Rolling Out Guidance for New PPP and PPP Second Draw Loans

Crowell & Moring – On January 7, 2021, the Small Business Administration (SBA) released two Interim Final Rules (IFRs) regarding amendments to the Paycheck Protection Program (PPP) by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). The Consolidated First Draw PPP IFR helpfully restates regulatory provisions and guidance to provide […]
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SBA Guidance for Expanded Paycheck Protection Program

Arent Fox - On January 6, 2021, the Small Business Administration (SBA) released additional guidance for the Paycheck Protection Program (PPP), which was expanded...

New Round of PPP Funds Available

Wiley – On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) became law. This act reinstated the Paycheck Protection Program (PPP) by (1) making a new round of PPP funds available to first time borrowers and (2) creating a second draw of PPP funds for certain […]
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New COVID-19 Relief Law Includes Limited Bankruptcy Protections Regarding PPP Loans

Perkins Coie – The latest COVID-19 relief legislation provided some additional aid and clarity for a select group of debtors and left many other questions unanswered. While most of the attention was directed to restarting the PPP payments and other benefits to individuals, the law makes changes to the Bankruptcy Code as well. Small business […]
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Section 3610 of the CARES Act Extended Until March 31, 2021

Crowell & Moring – On Sunday, President Trump signed a combined COVID-Relief and Omnibus Spending Bill, The Consolidated Appropriations Act of 2021, which funds the Federal Government for FY 2021 and includes a variety of COVID-19-related relief measures.  Among those measures, Section 1002 of the Act extends the reimbursement period for Section 3610 of the […]
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Nine Major Takeaways From the Omnibus and Coronavirus Relief Packages

Funding boosts and hiring pushes are coming for many federal agencies. More at NextGov
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DoD OIG Audit Assesses Implementation of Section 3610 Relief Under CARES Act

By Peter J. Eyre, Steve McBrady, Nicole Owren-Wiest, J. Chris Haile, Brian Tully McLaughlin, Skye Mathieson, Charles Baek, John Nakoneczy & Michelle Coleman of Crowell & Moring On December 9, 2020, the Department of Defense Office of Inspector General (DoD OIG) released its Audit of Department of Defense Implementation of Section 3610 of the Coronavirus […]
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Trump Administration Develops Governmentwide Office Reopening Guidelines, With Contractor Help

The Trump administration has put together a set of recommendations that agencies throughout government can use when bringing employees back to their offices, contracting with a private sector firm to compile the suggestions. More at Government Executive
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Section 3610 Extended Until December 11, 2020

Wiley Rein – Congress voted to extend Section 3610 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which authorizes (but does not require) agencies to reimburse contractors for the cost of paid leave incurred to keep contractor or subcontractor personnel in a “ready state” to the extent that the personnel were (i) […]
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New DoD Guidance Clarifies, and Restricts, Recovery Under § 3610

By Nicole Owren-Wiest, J. Chris Haile, Skye Mathieson & Alexandra Barbee-Garrett of Crowell & Moring On August 18, 2020, the Acting Principal Director for Defense...