Wednesday, December 1, 2021

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GAO Report: COVID-19 Loans Lack Controls and Are Susceptible to Fraud

In April 2020, the Small Business Administration (SBA) moved quickly to implement the Paycheck Protection Program (PPP), which provides loans that are forgivable under certain circumstances to small businesses affected by COVID-19. Given the immediate need for these loans, SBA worked to streamline the program so that lenders could begin distributing these funds as soon […]
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Defense Contractors Will Have to Wait Months for Reimbursements

Companies in the defense industry will have to wait five months or more before they are reimbursed for extra costs they’ve incurred due to the COVID-19 crisis, the Pentagon’s top weapons buyer said Sept. 9. More at National Defense
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Pentagon Drafting New Guidance for Contractors Affected by Coronavirus

The Pentagon is using feedback from industry to draft new guidance to streamline the process of providing financial reimbursement to contractors impacted by the...

Democratic Senators Join Industry Groups in Calls to Extend CARES Act Funding Authority for...

Defense contractors will need financial support from federal agencies through the end of 2021 if they are going to make it through the coronavirus pandemic, according to industry groups and lawmakers. More at NextGov
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Smith: No More Corona Relief for Defense Businesses, Stop Messing with CMO

The leader of the House Armed Services Committee does not like the idea of floating more money to the Defense Department to keep its...

COVID-19 Warrants USAID Adjusting or Removing Indirect Rate Ceilings

Nichols Liu - COVID-19 crisis is a “once in a lifetime” event that is having an enormous impact on USAID’s implementing partners (IPs).  This...

“Help Me If you Can I’m Feeling Down, and I Do Appreciate You Being...

Many federal contractors are performing essential work that could expose people to the coronavirus. This, in turn, could result in claims and litigation against...

Veterans Affairs Granted Unprecedented Procurement Authority under P.L. 85-804

Blank Rome - On April 10, 2020, the President issued a Memorandum to the Secretary of the Department of Veterans Affairs (“DVA”) authorizing the...

Do You Meet the Unique Eligibility Requirements for a PPP Loan?

Piliero Mazza - If you missed the first batch of loans under the Paycheck Protection Program (“PPP”) and want to determine if you are...

Can Federal Contractors Offset Coronavirus Leave or Avoid Paying H&W Benefits Thereon: No, Maybe,...

Abrahams Wolf-Rodda - With the recent actions by Congress and some federal agencies, the leave benefit obligations for small size employers have been both...