Nichols Liu - On Wednesday, Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza jointly announced that the SBA will review all PPP loans in excess of $2 million to ensure that the recipient was an “eligible” borrower. These audits will occur “following the lender’s submission of the borrower’s loan forgiveness application,” they said. Loans below $2 million and those for which forgiveness was not requested are still subject to audit.
Courts, Boards, & GAO
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“Close Enough” Isn’t Good Enough: Protester’s “Homebrew” Certification Sinks Proposal • Lost in Translation: GAO Upholds Rejection of Lease Written in Japanese • Bid Protests in Alaska • Federal Circuit Holds Challengers to CICA Stay Overrides Need Not Satisfy Four-Factor Injunctive Relief Test • The Clock Is Still Ticking — Claims Timeliness Across the Boards and at the COFC
The Audits Are Coming! The Audits Are Coming!
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