The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), enacted into law on December 27, 2020, provides additional, much-needed relief to businesses and families economically impacted by the COVID-19 pandemic. In particular, the Economic Aid Act rebooted the Paycheck Protection Program (PPP) with $284.5 billion of funding for first-time borrowers and businesses looking to take second PPP forgivable loans. Along with the new funding, “PPP 2.0” includes amended rules for first-time borrowers, new rules for “Second Draw PPP Loans,” and new terms and processes for loan forgiveness for all borrowers.

You’re invited to join BakerHostetler and Protiviti Forensic for a complimentary CLE program on the revived PPP. Our expert panel will explain what borrowers need to know to comply with the new PPP rules and other pertinent economic stimulus provisions included under the Economic Aid Act, such as the additional funding for the Economic Injury Disaster Loans grant program; discuss the criminal and civil enforcement risks borrowers face if they do not follow the rules; and provide practical measures borrowers can take now to mitigate risk.

Speakers:

• Alixandra Smith, Chief, Business and Securities Fraud Section, United States Attorney’s Office for the Eastern District of New York
• Camille C. Bent, Bankruptcy and Restructuring Partner, BakerHostetler
• Patrick T. Campbell, White Collar Partner, BakerHostetler, and Chair, NYC Bar Association Compliance Committee (moderator)
• Peter Grupe, Director, Protiviti Forensic
• George A. Stamboulidis, White Collar team Co-Leader, BakerHostetler

Approved for 1.5 hours CLE credit in California, New York, Pennsylvania and Texas. Available via reciprocity in New Jersey. Credit is pending in Colorado, Florida, Georgia, Illinois, Ohio, Virginia and Washington. Other states may be available upon request.

Please note, there may be press in attendance during the webinar.

For questions, please contact Kristen Gould at kgould@bakerlaw.com.