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Federal Reserve Tribal Governments

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, August 4, 2022

Paul Hastings LLP on

August 3, 2022- U.S. Senators Debbie Stabenow (D-MI), Chairwoman of the Senate Committee on Agriculture, Nutrition, and Forestry, and John Boozman (R-AR), Ranking Member, along with Senators Cory Booker (D-NJ) and John...more

Schwabe, Williamson & Wyatt PC

Tribal Entities and the Main Street Lending Program

On August 4, 2020, the Federal Reserve presented on the use of the Main Street Lending Program by Tribal Entities (as defined below). While the presentation was in large part a summary of the already well-known components of...more

Faegre Drinker Biddle & Reath LLP

Treasury Waives Main Street Lending Program Restriction on Capital Distributions for Tribal Business Concerns

On July 15, 2020, the U.S. Department of the Treasury waived the Main Street Lending Program (MSLP) restriction on capital distributions for tribal business concerns, thus opening the doors for many tribal business concerns...more

Sheppard Mullin Richter & Hampton LLP

Federal Reserve Clarifies that Distributions to Tribal Governments are Permitted Under the Main Street Lending Program

On July 15, 2020, the Federal Reserve Bank of Boston issued new guidance expressly permitting tribal businesses that are borrowers under the Main Street Lending Program (“MSLP”) to pay dividends to their tribal government...more

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