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Treasury, Federal Reserve Release Final Main Street Facility Term Sheets

As previously reported, in response to the coronavirus (COVID-19) pandemic, the Federal Reserve and the U.S. Department of the Treasury unveiled two lending programs – the Main Street New Loan Facility (MSNLF) and the Main...more

Holland & Knight Provides Comments to Treasury, Federal Reserve on Main Street Lending Program

The CARES Act included language permitting the Federal Reserve Board to establish a "Main Street Lending Program," or other similar program or facility to support lending to small and mid-sized businesses. Toward this end,...more

Federal Reserve Board, Treasury Department Unveil New and Expanded Credit Facilities

The Federal Reserve Board and U.S. Department of the Treasury Secretary Steven Mnuchin on April 9, 2020, announced new and expanded measures aimed at providing up to $2.3 trillion in relief to U.S. businesses, states and...more

COVID-19 Round 3 in D.C.: CARES Act Summary

Congress has completed three rounds of legislation in response to the COVID-19 pandemic and resulting economic crisis. These include an $8.3 billion supplemental appropriation (round 1) signed into law on March 6, as well as...more

CARES Act: The Treasury Department's $500B Coronavirus Economic Stabilization Act Program

President Donald Trump on March 27, 2020, signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), providing $2.2 trillion of emergency appropriations. The CARES Act provides a wide range of...more

Summary: Financial Aid in Legislative and Administrative Responses to COVID-19

Congress has completed two rounds of legislation in response to the coronavirus (COVID-19) pandemic and resulting economic crisis. These include an $8.3 billion supplemental appropriation (round 1) signed into law on March 6,...more

As the Families First Coronavirus Response Act (Round 2) Goes to President, Round 3 in High Gear

Following Senate passage of the Families First Coronavirus Response Act (round two), the Administration and Senate are already busy finalizing measures to be included in round three, which will be focused on economic distress...more

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