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Infrastructure Investment and Jobs Act: Key Points

On November 15, 2021 (the “Effective Date”), President Biden signed into law the Infrastructure Investment and Jobs Act (the “Act”) to invest in our nation’s infrastructure and competitiveness. The federal government...more

Main Street Lending Program Updated Summary (as of May 6, 2020)

On April 15, 2020, we provided an industry alert giving a summary of the initial structure of the Main Street Lending Program (MSLP). Since that date, the Board of Governors of the Federal Reserve System (the “Board”) has...more

Main Street Lending Program Summary (as of April 15, 2020)

On April 9, 2020, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) announced several programs intended to address the negative economic effect of business closures resulting from the COVID-19...more

Deemed Dividends Under Proposed Tax Reform

2017 tax reform efforts may alleviate adverse deemed dividend tax treatment of foreign subsidiary support for the obligations of U.S. parent companies. Present support is limited to the pledge of 66 ?rds of the stock in...more

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