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Congress modifies terms of PPP to provide borrowers with greater flexibility

On June 5, H.R. 7010, the Paycheck Protection Program Flexibility Act (the PPP Flexibility Act or Act), was signed into law. The bill had previously passed the House and Senate with strong bipartisan votes. Please see full...more

Braving a perfect storm: Avoiding legal and reputational risk associated with CARES Act oversight and investigations

Businesses across the United States have been battered by the COVID-19 crisis and many companies have been the recipients of unprecedented levels of economic assistance and tax relief under the Coronavirus Aid, Relief, and...more

A (cloudy) CARES 2.0 "crystal ball"

With an interim relief measure, the Paycheck Protection Program (PPP) and Health Care Enhancement Act, now signed into law, the jockeying over a CARES 2.0 stimulus package has begun. What follows is a thumbnail sketch of the...more

REVISED (Update #2): COVID-19 U.S.: Navigating the Paycheck Protection Program (PPP) under the CARES Act and recent SBA guidance

On Friday, March 27, President Trump signed into law H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to address the catastrophic impact of COVID-19 on the U.S. economy. The CARES Act is a US$2.2...more

COVID-19 U.S.: Navigating the Paycheck Protection Program (PPP) under the CARES Act

On Friday, March 27, President Trump signed into law H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to address the catastrophic impact of COVID-19 on the U.S. economy. The CARES Act is a US$2.2...more

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