On Dec. 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA), an approximately $2.3 trillion omnibus appropriations bill to fund the government through September of 2021 that includes $900 billion of...more
The Paycheck Protection Program (PPP) was originally funded with $349 billion, and Congress recently appropriated another $310 billion for the program. ...more
On April 23, 2020, the Small Business Administration (SBA) issued clear guidance concerning the Paycheck Protection Program (PPP), mandating borrowers must need the money or else they should pay it back. The guidance is...more
In an April 9, 2020, press release, the Federal Reserve (the “Fed”) announced additional actions to provide up to $2.3 trillion in loans to support the economy. The Fed’s stated goal is to “assist households and employers of...more
The Senate has approved legislation known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is designed to provide much needed economic relief to individuals and businesses devasted by COVID-19. ...more