On March 6, 2021, the Senate passed President Joe Biden’s $1.9 trillion COVID-19 relief package known as the American Rescue Plan (ARP), including a $28.6 billion fund to assist restaurants. The relief package now heads back...more
3/9/2021
/ Bernie Sanders ,
Business Closures ,
Business Expenses ,
Business Interruption ,
Coronavirus/COVID-19 ,
Federal Grants ,
Joe Biden ,
Minority-Owned Businesses ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Restaurant Industry ,
Veterans ,
Women-Owned Businesses
Congress has breathed a third life into the Paycheck Protection Program – which appeared all but left for dead a scant week ago – and extended the availability of its potentially forgivable loans until August 8, 2020.
In...more
On June 3, 2020, the Senate unanimously approved H.R., 7010, the Paycheck Protection Program Flexibility Act of 2020, or Flex Act, modifying certain provisions of the CARES Act relating to loan forgiveness under the Paycheck...more
On May 22, 2020, a new interim final rule was posted by the Small Business Administration (SBA) that provides advice to borrowers and lenders concerning SBA’s review process under the Paycheck Protection Program (PPP). The...more
The obligation to provide paid sick leave and paid family leave under the Families First Coronavirus Response Act (FFCRA) commences on April 1, 2020 — 14 days after the March 18 enactment. The choice of April 1 nullified the...more
On March 27, 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security in its effort to respond to the COVID-19 pandemic. The CARES Act provides various forms of economic assistance to employers to address the...more
3/30/2020
/ Business Closures ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Unemployment Insurance