Businesses now have one extra week to conduct their risk/reward analyses to decide whether to return their PPP loans. In prior guidance (Treasury FAQ 31 and 37), the SBA reminded borrowers that they “should review carefully...more
On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) (Pub. L. 116-136), which provides emergency assistance and health care response for individuals,...more
The U.S. Department of the Treasury (“Treasury”) and the Board of Governors of the Federal Reserve System (the “Federal Reserve”) last week provided key guidance regarding the Main Street Lending Program (the “Program”), a...more
The private equity and venture capital communities have advocated forcefully that their portfolio companies should be able access loans available under the Paycheck Protection Program (the “PPP”), the $349 billion U.S. Small...more
Providing critical guidance to millions, the U.S. Small Business Administration (“SBA”) issued two Interim Final Rules (collectively, the “Rules”) relating to the Paycheck Protection Program (the “PPP”), and its Office of...more
As we continue to learn more about the Coronavirus Aid, Relief and Economic Security Act (CARES Act), we are committed to sharing our knowledge and understanding of the bill with our clients.
In this webinar, we provided a...more
According to the Treasury Department, small businesses impacted by the coronavirus pandemic can start applying for emergency “forgivable” loans under the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) to cover...more
1. The Paycheck Protection Program -
The Coronavirus, Aid, Relief and Economic Security (“CARES”) Act has designated $349 billion for the Paycheck Protection Program. The Paycheck Protection Program expands the U.S. Small...more
3/31/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
On March 20, 2020, the Office of Management and Budget (“OMB”) issued guidance to federal government contractors (“contractors”) for dealing with a myriad of performance issues associated with COVID-19 (“OMB’s Guidance”)....more
On March 18, 2020, President Trump signed an Executive Order on Prioritizing and Allocating Health and Medical Resources to Respond to the Spread of COVID-19 (the “COVID-19 E.O.)....more
At the present time, there is no universal guidance from the White House on whether government contractors are permitted to telework. There are 430 departments, agencies and sub-agencies in the U.S. Federal Government....more
Congress has yet to pass a long-term spending bill for fiscal year 2018, relying instead on a series of short-term continuing resolutions to keep the Government open. Even after the most recent Government Shutdown which began...more
At midnight on January 20, 2018, the Government shut down for the 19th time since Congress introduced the Congressional Budget and Impoundment Control Act, which established the federal budget process in 1976. Six of the last...more
Executive Order (“EO”) 13076, signed by President Barack Obama on September 7, 2015, established paid sick leave for federal contractors. Specifically, this EO requires certain parties that contract with the Federal...more
8/9/2017
/ Accrual Requirements ,
Barack Obama ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Documentation ,
Employer Liability Issues ,
Executive Orders ,
Fair Labor Standards Act (FLSA) ,
Federal Contractors ,
Medical Certification Requests ,
Paid Leave ,
Paid Time Off (PTO) ,
Service Contract Act ,
Sick Leave ,
Wage and Hour
Health Information Technology (“IT”) is one of the fastest-growing fields in the IT industry, in part due to a spurt of government technology modernization initiatives. After seeing skyrocketing demand across federal...more
The Department of Health & Human Services’ Office of Inspector General (“OIG”) released its 2016 Work Plan, which includes the OIG’s focus on various aspects of federal government contracts. This alert will focus on the new...more