The American Rescue Plan Act establishes a $28.6 billion Restaurant Revitalization Fund to distribute grants of up to $10 million to restaurants and other food and beverage businesses. Eligible restaurants, bars, food...more
On March 11, 2021, President Joe Biden signed into law the American Rescue Plan Act of 2021 - a $1.9 trillion economic relief package. While the legislation marks the first major legislative victory for President Biden and...more
The American Rescue Plan Act (“the Act”) was passed by the Senate on March 6, 2021, and is now headed for ratification by the House of Representatives and signature by President Biden. The $1.9 trillion stimulus includes over...more
Nearly one year ago, in response to the COVID-19 pandemic and related economic downturn, the Small Business Administration-backed Paycheck Protection Program (PPP) provided loans to help businesses keep their workforce...more
On January 28, HB 170 and its Senate counterpart, SB 98, were prefiled with the Alabama Legislature and designated as three separate acts: (i) The Alabama Taxpayer Stimulus Freedom Act of 2021, (ii) The Alabama Business Tax...more
Budget Time in New York- Last week, we reviewed some of the tax measures discussed by Governor Cuomo in his report on the State of the State, and how they may affect New York businesses and their owners. Today, we’ll take...more
The $2.3 trillion COVID-19 relief and government funding package includes $7 billion in funding for broadband programs, as well as reforms to the PPP program to expand television and radio station eligibility. Overall, the...more
The recently-passed Consolidated Appropriations Act, 2021 (the “CAA”) augments the CARES Act by expanding the existing Paycheck Protection Program (“PPP”) and adding additional stimulus programs in an attempt to lay some...more
After months of deadlock, a $900 billion stimulus package promises direct payments, unemployment benefits and small business aid. On December 27, President Trump signed into law a $900 billion COVID relief package and a...more
On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021, an omnibus stimulus and budget act that includes the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (HHSB Act). The...more
On Sunday, December 27, 2020 President Trump signed into law the $900 billion stimulus package enacted by Congress on December 21. His signature ensures that this new relief spending for individuals, families, workers, and...more
In its massive new pandemic relief and stimulus package, Congress has significantly modified the Paycheck Protection Program (PPP) to allow for second draws from the program, to simplify the loan forgiveness process, to...more
Late Sunday night, Congress came to an agreement on a long-awaited second stimulus package. President Trump is expected to sign the highly anticipated $900 billion stimulus package in the coming days. Out of that total...more
Congress has passed the long-awaited bipartisan stimulus package on December 21, 2020 which is expected to be signed by the President. Included in this package are significant changes to the existing Paycheck Protection...more
Senate Republicans have introduced the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, a nearly one-trillion-dollar stimulus package comprised of a package of bills that includes the Continuing...more
As confirmation hearings are held for Special Inspector General for Pandemic Recovery, the DOJ announces its first major indictments for violations of the CARES Act. DOJ and Leaders in Congress are turning to aggressive...more
COVID-19 stimulus payments come with restrictions and regulatory obligations. Legal and compliance teams should be alert for the obligations organizations will assume through their acceptance of CARES Act relief....more
On Friday, March 27, 2020, the President signed into law a massive stimulus package - the Coronavirus Aid Relief, and Economic Security (CARES) Act - in response to the economic crisis caused by COVID-19. The CARES Act...more
With the introduction of the Small Business Loan Guarantee Program and the Small Business Emergency Loan Program, Minnesota small business owners now have access to two loan programs in addition to the Paycheck Protection...more
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The new law provides for $2.2 trillion in emergency aid to ease the financial impact of the COVID-19...more
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 478), which is a $2 trillion stimulus package in response to the impact the Coronavirus is having on the U.S....more