News & Analysis as of

Federal Grants CARES Act

Ogletree, Deakins, Nash, Smoak & Stewart,...

What New Student Loan Relief Means for Employee Benefits

​​​​​​​The Biden administration announced several student loan debt relief measures on August 24, 2022, including an extended loan repayment moratorium through December 31, 2022, and debt cancellation that will be available...more

Amundsen Davis LLC

Government Loans And Grants to Businesses – Beware Of The “Fine Print”

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Starting from the early days of the COVID-19 pandemic both federal and state governments have provided assistance to businesses struggling with the economic impact of the pandemic. Specifically, federal, state, and public...more

Bricker Graydon LLP

American Rescue Plan and Higher Education Emergency Relief Fund III: What institutions of higher education need to know

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President Biden signed the American Rescue Plan Act of 2021 into law on March 11, 2021. The Act includes around $1.9 trillion dollars in funding for coronavirus recovery, $39.6 billion of which is appropriated to institutions...more

Downs Rachlin Martin PLLC

Restaurant Revitalization Fund Grants for Breweries and Brewpubs

Over the last three weeks, the Small Business Administration (SBA) has posted in its Knowledge Base responses to many questions (i) about the Restaurant Revitalization Fund (RRF) Grant Program (“Program Questions”) and...more

Rumberger | Kirk

Restaurant Revitalization Grant Offers Relief to Restaurants and Bars: Opens May 3

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It is no secret that the restaurant industry has been one of the harder-hits of the COVID-19 pandemic. With government shutdowns, limits on hours, restricted operations, and social distancing requirements,...more

Lowndes

SBA Announces New Application Details and Guidelines for the $28.6-billion Restaurant Revitalization Fund

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On Saturday, April 17, 2021, the Small Business Administration (SBA) provided an update for the Restaurant Revitalization Fund (RRF) grant application....more

McCarter & English, LLP

SBA to Provide $28.6 Billion In Grants For Restaurants And Bars

The $1.9 trillion stimulus package, known as the American Rescue Package (the “Rescue Package”), enacted on March 11, 2021, established a $28.6 billion Restaurant Revitalization Fund (“Restaurant Fund”) for restaurants and...more

Lowndes

Restaurant Revitalization Fund Provides Hope to the Food and Beverage Industry—But Applicants Will Need to Act Fast

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When the American Rescue Plan Act of 2021 (H.R. 1319, the “ARP”) became public law on March 11, 2021, it was the first time since the COVID-19 pandemic began that relief for the restaurant industry was specifically addressed....more

Hogan Lovells

Coronavirus: The Hill and the Headlines, March 2021 # 19

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In Washington: President Biden on Thursday doubled to 200 million his administration’s goal for the number of COVID-19 vaccination shots to administer in his first 100 days in office. The U.S. is set to reach Biden’s original...more

Vinson & Elkins LLP

The American Rescue Plan Act – Targeted Grants And Changes To The Paycheck Protection Program

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On March 11, 2021, President Biden signed the American Rescue Plan Act into law. This legislation provides additional pandemic relief for small businesses, adds grants for restaurants, increases funding for grants for...more

Gray Reed

PPP 2.0 and Related Business Programs

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Long-awaited relief has arrived for many struggling small businesses in the form of the Consolidated Appropriations Act of 2021 (the “Appropriations Act”), signed into law by President Donald Trump on December 27, 2020....more

Hogan Lovells

Coronavirus: The Hill and the Headlines, March 2021 # 8

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In Washington: The House on Wednesday passed a sweeping $1.9 trillion COVID-19 relief package in a 220-211 vote. No Republican lawmakers backed the legislation. Just one Democrat, Rep. Jared Golden (ME), opposed it. The White...more

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Nonprofits - UPDATED March 2021

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

Jackson Lewis P.C.

Paycheck Protection Program: Government Enforcement, Oversight

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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

Goodwin

The Consolidated Appropriations Act Of 2021: An Update For Tax-Exempt Organizations

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On December 27, 2020, “The Consolidated Appropriations Act of 2021” (H.R. 133) (the “CAA”) was signed into law by the President. The CAA includes various updates to, and additional funding for, programs established under the...more

Benesch

Grants for Shuttered Venue Operators

Benesch on

A recently passed relief bill will provide $15 billion in federal funding toward grants for “shuttered venue operators,” making funding available to an industry that has been particularly impacted during the COVID-19...more

Robinson+Cole Health Law Diagnosis

REMINDER: November 6 Deadline for New CARES Act Funding Approaches

Health care providers interested in applying for additional CARES Act Provider Relief funding from the Phase 3 General Distribution have until November 6, 2020 to submit an application to the Department of Health & Human...more

Proskauer Rose LLP

Inclusion of Government Grants in EBITDA

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In response to the COVID-19 epidemic, the U.S. government has provided relief to companies through various grant programs. The receipt of these grant proceeds represents a meaningful lifeline to many companies and the...more

Foley Hoag LLP

Frequently Asked Questions: CARES Act Phase 3 Provider Relief Fund General Distribution

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On October, 1, 2020, the U.S. Department of Health and Human Services (HHS) announced the availability of an additional $20 billion in relief funding for providers – including specifically for behavioral health providers and...more

King & Spalding

Medicare Payment Advisory Commission Estimates Hospital Industry Losses During Pandemic

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On September 3, 2020, the Medicare Payment Advisory Commission (MedPAC) released analysis that estimates hospital losses for April to be between $20 billion and $30 billion due to federal CARES Act grants and facility cost...more

Faegre Drinker Biddle & Reath LLP

Revised Higher Education Reporting Requirements for CARES Act Emergency Financial Aid Grants to Students

On August 31, 2020, the U.S. Department of Education (ED) published a Federal Register notice revising its May 6, 2020, electronic announcement requiring higher education institutions to publish on their websites certain...more

BCLP

What Recipients of Provider Relief Fund Payments Can Do to Mitigate Whistleblower Risk

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We previously discussed how recipients of payments from the Provider Relief Fund (PRF) are at risk for allegations of fraud and specifically addressed how these recipients may become targets of False Claims Act (FCA)...more

Goodwin

False Claims Act Risks In U.S. Higher Education

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The federal False Claims Act (FCA) has long been a powerful tool for the U.S. Department of Justice (DOJ) — or private whistleblowers bringing suit on the DOJ’s behalf — to investigate and police activity financed with...more

Holland & Knight LLP

OMB Extends Relief for Federal Grant Recipients Impacted by COVID-19 | Insights

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With some areas of the United States starting to reopen, recipients are beginning to ramp up for performance on federal grant projects. But many aspects of the reopening phase and recipients' ability to timely ramp-up remain...more

Dentons

State Tax Treatment of Funds Received Through COVID-19 Relief Efforts

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Over the last several months, businesses and individuals have received funds through various COVID-19 relief efforts. They now may be wondering what, if any, impact these funds will have on their tax returns next year....more

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