News & Analysis as of

Guidance Update CARES Act

Verrill

2025 Is the New 2022: IRS Extends Deadline to Adopt SECURE Act Amendments and CARES ACT Waiver of 2020 RMDs Amendment

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The extended deadline for adopting these amendments is December 31, 2025, for qualified non-governmental retirement plans, including 401(k) plans, money purchase pension plans, and defined benefit plans, and for 403(b) plans...more

Proskauer - Employee Benefits & Executive...

IRS Guidance Extends Deadline for SECURE & CARES Act Amendments

On August 3, 2022, in a welcome and surprising move, the IRS released Notice 2022-33, providing for an extension for qualified retirement plans to adopt amendments under the Setting Every Community Up for Retirement...more

Schwabe, Williamson & Wyatt PC

Treasury Updated Compliance Guidance for the ARP State and Local Recovery Fund

On February 28, 2022, the U.S. Department of Treasury issued revised and updated Compliance and Reporting Guidance for the American Rescue Act of 2021’s Coronavirus State and Local Fiscal Recovery Fund. The new Compliance and...more

Schwabe, Williamson & Wyatt PC

Treasury Update Regarding Guidelines on Use of CARES Act Funds

On December 14, 2021, Treasury issued an important update to its guidance on use of ‎CARES Act funds. Currently, there is a deadline of December 31, 2021 to spend CARES Act ‎funds on eligible expenses. While Congress is...more

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

Health Plan Surcharge for Unvaccinated Employees: New Guidance Provides a Roadmap

Employers that are considering imposing health plan premium surcharges to encourage their employees to get vaccinated have clearer guidance on how to do so without running afoul of the nondiscrimination rules under the Health...more

Holland & Hart - Health Law Blog

Free COVID-19 Vaccines and Diagnostic Testing

Over a year after the declaration of a nationwide public health emergency due to the Coronavirus Disease 2019 (“COVID-19”) pandemic, providers are in a position to offer patients a variety of COVID-19 medical services,...more

Nutter McClennen & Fish LLP

Nutter Bank Report: February 2021

HUD, VA, and USDA Coordinate Extensions of COVID-19 Relief for Homeowners - The U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Department of Agriculture...more

Harris Beach PLLC

Paycheck Protection Program – Common Questions and Updated Guidance

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The Paycheck Protection Program has been seen as a lifeline for many businesses nationwide. Josh Steele, a partner in the Harris Beach Labor & Employment group and CARES Act team member has counseled clients throughout the...more

Latham & Watkins LLP

Are Changes in Store for US White Collar Enforcement?

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Recent developments include updated DOJ compliance guidance, a continued rise in FCPA proceedings and penalties, and new investigatory approaches in light of the pandemic. 2020 saw many important developments in US white...more

Benesch

Updated Summary on Paycheck Protection Program (PPP) Round 2

Benesch on

On January 6, 2021, the SBA issued more detailed guidance on the implementation of Paycheck Protection Program (PPP) round 2. The biggest upshot from the SBA’s releases are that except for a limited set of changes (which are...more

Eversheds Sutherland (US) LLP

IRS updates guidance to reflect legislation on expense deductibility under the PPP

In light of recent Congressional action, the IRS has obsoleted its prior guidance that deductions of business expenses taken by recipients of forgiven loans under the Paycheck Protection Program (PPP) are disallowed. On...more

Husch Blackwell LLP

Post-Payment Notice Reporting Requirements Revised

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The Department of Health and Human Services (“HHS”) continues to modify guidance related to reporting requirements of the provider relief funds (“Relief Funds”) that were part of the Coronavirus Aid, Relief, and Economic...more

Manatt, Phelps & Phillips, LLP

L.A. City and County COVID-19 Weekly Update - CA Health and Government COVID-19 Guidance: Week in Review - October 2020 #2

Los Angeles County Remains in the State’s Most Restrictive Tier - Despite progress, case rates in Los Angeles County remain within Tier 1 of the state’s Blueprint for a Safer Economy, the most restrictive tier. On...more

Bass, Berry & Sims PLC

HRSA Releases Details on Provider Relief Fund Reporting Requirements

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The Health Resources and Services Administration (HRSA) quietly released a Post-Payment Notice of Reporting Requirements (Notice) over the weekend, which provides some initial details regarding the reporting requirements...more

Obermayer Rebmann Maxwell & Hippel LLP

DOD Deviation Provides Updated Guidance on CARES Act REAs for COVID-Related Paid Leave

Back in April, we blogged about the Department of Defense’s (DOD) initial guidance on the implementation of Section 3610 of the CARES Act. You may remember that Section 3610 allows government contractors to obtain...more

King & Spalding

CMS Clarifies that Positive COVID-19 Test Results Necessary for 20-Percent Increase to MS-DRG Weighting

King & Spalding on

On August 17, 2020, CMS issued a Medicare Learning Network (MLN) Matters article providing that for admissions occurring on or after September 1, 2020, in order to be eligible for the 20 percent increase in the MS-DRG...more

Foley & Lardner LLP

Creditors Must Continue to Take Proper Care under the CARES Act

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Recently, the Consumer Financial Protection Bureau (CFPB) issued a compliance aid that addresses frequently asked questions related to the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the COVID-19...more

Schwabe, Williamson & Wyatt PC

Key Considerations for PPP Documentation - Update #2

Borrowers under the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) are required to either maintain or submit to lenders and the SBA certain documentation associated with their application for and...more

Groom Law Group, Chartered

IRS and PBGC Guidance on Single-Employer Defined Benefit Funding Relief Under The CARES Act

On July 31, the IRS issued Notice 2020-61 (the “Notice”) to provide guidance related to the special funding rules applicable to single-employer defined benefit pension plans under the Coronavirus Aid, Relief, and Economic...more

Ballard Spahr LLP

Fannie Mae Updates COVID-19 Servicing FAQs

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On August 3, 2020, Fannie Mae updated its COVID-19 servicing FAQs to add an FAQ regarding a COVID-19 forbearance plan with a period of less than 180 days. The FAQ says...more

BCLP

BCLP Benefits Mid-Year 2020 Newsletter: Q2 2020 COVID-19 and Additional Regulatory Guidance

BCLP on

In the second quarter of 2020, we have seen employers faced with continued challenges as they manage the impact of the COVID-19 pandemic on their businesses and begin the process of returning to normal operations. The flurry...more

Dorsey & Whitney LLP

SEC Supplements COVID-19 Disclosure Guidance Ahead of Second Quarter Reports

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The Securities and Exchange Commission continues to encourage public companies to provide disclosures that allow investors to evaluate the current and expected impact of COVID-19 through the eyes of management and to...more

Dickinson Wright

SEC Issues Supplemental COVID-19 Guidance on Disclosure Considerations Relating to Operations, Liquidity, and Capital Resources

Dickinson Wright on

On June 23, the Division of Corporation Finance at the U.S. Securities and Exchange Commission (the “SEC”) released additional disclosure guidance with respect to operations, liquidity, and capital resources disclosures in...more

McDermott Will & Emery

SEC Provides Further Guidance on Covid-19 Disclosure

On June 23, 2020, the Division of Corporation Finance (CF) and the Office of the Chief Accountant of the US Securities and Exchange Commission (SEC) released guidance that provides additional views on disclosure related to...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

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