Originally published on April 14, 2020. Last updated as of the morning of May 15, 2020. Since the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020, the U.S. Small...more
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), signed into law on Friday March 27, 2020, introduced the Paycheck Protection Program (the “PPP”) with an initial $349 billion in funding and the goal of...more
Following the release of the second round of Paycheck Protection Program (PPP) funding, the Small Business Administration (SBA) posted several updates related to the PPP. ...more
The Paycheck Protection Program, originally established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), has provided economic relief to many businesses impacted by the coronavirus. The CARES Act...more
On April 23, 2020, Congress passed the “Paycheck Protection Program and Health Care Enhancement Act” (the Enhancement Act) and it is expected to be signed into law by President Trump as early as Friday, April 24. Referred to...more
On Friday, April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act (the Act), which amends the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act). The...more
Phase ‘3.5’ - Congress’ Interim Emergency Relief Legislation Marshalls $450 Billion to Bolster the Paycheck Protection Program - In response to the quick depletion of funds from the Paycheck Protection Program (the PPP)...more
Key Takeaways: New law adds $100 billion to the Provider Relief Fund created in the CARES Act and provides a total of $200 billion from both laws....more
On April 24, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act, which appropriates an additional $310 billion in funding to the Paycheck Protection Program (PPP) and an additional...more
This client alert serves as an update as we continue to track the developments in the implementation of the Paycheck Protection Program (the “PPP”), an SBA-guaranteed loan program promulgated under the CARES Act, and certain...more
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by the COVID-19 pandemic. The...more
On April 24, 2020, the President signed into law the Paycheck Protection Program and Health Care Enhancement Act (the "Enhancement Act"), an interim stimulus package that includes additional funding for the Paycheck...more
On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law providing, among other relief, up to $349 billion to fund loans to small businesses affected by the...more
Note: This is an update to our April 13 alert. CARES Act 2.0, signed into law on April 24, 2020, authorized additional funding of certain programs established in the initial CARES Act, including supplemental funding for...more
Robinson+Cole has been tracking government relief programs being offered to help alleviate the economic impact of COVID-19 on businesses in the United States. On March 27, 2020, the Coronavirus Aid, Relief and Economic...more
On April 24, 2020, a fourth COVID-19 relief bill, titled the Paycheck Protection Program and Heath Care Enhancement Act (the “Act”), was signed into law....more
Today, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (Act), which makes available an additional $310 billion for loans under the Paycheck Protection Program (PPP) loans and $60 billion...more
On April 23, 2020, Congress passed the Paycheck Protection Program and Health Care Enhancement Act, adding new provisions to help small businesses that had difficulty accessing the Small Business Administration loan programs...more
Earlier today, the U.S. Senate passed the Paycheck Protection Program and Health Care Enhancement Act. This bipartisan bill supported by House and Senate leadership and the President will replenish depleted funding by...more