News & Analysis as of

Pending Legislation Paycheck Protection Program (PPP)

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

Beltway Buzz - March 2021 #4

Secretary of Labor Confirmed. On March 23, 2021, former Boston mayor Martin Walsh was sworn in as the 29th U.S. Senate-confirmed secretary of labor. Walsh’s nomination had been approved by the Senate just one day earlier on a...more

Burr & Forman

Labor & Employment Podcast Series, Biden’s First 100 Days: A Check-In for Employers.

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In episode 6 of the Labor & Employment Podcast Series, Burr Partner Bryance Metheny is joined by Nafela Helou to discuss her recent article titled, Biden’s First 100 Days: A Check-In for Employers. The article takes a wide...more

Holland & Knight LLP

American Rescue Plan Act of 2021: Summary

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The U.S. House of Representatives on March 10, 2021, passed the Senate-amended H.R. 1319, the American Rescue Plan (ARP). The ARP provides $1.9 trillion in additional relief to respond to the novel coronavirus (COVID-19)....more

Burr & Forman

Biden’s First 100 Days: A Check-In for Employers

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When Biden took office on January 20, 2021, employers anticipated that we would see widespread changes in federal policy. As we near the half-way point of Biden’s first 100 days in office, we have a clearer idea of how the...more

Benesch

Key Provisions for Employers in the Consolidated Appropriations Act

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Late on December 21, 2020, Congress passed a $900 billion pandemic relief package (referred to herein as the “Act”), which extends and modifies several provisions of the Coronavirus Aid, Relief, and Economic Security Act...more

Dentons

Pending Bill Extends and Changes PPP

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On December 21, 2020, Congress approved the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Ventures Act. While the act still needs to be signed by the President before it becomes law, it makes some extensions and...more

Partridge Snow & Hahn LLP

Coronavirus Relief Bill Renews and Brings Changes to PPP and EIDL Programs

On December 21, 2020, Congress passed an approximately $900 billion coronavirus relief bill, the largest since the CARES Act was enacted in March. If signed into law, a portion of the bill labeled the “Economic Aid to...more

Benesch

Paycheck Protection Program Round 2

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Although not yet signed into law by President Trump, the house and senate have passed a second stimulus bill that provides for a second round of PPP loans up to an aggregate amount of $284 billion. The second round of PPP...more

Foster Garvey PC

There Is a Santa Claus After All – Lawmakers Deliver a Wonderful Holiday Gift to Businesses and Their Owners in a Time of Need

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The Consolidated Appropriations Act, 2021 - In a bipartisan effort, H.R. 133-116th Congress: Consolidated Appropriations Act, 2021 (the "Consolidated Appropriations Act, 2021") overwhelmingly passed both the House and the...more

Pillsbury Winthrop Shaw Pittman LLP

Focus on Forgiveness: The Latest Paycheck Protection Program Regulatory Developments

The SBA has continued its wave of regulations and guidance as PPP borrowers begin to apply for loan forgiveness. New regulations address nuanced, but important, issues such as “owner-employee” compensation and the...more

Downs Rachlin Martin PLLC

Coronavirus (COVID-19) Legal Resources for Business (Updated)

RECENT DEVELOPMENTS - July 20, 2020: A new bill is now pending in the Senate which enhances lender protections and facilitates forgiveness for those PPP borrowers receiving PPP loans of less than $150,000. Proponents of...more

Troutman Pepper

Congress Passes Extension of Paycheck Protection Program

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The Paycheck Protection Program (PPP), which was established in Section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is set to be extended by five weeks after the U.S. House of Representatives...more

Downey Brand LLP

Senate Passes Paycheck Protection Program Flexibility Act of 2020: What Small Businesses Can Expect

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In the wake of COVID-19, Congress enacted the Coronvairus Aid, Relief and Economic Security (“CARES”) Act which included the Paycheck Protection Program (“PPP”) designed to help businesses fund payroll and other critical...more

Partridge Snow & Hahn LLP

Congress Passes Legislation to Provide More Flexibility for PPP Loan Recipients

The Senate has passed legislation (H.R. 7010) providing more flexibility to recipients of loans under the Paycheck Protection Program (PPP). The legislation already passed the House and now just awaits President Trump’s...more

Miles & Stockbridge P.C.

PPP Update: What The House’s Passage of the Flex Act Means for PPP Borrowers

On May 28, 2020, the U.S. House of Representatives near-unanimously passed the Paycheck Protection Program Flexibility Act of 2020, H.R. 7010 (the “PPP Flex Act” or the “Flex Act”). The bipartisan PPP Flex Act now goes to the...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – May 2020 #19

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In Washington - The House will meet for a pro forma session on Monday and the full House is out of session next week. The Senate will reconvene on Monday and resume consideration of John Badalamenti to be United States...more

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