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Senate Republicans on Monday unveiled their next COVID-19 response legislation in the form of the $1 trillion Health, Economic Assistance, Liability Protection and Schools (HEALS) ...

On May 13, 2020, the New York Department of Financial Services issued a letter pursuant to Section 308 of the New York Insurance Law requiring all authorized property...

On September 24, 2020, the Federal Housing Finance Agency announced the extension of the purchase of loans in a COVID-19 forbearance by Fannie Mae and Freddie Mac through October 31, 2020.

Breweries can turn to the Internal Revenue Code to help with cash flow in these difficult times.

Late in the evening on April 2, the SBA issued an Interim Final Rule on the PPP (the April 2 Rule) and published a revised Application form (Revised Application). While SBA and Treasury continue to say that loans will be provided today, April 3...

On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act, which will allocate over $480 billion in additional funding.

To assist hospitals in credentialing physicians during the COVID-19 pandemic, the National Practitioner Data Bank ("NDPB")—the federal clearinghouse for adverse action reports against physicians—has announced it is waiving query fees. This waiver is retroactive to March 1 and goes through May 31, 2020.

January 22, 2021 – This week the Treasury Department announced approval of more than $12 billion in payroll support for major U.S. passenger air carriers and the Small Business Administration

July 9, 2021 – Over the last three weeks, legislation was introduced in the U.S. House of Representatives to eliminate the Federal Pandemic Unemployment Compensation program...

In an apparent response to controversy related to public companies and larger concerns obtaining Paycheck Protection Program ("PPP") loans...

The CARES Act created the Paycheck Protection Program ("PPP"), which amended the Small Business Act ("SBA") to provide short-term loans to companies with fewer than 500 employees and other companies..

The evolution of the PPP continues. On June 5, the Paycheck Protection Program Flexibility Act, which enjoyed bipartisan support in Congress and includes many changes designed...

On March 9, 2020, the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., Consumer Financial Protection Bureau, National Credit Union Administration, and Conference of State Bank Supervisors issued a joint statement.

The Department of Treasury and Small Business Administration have issued additional guidance related to the Paycheck Protection Program (PPP) ...

Federal prosecutors continued to quickly respond to PPP loan fraud, bringing two additional cases that allege clear misuse of the funds intended for small businesses.

While the COVID-19 pandemic has taken center stage the past few months, the transition away from LIBOR has been continuing in the background, almost unnoticed at times.

With the continuing spread of the Coronavirus Disease 2019 ("COVID-19" or "coronavirus"), hospitality service providers are facing a number of issues that have already exacted a heavy financial toll

The Financial Services Forum, the Institute of International Finance and ISDA detailed how financial markets and participants provided "vital" support to the economy during the COVID-19 pandemic.